Overview
- ARK built a large post-IPO position in SpaceX, holding roughly 3.29 million shares following the company’s June 12 listing, which made the firm a prominent early institutional holder.
- Over Thursday and Friday the fund manager sold sizable Roku and Robinhood stakes to realize gains tied to Fox’s takeover bid and Robinhood’s cost-cutting rally.
- On Thursday ARK repurchased 54,815 Tesla shares for about $21.9 million, returning Tesla to active buying while keeping it as ARK Innovation’s largest holding at roughly 9.5–9.7% of the fund.
- Proceeds from those sales were redeployed into names seen as having fresh catalysts, including about 223,690 Snowflake shares (~$52.4M), 41,138 Eli Lilly shares (~$46.2M), 111,799 Coinbase shares (~$18.9M) and a Block stake (~$17.7M).
- ARK’s trades illustrate a tactical rotation strategy: crystallize profits on defined, near-term rallies and increase exposure to platform, cloud and biotech companies that the firm views as offering the next stage of upside.