Cathie Wood Pours Millions Into Archer Aviation and Pony AI Push

Aug 13 – Cathie Wood’s ARK funds made headlines again on Tuesday with a trio of bold moves in aviation and autonomy. ARK bought roughly $3.15 million of Archer Aviation (NYSE:ACHR) stock and added about $13.37 million of Pony AI (NASDAQ:PONY), signaling renewed appetite for eVTOL and robotaxi plays.

At the same time ARK sold 282,737 shares of Kratos Defense (NASDAQ:KTOS), a disposal that totaled about $18.49 million as Wood rebalances the portfolio.

The trades show ARK doubling down on next-gen mobility while trimming some defense exposure after KTOS’s recent rally. Other smaller purchases included stakes in Caris Life Sciences (NASDAQ:CAI), Illumina (NASDAQ:ILMN) and Exact Sciences (NASDAQ:EXAS), alongside buys in mega-caps such as Amazon (NASDAQ:AMZN) and Deere (DE).

ARK’s move could push investor interest back into high-growth, speculative mobility names, but it also underscores the fund’s active, high-conviction approach to thematic investing.

This article first appeared on GuruFocus.