Cathie Wood Unloads This Rocket Stock, Pours $7M Into DoorDash—But Won't Stop Buying This Chinese Giant
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
On Monday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in DoorDash Inc. (NASDAQ:DASH), Alibaba Group Holding Ltd. (NYSE:BABA) , while reducing its position in Brera Holdings PLC (NASDAQ:BREA) and Rocket Lab Corp. (NASDAQ:RKLB).
Ark Invest made a substantial purchase of DoorDash shares across the ARK Autonomous Technology & Robotics ETF
(BATS:ARKQ) and ARK Space Exploration & Innovation ETF (BATS:ARKX). On Monday, DoorDash’s stock closed at $281.74, marking a 3.88% increase. Ark’s purchase of 25,581 shares translates to an investment of approximately $7.2 million.
This surge followed the announcement of a new multi-year partnership with Criteo S.A., aimed at enhancing advertising opportunities across DoorDash’s platform. The collaboration is set to expand media placements and integrate advertising technologies, capitalizing on the rapid growth of retail media.
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Ark Invest bought 4,449 shares of Alibaba through its ARK Innovation ETF (BATS:ARKK), valued at around $832,000 based on Monday’s closing price of $187.22.
Alibaba’s stock has been on an upward trajectory, driven by its aggressive push into cloud computing and artificial intelligence. This momentum has positioned Alibaba as a top-performing Chinese tech stock, with a year-to-date gain of over 120%. The company’s focus on AI has been a significant factor in its recent performance.
Notably, Ark snapped up $2.74 million worth of Alibaba shares last Thursday, continuing its steady buying streak in the Jack Ma-founded company. The firm had already added $5.5 million worth of shares on Wednesday and $4.1 million the day before.
Ark Invest trimmed its stake in Brera Holdings, unloading 54,400 shares from its ARKK ETF. The stock ended the session at $21.91, down 11.94%, with the sale valued at roughly $1.2 million.
Brera Holdings recently made headlines with its Solana (CRYPTO: SOL) Treasury Strategy, which initially led to a 225% surge in its stock. However, the stock has since seen a pullback, reflecting market volatility and investor sentiment.
Ark has been selling Brea stock lately, with $1.1 million worth of shares sold last Thursday. Last month, Ark had picked up 6,500,001 shares worth $162 million.
See Also: 7 Million Gamers Already Trust Gameflip With Their Digital Assets — Now You Can Own a Stake in the Platform
Ark Invest sold 86,326 shares of Rocket Lab Corp across its ARKQ and ARKX ETFs. The stock closed at $58.50, up by 4.17%. The transactions were valued at nearly $5 million.
Rocket Lab recently announced a multi-launch contract with Synspective, a Japanese satellite data company. This agreement adds 10 more launches, bringing the total to 21, highlighting Rocket Lab’s growing presence in the satellite launch market.
-
Ark Invest purchased 1,740 shares of MercadoLibre Inc. through the ARKF ETF.
-
Sold 180,169 shares of Adaptive Biotechnologies Corp from the ARKG ETF.
-
Bought 254,642 shares of ATAI Life Sciences NV via the ARKG ETF.
-
Acquired 11,139 shares of L3Harris Technologies Inc. through the ARKQ ETF and 8,354 shares through ARKK.
Photo Courtesy: PJ McDonnell on Shutterstock.com
Trending Now:
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
For those seeking fixed-income style returns without Wall Street complexity, Worthy Property Bonds offers SEC-qualified, interest-bearing bonds starting at just $10. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.
Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.
Moomoo isn’t just for trading — it’s also one of the most attractive places to park cash. New users can earn a promotional 8.1% APY on uninvested cash, combining a 3.85% base rate with a 4.25% booster once activated. On top of that, eligible new users can also score up to $1,000 in free Nvidia stock—but the real draw here is the ability to earn bank-beating interest rates without having to move into riskier assets.
SoFi gives members access to a wide range of professionally managed alternative funds, covering everything from commodities and private credit to venture capital, hedge funds, and real estate. These funds can provide broader diversification, help smooth out portfolio volatility, and potentially boost total returns over time. Many of the funds have relatively low minimums, making alternative investing accessible.
Range Wealth Management takes a modern, subscription-based approach to financial planning. Instead of charging asset-based fees, the platform offers flat-fee tiers that provide unlimited access to fiduciary advisors along with AI-powered planning tools. Investors can link their accounts without moving assets, while higher-level plans unlock advanced support for taxes, real estate, and multi-generational wealth strategies. This model makes Range especially appealing to high-earning professionals who want holistic advice and predictable pricing.
For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.
This article Cathie Wood Unloads This Rocket Stock, Pours $7M Into DoorDash—But Won’t Stop Buying This Chinese Giant originally appeared on Benzinga.com