Cathie Wood Scoops Up $24M in Figma, Sells DraftKings

Cathie Wood's ARK Invest ETFs (exchange-traded funds) made notable portfolio changes on Thursday, February 19, as shown in daily fund disclosures. Wood bought roughly $24 million worth of Figma (FIG) stock, following its robust Q4FY25 results. Her purchase reflects solid confidence in the newly listed cloud-based collaborative design platform's future prospects. She also acquired shares of British drug maker Compass Pathways (CMPS) and biotech firm Recursion Pharmaceuticals (RXRX).President's Day Sale - 70% OffUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential On the other hand, Wood offloaded a large portion of betting platform DraftKings (DKNG) and social media site Pinterest (PINS). Let's briefly review Wood's trades: Figma – Wood added 964,342 shares, while its share price surged 6.9% yesterday. Figma beat both sales and earnings estimates, and CEO Dylan Field pushed back on fears that generative AI tools could slow the growth of traditional software companies. The company is also leveraging AI to boost its platform. Its Figma Make tool lets users type prompts that AI models from Anthropic and Google (GOOGL) turn into app prototypes. Starting in March, Figma will charge for AI usage through monthly credit limits and pay-per-use pricing. Compass Pathways – The ARK Genomic Revolution ETF (ARKG) purchased 781,085 shares for $6.5 million, capitalizing on the 2.3% dip in share price. Shares fell after announcing a 17.5 million secondary offering priced at $8 per piece. Recursion Pharmaceuticals – Wood bought 780,532 RXRX shares for $2.9 million, following a 5.4% surge in its stock price. The surge follows the prior day's decline, when Nvidia (NVDA) disclosed in a 13F filing that it had fully exited its position in the AI-driven drug maker during Q4. DraftKings – The ARK Innovation ETF (ARKK) sold 480,919 shares for about $10.8 million, continuing with her steady exit from the gaming platform. Pinterest – The ARK Next Generation Internet ETF (ARKW) sold 158,945 shares for $2.66 million, aligning with her recent selling spree after it reported lackluster Q4 2025 results and issued a weak outlook. Wood's Strategic Portfolio Shuffle Let's see how these stocks perform using the TipRanks Stock Comparison Tool. Currently, analysts have a "Strong Buy" consensus rating on DraftKings and Compass Pathways, with CMPS stock offering the highest upside potential over the next twelve months.