ARK ETF Dives into Tech with Big Buys of Amazon, CoreWeave
Cathie Wood's ARK ETF made significant trades on August 3rd, 2026, reflecting its evolving investment strategies.
The largest trade was the sale of 505,751 shares of Roblox Corp (RBLX) across its ARKK and ARKW ETFs, totaling approximately $18,004,735. This continues a trend from previous days where ARK has been reducing its position in RBLX.
On the buying side, ARK invested heavily in Amazon.com Inc (AMZN), acquiring 73,835 shares through multiple ETFs, including ARKK, ARKQ, ARKW, ARKF, and ARKX, amounting to a total of $20,052,109. This purchase suggests a strong confidence in AMZN's future prospects.
ARK also added to its holdings in CoreWeave Inc (CRWV) with a purchase of 169,616 shares for $12,173,340, and Coinbase Global Inc (), buying 54,776 shares valued at $8,011,537. The acquisition of CRWV shares is notable as it follows a significant purchase made last week, indicating a continued bullish stance.
The fund sold 251,094 shares of 10X Genomics Inc () for $11,869,213 and reduced its stake in Advanced Micro Devices Inc () by 30,727 shares, equating to $14,630,661. The sale of 10X Genomics stock also aligns with previous transactions, highlighting ARK's strategy to decrease its exposure in this particular company.