ARKK Buys 543K SpaceX Shares, Sells 1.6M Roblox

ARK Invest's ARKK fund increased positions in SpaceX, Circle, and Cloudflare while significantly reducing holdings in Roblox and Snowflake, signaling a shift toward infrastructure and AI plays.

Woofun AI reports that ARK Invest's flagship ETF, ARKK, adjusted its equity portfolio on August 8. The fund added 115,000 shares of SpaceX, 314,000 shares of Circle Internet Group, 114,000 shares of Cloudflare, 59,700 shares of Coinbase, 16,300 shares of Cerebras Systems, and 70,200 shares of Intellia Therapeutics.

Concurrently, ARKK decreased its exposure to other names, selling 1.599 million shares of Roblox, 101,500 shares of Snowflake, and 1,822 shares of Brera Holdings.