Cathie Wood’s ARK Invest continued adjusting its exchange-traded fund portfolios on Tuesday by increasing its stake in SpaceX (NASDAQ:SPCX) while reducing exposure to several other companies. The firm’s official daily trading disclosures show that its funds collectively purchased 105,108 shares of SpaceX, a transaction valued at roughly $12.2 million.
SpaceX shares advanced 2.56 percent that session to close at $116.41. Even with the daily gain, the stock has declined about 29 percent over the past month amid ongoing post-listing volatility.
ARK has repeatedly added to the position in recent weeks, reflecting sustained conviction in the company’s long-term potential in reusable rocketry, satellite networks, and related infrastructure.
At the same time, the investment firm trimmed holdings in three other names. It sold approximately $2.3 million of Block Inc. shares, $1.6 million of Bullish, and $4 million of Robinhood Markets.
These reductions form part of ARK’s routine rebalancing activity, which aims to keep individual positions from exceeding roughly 10 percent of any single fund’s assets as valuations shift.On the day of the trades, Block closed higher by 2.29 percent at $83.10.
Bullish slipped 0.48 percent to $22.69, while Robinhood fell 3 percent to finish at $92.76.
ARK also recorded smaller purchases, including about $289,000 of Bitmine shares and roughly $33,000 of the 3iQ Solana Staking ETF.
ARK Invest has long focused on companies it views as drivers of disruptive innovation across technology, space, robotics, and digital finance.
The latest activity continues a pattern of selectively reinforcing exposure to SpaceX during periods of price weakness while dialing back certain fintech and digital asset related holdings.
Market participants often monitor these daily disclosures closely because they offer timely insight into how one of the more actively managed innovation-focused asset managers is positioning its portfolios.
Taken together, the moves illustrate ARK’s ongoing preference for thematic high-conviction bets over static allocations. By adding SpaceX shares and reducing stakes in Block, Bullish, and Robinhood, the firm is fine-tuning its exposure across growth sectors in response to recent price action and portfolio-weighting targets.
