Cathie Wood’s ARK Innovation ETF is shedding assets this year as it continues to underperform the technology-heavy Nasdaq 100 Index.

ARK Invest's Cathie Wood bought 223,690 shares of Snowflake worth $52.45M and $22M in Tesla on June 18, rotating capital into AI infrastructure stocks.

Cathie Wood’s ARK Innovation ETF is shedding assets this year as it continues to underperform the technology-heavy Nasdaq 100 Index.

On Monday, June 22, 2026 Cathie Wood bought 210,121 SpaceX shares worth ~$32.5 million across four ETFs as the stock slid 16% from its debut highs.

SPCX fell 16.43% to close at $154.60 on Monday, erasing most of the gains recorded since its June 12 debut.

On Tuesday, Cathie Wood boosted AMZN, GOOGL and TSLA holdings across ARK ETFs as markets fell, signaling a growing bet on Magnificent 7 stocks.