This article first appeared on GuruFocus.
Cathie Wood’s ARK added to its Meta Platforms (NASDAQ:META) position while further reducing its stake in Advanced Micro Devices (NASDAQ:AMD), according to the firm’s daily trade disclosure released Thursday.
Meta Platforms (NASDAQ:META) was ARK’s largest purchase of the day, with the investment manager acquiring 34,080 shares valued at about $20.6 million. The firm also bought 217,896 shares of Circle Internet Group (CRCL) across three of its exchange-traded funds, expanding its exposure to digital asset infrastructure.
On the selling side, ARK disposed of 10,774 shares of Advanced Micro Devices (NASDAQ:AMD) worth about $5.6 million, extending a series of sales in the chipmaker over the past week.
The firm also reduced positions in Robinhood Markets (NASDAQ:HOOD), Natera (NASDAQ:NTRA), Twist Bioscience (TWST), and Roku (NASDAQ:ROKU), while increasing holdings in Ionis Pharmaceuticals (NASDAQ:IONS), Prime Medicine (NASDAQ:PRME), Generate Biomedicines, and Compass Pathways (CMPS) as part of its latest portfolio rebalancing.