Cathie Wood's ARK Invest increased positions in several technology, healthcare and digital-asset companies in the week ended July 10, deploying about $52.1 million into Space Exploration Technologies (SPCX) across multiple ARK exchange-traded funds.
ARK Invest added shares of Eli Lilly, Meta Platforms, X‑Energy, Coinbase Global and Circle Internet Group, moves recorded by GuruFocus and reported on Yahoo Finance that the firm said reflect continued interest in artificial intelligence, healthcare and cryptocurrency-related businesses.
On the selling side, ARK trimmed holdings in Advanced Micro Devices, Roku, Robinhood Markets, Deere and Iridium Communications.
GuruFocus flagged one warning sign for SPCX.
The investment manager also cut exposure to several genomics companies, including Natera, Illumina, Twist Bioscience, 10x Genomics and BioNTech, part of portfolio rebalancing ahead of the second-quarter earnings season.
