Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks trade lower
Cathie Wood's Ark Invest bought $3.4 million of Coinbase shares, $2.6 million of Circle, and $645,820 of Robinhood on Monday.
On November 2nd, 2026, Cathie Wood's ARK ETF disclosed their daily trading activities, showcasing a strategic shift in their portfolio. A major transaction was the sale of 341,024 shares of Personal, Inc. (PSNL) via their ARKG ETF, generating $5,394,999. This sale follows a series of recent sales, indicating a reduction in the company's stake.
Conversely, ARK increased its investment in Coinbase Global, Inc. (COIN), purchasing 24,790 shares across their ARKK, ARKW, and ARKF ETFs, totaling $3,558,356. This acquisition reflects ARK's ongoing interest in the cryptocurrency sector. Additionally, the ETF expanded its holdings in the biotech firm Twist Bioscience Corporation (TWST), buying 26,262 shares through ARKK, with a value of $4,012,308.
This move suggests confidence in Twist's growth potential in the biotechnology sector. ARK also made significant purchases in Pacific Biosciences of California, Inc. (PACB) and added to its position in Kymera Therapeutics, Inc. (KYMR). Other trades included selling shares of Bullish (BLSH) and Tempus AI, Inc. (TEM), as well as buying stocks in Circle Internet Group, Inc., Robinhood Markets, Inc., Iambic Therapeutics, Inc., Illumina Inc., and Scribe Therapeutics Inc. This dynamic trading pattern highlights ARK's strategic approach, balancing sector reductions with sector expansions, especially in biotechnology and cryptocurrency.
Investors will be watching to see how these moves align with market trends and ARK's long-term investment strategy.
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