- Cathie Wood’s Ark Invest rebalances portfolio according to the latest trade filings.
- Coinbase shares worth $16 million were offloaded along with $8.2 million in Robinhood shares.
- The company also shed stocks of chipmakers like NVIDIA and TSMC.
The latest trade filings from Cathie Wood’s Ark Invest showed that the company has decided to rebalance its portfolio. In the process of rebalancing, Ark Invest has reduced holdings of chipmakers like TSMC and Nvidia, along with Coinbase and Robinhood from the finance sector.
Read more: Nvidia turns the tables for global stock market dynamics
Cathie Wood's Ark Invest trims chipmakers and Coinbase holdings
Based on company filings, Cathie Wood's Ark Invest has offloaded 2,362 shares of Nvidia on Friday as the market takes a breather from the AI-induced rally. Along with NVIDIA, Ark Invest has also sold US crypto exchange Coinbase's $16 million shares and shares in Robinhood (HOOD) worth $8.2 million.
Read more: Nvidia Stock Earnings: NVDA Q4 results trounce consensus
Here’s a detailed breakdown of the recent filings:
Cathie Wood's Ark Invest has been making adjustments to its portfolio, trimming holdings in both chipmakers and Coinbase.
Chipmakers:
- Ark Autonomous Technology and Robotics ETF sold shares of TSMC (first sale since late 2021) and Nvidia.
- This follows Ark's ongoing portfolio rebalancing as chip stock prices surge (Nvidia up 59% and TSMC up 25% year-to-date).
- Ark still holds around 221,848 shares of TSMC.
- Previously, Cathie Wood was bullish on AI, investing in software companies like UiPath and Twilio instead of chipmakers.
- Due to recent price increases, both TSMC and Nvidia have fallen out of the fund's top 10 holdings.
Coinbase:
- Ark Invest sold a total of 96,435 Coinbase shares ($16 million) across three ETFs in the past week.
- This is part of Ark's strategy to rebalance fund weightings despite a recent 30% surge in Coinbase's price.
- Coinbase stock remains down over 50% from its all-time high, though it's up 160% in the past year.
Overall, these sales indicate that Ark Invest is adjusting its portfolio to reflect current market conditions and its long-term investment strategies.
Also read: Nvidia overtakes Tesla as most-traded stock, while AI boosts revenue 265%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Whale grabs 16,000 ETH as Ethereum Foundation vows support for L1, RWA and stablecoins
Ethereum Foundation's Co-Executive Director Tomasz K. Stańczak highlights simplified roadmap scaling blobs and improving L1 performance. Ethereum whale scoops 16,000 ETH, emphasizing growing interest in the token as the price recovers.
Bitcoin retests key resistance at $85K, breakout to $90K or rejection to $78K?
Bitcoin (BTC) price edges higher and approaches its key resistance at $85,000 on Monday, with a breakout indicating a bullish trend ahead. Metaplanet announced Monday that it purchased an additional 319 BTC, bringing its total holdings to 4,525 BTC.
XRP price teases breakout, bulls defend $2 support
Ripple (XRP) price grinds higher and trades at $2.15 during the early European session on Monday. The token sustained a bullish outlook throughout the weekend supported by bullish sentiment from the 90-day tariff suspension in the United States.
Senator Elizabeth Warren launches fresh offensive on crypto
Senators Elizabeth Warren, Mazie K. Hirono, and Dick Durbin want the DoJ’s decision to terminate crypto investigations reversed. The Senators raise concerns over the DoJ’s shift in priorities, terming it a “grave mistake.”
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.