Cathie Wood’s Big Pivot
ARK Invest sold more than $87 million combined in Nvidia and Meta last week and has been trimming AI, crypto and internet names across funds like ARKK, ARKF and ARKW. ( ) The team is redeploying into names like Circle Internet and CoreWeave and the firm’s activity coincides with chatter about several new active ETF debuts this quarter. ( )
ARK sold roughly 213,000 shares of Nvidia across March 25–26, 2026, split between ARKK and ARKW and totaling about $37 million in proceeds. (arktradetiming.com) The firm trimmed roughly 90,000 shares of Meta over the same March 25–26 window — trades executed out of ARKK, ARKW and ARKF that amounted to roughly $50 million. (arktradetiming.com) On March 30, ARK’s flagship ARKK purchased 41,830 shares of CoreWeave, a buy valued at about $2.9–$3.1 million in that session. (benzinga.com) ARK also accumulated more than 161,000 shares of Circle Internet during the week — a pick-up valued at roughly $16–$17 million — adding to a larger position the firm disclosed in filings. (computing.net) ARK’s regulatory filings show a much bigger, earlier bet in Circle: a Feb. 11, 2026 13F disclosure listed 4,141,628 shares of Circle valued at about $328 million as of Dec. 31, 2025. (fintel.io) Those trades came as market coverage highlighted a fresh wave of active ETF launches this quarter — Morningstar ran a March 30, 2026 piece flagging three new active ETFs on its radar amid a broader surge in active ETF debuts since the 2019 ETF rule. (morningstar.com)
