TLDR
- ARK Invest made no trades Tuesday or Wednesday, then returned Friday with a major portfolio shift
- ARK bought 26,161 Netflix shares (~$2.5M) after the stock fell nearly 10% post-earnings
- ARK sold $1.21M in Circle shares amid a class-action lawsuit linked to the Drift Protocol exploit
- ARK offloaded $1.36M in Bullish stock despite Bitcoin rising above $76,000
- ARK also added ~$11.96M in Alamar Biosciences shares on the biotech’s first day of Nasdaq trading
Cathie Wood’s ARK Invest returned to trading on Friday, April 17, 2026, after two days of no activity. The firm made a clear rotation: selling crypto-linked stocks and buying into large-cap tech and biotech.
ARK bought 26,161 shares of Netflix for around $2.5 million. Netflix had just reported Q1 earnings, posting revenue of $12.25 billion and profit of $5.28 billion — both ahead of Wall Street estimates.
Despite the strong numbers, Netflix shares fell nearly 10% to close at $97.31. The drop came after co-founder Reed Hastings announced he would not seek reelection to the board, and the company gave a softer revenue outlook for the rest of 2026.
ARK’s purchase suggests the firm views the sell-off as overdone. Netflix is pushing into live sports and advertising, expected to bring in around $3 billion in revenue this year.
ARK Trims Circle and Bullish
On the selling side, ARK offloaded $1.21 million in Circle shares. Circle issues USDC, one of the largest stablecoins by market cap.
Circle is currently facing a class-action lawsuit connected to the Drift Protocol exploit. The suit alleges Circle failed to freeze related assets during the attack, adding legal risk to holding the stock.
ARK also sold $1.36 million worth of Bullish stock, even as Bullish shares rose about 5% that day on easing Middle East tensions.
Bitcoin was trading above $76,999 on Friday, briefly boosted by news that the Strait of Hormuz had reopened. Oil prices dropped around 10% on that news.
The relief was short-lived. By Saturday night, Iran announced the Strait was closed again due to a U.S. naval blockade. The reversal highlighted the unstable geopolitical backdrop.
ARK Adds Alamar Biosciences on IPO Day
ARK also bought 537,463 shares of Alamar Biosciences for approximately $11.96 million. It was Alamar’s first day of trading on Nasdaq.
Alamar surged about 33% on its debut, reaching a market cap of $1.53 billion. The purchase shows ARK’s continued appetite for early-stage biotech alongside its tech holdings.
The total crypto-linked sales came to $2.57 million across Circle and Bullish. Both positions were reduced despite the broader crypto market holding above key price levels.
The trades reflect a deliberate shift in ARK’s Friday portfolio — moving away from higher-risk crypto names and toward large-cap tech and biotech as global uncertainty remains elevated.
ARK’s purchase of Netflix shares and Alamar Biosciences on the same day marks one of the firm’s more active single-day rotations in recent weeks.
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