Cathie Wood is leaning harder into tech. On Tuesday, Ark Invest picked up 174,293 shares of Alphabet, the parent company of Google, spreading the buy across four of its exchange-traded funds; ARKK, ARKW, ARKQ, and ARKX.
Cryptopolitan pegged Alphabet’s closing price at $323.64, meaning the total value of Cathie’s purchase stood at around $56.4 million.
This also comes on the same day the Sundar Pichai-led company’s valuation crept closer to $4 trillion, helped by news that Meta might be switching to Google’s AI chips. Investors also piled in after buzz around Gemini, Google’s in-house AI model. Even with Alphabet surging, broader AI-related ETFs dipped as Nvidia, the usual driver, lost ground.
Cathie’s team scattered orders across stocks tied to crypto, fintech, semiconductors, and AI infrastructure; some were buys, some were exits. But Alphabet got the largest ticket by far, and it wasn’t even close.
Ark grabs Meta, dumps AMD, and buys into CoreWeave
On the same day Cathie loaded up Alphabet, she also scooped 33,837 shares of Meta using her ARKF, ARKK, and ARKW funds. The trade, worth around $21.5 million, was priced off Meta’s $636.22 close.
Meta’s stock gained 3.78%, despite U.S. senators calling for a full-blown investigation into how the company might have benefited from fraudulent ads.
The Meta-Google chatter didn’t just move stocks. It also set off a reaction in the chip space. Advanced Micro Devices (AMD) dropped 4.15%, dragged by reports that Meta might stop using Nvidia GPUs in favor of Google’s tensor processing units.
That same day, Ark bailed out of 106,651 AMD shares, dumping around $21.98 million across ARKF, ARKK, and ARKW. It wasn’t the only chip move.
Ark also picked up 396,198 shares of CoreWeave, worth roughly $28.2 million at the closing price of $71.29. The buy ran through the ARKK and ARKW funds. CoreWeave’s stock was down 3.14%, hit by fears it’s too dependent on Nvidia’s ecosystem just as Meta looks elsewhere.
Ark bets on Circle and Block, adds Bitcoin ETF, trims Palantir and GitLab
Cathie moved into crypto too. Ark added 96,200 shares of the ARK 21Shares Bitcoin ETF, spending about $2.8 million at $29.01 a share through the ARKF and ARKW funds. That followed a smaller buy on Monday when Ark picked up another $1.08 million worth of ARKB. The move came as Bitcoin crashed 23% in 30 days. It’s now trading at $87,948, way down from the $126,000 high it hit just six weeks ago.
Ark’s crypto play extended to Circle, the issuer of USDC. Cathie picked up 108,450 shares of Circle through ARKK, dropping about $7.60 million based on a closing price of $70.11. Baird upgraded Circle to Outperform and Bernstein reiterated that call.
For Q3, Circle posted $740 million in revenue, $166 million in adjusted EBITDA, and $214 million in net income, a year-on-year spike of 202%. Ark had already poured $15.06 million into Circle the week before.
Cathie also picked up 212,538 shares of Jack Dorsey’s Block through ARKK and ARKF, totaling roughly $13.5 million at $63.69 per share. Block had just held its Investor Day, laying out plans to boost its Cash App, roll out more AI-focused tools, and continue stock buybacks.
On the exit side, Ark dropped 354,955 shares of Peter Thiel’s Palantir, clearing about $58.05 million at $163.55, even as Palantir’s stock PLTR surged on hopes of Fed rate cuts and a market-wide tech rally.
Palantir had beaten its Q3 earnings and issued a better-than-expected forward guidance for 2026, but then shortly after, Cryptopolitan reported that the company’s co-founder Alex Karp had abruptly sold around $96 million of PLTR shares, and Ark cashed out around the same time.
Ark also sold off 397,713 shares of GitLab and 216,331 shares of Exact Sciences Corp., both spread across ARKK and other thematic funds. On the other hand, the fund quietly picked up 15,197 shares of Coinbase through ARKK, even as crypto stocks continued to fall under the weight of low liquidity and macro anxiety.
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