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Ark Invest’s Recent Purchases by Cathie Wood
Cathie Wood, founder and chief of Ark Invest, has recently expanded her holdings by purchasing a total of 23,769 shares of Meta Platforms (NASDAQ: META) and 113,276 shares of Alphabet (NASDAQ: GOOG, GOOGL) on November 25, 2023. Meta is now the 25th largest holding in Ark’s Innovation ETF, while Alphabet is the 42nd. Meta is currently trading at 25x forward earnings estimates, while Alphabet trades at 30x.
Additionally, Wood acquired 358,999 shares of CoreWeave (NASDAQ: CRWV), which has declined 60% from its peak earlier this year. This purchase further positions CoreWeave as the 31st largest holding in the fund. CoreWeave operates in the “GPU-as-a-service” sector, catering specifically to AI workloads, despite not yet being profitable.
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