Ark Invest Bolsters Holdings in SpaceX and Circle

Cathie Wood's Ark Invest has significantly increased its holdings in SpaceX and Circle after a recent buying spree.

The firm's latest trading disclosure shows that it purchased 181,830 SpaceX shares across four exchange-traded funds, including ARKK, and 273,343 Circle shares across ARKK and two other funds.

The purchases were worth approximately $20 million and $17.3 million, respectively, based on the companies' closing prices.

SpaceX now accounts for 4.73% of Ark's portfolio, while Circle represents 3.90%. Both companies are among Cathie Wood's largest investments, reflecting Ark's focus on artificial intelligence, crypto, fintech, and other technology companies.