TLDR
- ARK Invest bought shares in Coinbase, Circle, Bullish, and Robinhood on Thursday as all four stocks fell
- ARK spent roughly $5.4 million across the four crypto-linked stocks through its ARKK, ARKW, and ARKF ETFs
- ARK also bought $20.4 million worth of Cerebras Systems shares and sold Alibaba and Roku
- Cathie Wood said inflation is heading lower, citing rising productivity as a key disinflationary force
- ARK keeps rebalancing its ETFs to ensure no single stock exceeds 10% of any fund
Cathie Wood’s ARK Invest made a series of moves on Thursday, June 25, buying more shares in four crypto-linked stocks even as their prices declined.
ARK purchased 9,014 Coinbase shares worth around $1.28 million across its ARKK, ARKW, and ARKF ETFs. Coinbase closed the day down 5% at $142.52.
ARK also picked up 9,264 Circle shares for roughly $637,000, and 9,136 Bullish shares for just under $200,000. Circle fell 3% to $68.81, while Bullish dropped 6.77% to $21.88.
Through its ARKK ETF, the firm bought 35,023 Robinhood shares worth around $3.27 million. Robinhood closed down 3.85% at $93.47.
ARK Buys Into Dips Across Crypto Stocks
ARK’s buying strategy is tied to its portfolio rules. The firm rebalances its ETFs when stock values shift, making sure no single holding goes above 10% of a fund’s total.
When prices fall, the weighting of those stocks drops. ARK then buys more shares to bring them back in line with its target allocations.
This means Thursday’s dip in crypto-linked names likely triggered the automatic rebalancing buys.
Cerebras Purchase and Big Sells
Outside of crypto stocks, ARK made its largest single purchase of the day in Cerebras Systems, buying 111,989 shares for just over $20.4 million. ARK has been adding to this position over several days.
On the sell side, ARK offloaded 176,004 Alibaba shares worth $17.6 million and 130,666 Roku shares worth $17.8 million. Both sales continue a recent trend of ARK trimming these positions.
ARK also added 30,528 Palantir shares valued at $3.46 million and 350,023 more Robinhood shares worth $3.4 million across its broader ETF range.
In biotech, ARK bought shares in Recursion Pharmaceuticals and Tempus AI, while selling out of Twist Bioscience and Absci.
Cathie Wood on Inflation
While on a roadshow through Asia and Europe, Cathie Wood posted on X that inflation could “break down in a big way.”
She pointed to unit labor costs, which she said are already running at just 0.5% year-over-year.
Wood credited rising productivity as a key disinflationary force that markets are underestimating.
She also mentioned Federal Reserve candidate Kevin Warsh, saying she believes he understands both the role of productivity in lowering inflation and the flaws in how the government currently measures it.
Wood suggested Warsh would give financial markets “a master class in monetary policy” if confirmed.
All four crypto-linked stocks — Coinbase, Circle, Robinhood, and Bullish — remain in ARK’s active ETF portfolios following Thursday’s purchases.
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