On February 23, 2026, Cathie Wood’s ARK Invest executed a series of notable trades, reflecting its evolving investment strategy in response to market dynamics. The firm disclosed its latest moves, notably selling approximately $35.7 million worth of shares in Teradyne, a well-regarded test-equipment maker, while concurrently amplifying its positions in burgeoning tech ventures.
ARK’s decision to offload 109,992 shares of Teradyne aligns with its recent trend of mitigating exposure to the company as Teradyne’s stock experienced a rebound following its earnings report on February 2, only to retract nearly 2% by the time of ARK’s divestment. This strategic sell-off underscores ARK’s proactive approach in managing its investment portfolio amidst shifting market sentiments.
Proceeds from this sale were swiftly reinvested into Figma, the innovative cloud-based design platform, where ARK acquired 477,445 shares distributed across its ARKK and ARKW ETFs, amounting to around $12.46 million. This investment came in the wake of a 5.1% decline in Figma’s stock price, which ARK leveraged as a prime buying opportunity. Figma’s resilience in outperforming analyst expectations on both revenue and earnings likely bolstered ARK’s confidence in the stock.
In addition to Figma, ARK strategically added 34,573 shares of Advanced Micro Devices (AMD) to its portfolio for roughly $6.92 million. This acquisition occurred amid a backdrop of reports regarding delays in AMD’s Instinct MI455X AI accelerator chips, leading to a 1.8% dip in share value. Simultaneously, the company’s ties to an evolving AI partnership with Nvidia and Meta have proven crucial for the stock’s outlook.
ARK also augmented its position in Broadcom, purchasing 18,534 shares for approximately $6.17 million. This ongoing investment trend reflects Wood’s anticipation of Broadcom’s forthcoming earnings report, with a spotlight on the company’s custom AI chip ventures that align with ARK’s focus on high-growth sectors.
Further diversifying its holdings, ARK acquired 19,105 shares of Alphabet’s Class C stock for about $6 million. Despite the broader market downturn contributing to a 1% decline in Alphabet’s share price on the same day, ARK’s strategic acquisition shines a light on its long-term vision for tech-centric investments.
Conversely, ARK’s portfolio adjustments included a continued reduction of exposure to DraftKings, selling off 248,197 shares for $5.54 million, marking a trend of cautious divestment from the online sports betting company that has faced challenges this year. Additionally, ARK sold 179,330 shares of Iridium Communications for $4.11 million and trimmed its Taiwan Semiconductor holdings by 12,629 shares for approximately $4.68 million.
While smaller investments included positions in Aurora Innovation and DoorDash, totaling several million, the overarching theme of ARK’s recent trades underscores a calculated move away from traditional sectors in order to concentrate on tech stalwarts positioned at the forefront of AI advancement.
In conclusion, ARK Invest’s February 23 trades illustrate a decisive pivot towards high-potential tech stocks, with an emphasis on AI capabilities, indicating a calculated response to market challenges and opportunities alike.
