Wood sold 570,391 Alibaba shares worth about $54.2 million across its three flagship ETFs. The sale comes just a day after ARK sold another 176,004 Alibaba shares worth about $17.6 million. The latest move shows Wood is continuing to reduce her exposure to Chinese stocks while increasing investments in AI, crypto, and other high-growth sectors.
Wood Adds to Coinbase, Palantir, and SpaceX
Wood’s biggest purchase of the day was Coinbase. ARK bought 68,366 shares worth about $9.7 million. The move comes as Wood continues to back the crypto sector, with Coinbase remaining one of ARK’s largest holdings.
ARK also purchased 41,601 shares of Palantir worth about $4.5 million. The company has continued to benefit from strong demand for its AI software platform, and Wood has repeatedly added to the stock during recent market pullbacks.
Among the other notable trades, ARK bought shares of Recursion Pharmaceuticals worth about $2 million. The firm also added 45,728 shares of SpaceX worth nearly $7 million. The purchase follows several recent buys, showing Wood remains bullish on the space company.
