Cathie Wood’s ARK Innovation ETF sold approximately $33 million in Roku shares. This divestment followed a $160 per share acquisition bid from Fox. ARK now views Roku as a deal-based asset rather than a growth-oriented holding.
The fund also sold Robinhood shares to generate additional capital. ARK reinvested these funds into companies within its disruptive innovation portfolio. Key recipients include Eli Lilly, Coinbase, Block, Snowflake, Tesla, and SpaceX.
This move reflects a capital recycling strategy instead of a portfolio de-risking. The ARK Innovation ETF continues to offer investors pre-IPO exposure to OpenAI. Analysts are monitoring these new positions following the fund's recent mixed performance.