Cathie Wood Loads Up on SpaceX, Meta, Eli Lilly and Circle Group
Complete. Here is the key summaryCathie Wood's ARK Invest increased positions in SpaceX, Meta, Eli Lilly, and Circle Internet Group during the week ended July 10. The firm sold holdings in AMD, Roku, Robinhood, Deere, Iridium, and several genomics companies like Illumina and BioNTech. This rebalancing reflects continued interest in AI, healthcare, and crypto sectors ahead of Q2 earnings season.
Cathie Wood's ARK Invest increased positions in several technology, healthcare and digital asset companies during the week ended July 10, while reducing holdings in select semiconductor and genomics names.
Space Exploration Technologies represented the firm's largest purchase by value, with about $52.1 million deployed across multiple ARK exchange-traded funds. ARK also added shares of Eli Lilly , Meta Platforms , X-Energy , Coinbase Global and Circle Internet Group , reflecting continued interest in artificial intelligence, healthcare and cryptocurrency-related businesses.
On the selling side, ARK reduced holdings in Advanced Micro Devices , Roku (ROKU), Robinhood Markets , Deere (DE) and Iridium Communications . The investment manager also cut exposure to several genomics companies, including Natera (NTRA), Illumina (ILMN), Twist Bioscience (TWST), 10x Genomics (TXG) and BioNTech (BNTX), as it continued portfolio rebalancing ahead of the second-quarter earnings season.