--- title: "Cathie Wood Snaps Up $14.3 Million of Meta Stock After Post-Earnings Selloff, Ark Sheds Caterpillar Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/294454660.md" description: "Ark Invest, led by Cathie Wood, purchased $14.3 million worth of Meta Platforms shares across multiple ETFs following a post-earnings selloff where the stock dropped nearly 8%. Conversely, Ark reduced its Caterpillar holdings by selling 1,136 shares via the ARKQ fund amid analyst downgrades. Other notable trades included buying L3Harris and selling Roku, Datadog, and Garmin." datetime: "2026-07-31T03:10:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294454660.md) - [en](https://longbridge.com/en/news/294454660.md) - [zh-HK](https://longbridge.com/zh-HK/news/294454660.md) generator: "portal-rs" --- # Cathie Wood Snaps Up $14.3 Million of Meta Stock After Post-Earnings Selloff, Ark Sheds Caterpillar Shares On Thursday, **Cathie Wood**-led **Ark Invest** executed significant trades involving **Meta Platforms Inc** (NASDAQ:META) and **Caterpillar Inc** (NYSE:CAT). The investment firm increased its position in Meta Platforms while reducing its stake in Caterpillar, reflecting strategic adjustments amidst market fluctuations. ## The Meta Platforms Trade Ark Invest made a notable move by purchasing additional shares of **Meta Platforms** across multiple ETFs. Specifically, the **ARK Innovation ETF** (BATS:ARKK), **ARK Blockchain & Fintech Innovation ETF** (BATS:ARKF), and **ARK Next Generation Internet ETF** (BATS:ARKW) funds collectively acquired 26,509 shares of Meta. The transaction occurred as Meta’s stock closed at $539.03, marking a decline of 7.95% from the previous day. This purchase amounted to a total value of approximately $14.3 million. The decision to buy more Meta shares comes in the wake of the company’s second-quarter earnings report. Despite exceeding revenue expectations with $60.8 billion, the **Mark Zuckerberg**-led company’s adjusted earnings per share fell short at $6.18, missing the anticipated $7.13. Analysts like **Brent Thill** from Jefferies and CNBC’s **Jim Cramer** remain optimistic about Meta’s long-term potential, emphasizing the need for clarity on the revenue impact of its AI investments.  **Read Also: Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'** ## The Caterpillar Trade In contrast, Ark Invest reduced its holdings in **Caterpillar** by selling 1,136 shares through the **ARKQ** fund. The transaction amounted to $919,183, based on the stock’s closing price of $809.14. This decision aligns with recent market developments, as Caterpillar’s stock faced pressure following a downgrade by Baird analyst **Mircea Dobre**. The analyst shifted his rating to Neutral from Outperform, citing increased regulatory scrutiny on data center development as a key factor. This downgrade led to a reduced price target, reflecting concerns about future capital commitments and potential deceleration in bookings. ## Other Key Trades - Sold 9,925 shares of **Roku Inc**. (ROKU) from the **ARKF** fund. - Bought 20,610 shares of **L3harris Technologies, Inc** (LHX) through the **ARKQ** fund and 17,025 shares via **ARKX**. - Sold 15,320 shares of **Datadog Inc** (DDOG) from the **ARKW** fund. - Sold 38,874 shares of **Garmin Ltd** (GRMN) from the **ARKX** fund. **Benzinga Edge Stock Rankings** indicate Meta stock has a Momentum score in the 12th percentile and a Value score in the 54th percentile. **Read Also: Apple, Amazon, Reddit, Rivian and Cycurion: Why These 5 Stocks Are on Investors Radars' Today** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: PJ McDonnell on Shutterstock.com* ### Related Stocks - [LHX.US](https://longbridge.com/en/quote/LHX.US.md) - [CAT.US](https://longbridge.com/en/quote/CAT.US.md) - [GRMN.US](https://longbridge.com/en/quote/GRMN.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKF.US](https://longbridge.com/en/quote/ARKF.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [JEF.US](https://longbridge.com/en/quote/JEF.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [DDOG.US](https://longbridge.com/en/quote/DDOG.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [RDDT.US](https://longbridge.com/en/quote/RDDT.US.md) - [RIVN.US](https://longbridge.com/en/quote/RIVN.US.md) - [CYCU.US](https://longbridge.com/en/quote/CYCU.US.md) - [CYCUW.US](https://longbridge.com/en/quote/CYCUW.US.md) ## Related News & Research - [Meta is asking some of its employees to become managers again in a new reorg](https://longbridge.com/en/news/298642956.md) - [Meta Platforms, Inc. $META Shares Sold by TrinityBridge Ltd](https://longbridge.com/en/news/299012292.md) - [Meta launches subscriptions with enhanced AI features](https://longbridge.com/en/news/299068859.md) - [Meta AI Officially Launches in Hong Kong, Available on IG, Threads and WhatsApp](https://longbridge.com/en/news/298704676.md) - [Mark Zuckerberg's Meta Is Charging Consumers for a Personal AI Agent for the First Time. Here's What $20 and $100 a Month Could Add to Revenue.](https://longbridge.com/en/news/298687939.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**