TLDR
- Cathie Wood’s ARK Invest bought $10.8 million worth of Broadcom stock after shares fell 5.4% on January 20
- ARK purchased $2.53 million in BYD shares, shifting further from Tesla into Chinese electric vehicles
- Wood invested $4.9 million in WeRide stock, maintaining focus on autonomous driving technology
- ARK divested $22.12 million in Kratos Defense shares across multiple funds
- All four stocks carry “Strong Buy” analyst ratings with WeRide offering highest projected returns
Cathie Wood’s investment firm ARK Invest completed several transactions on January 20, based on official fund filings. The trades demonstrate continued confidence in chip makers and electric vehicle stocks.
ARK Innovation ETF bought 32,408 shares of Broadcom for approximately $10.8 million. The semiconductor company’s shares fell 5.4% during the trading session.
Chinese authorities released guidance on January 15 telling companies to stop using foreign software citing national security. The directive named 12 U.S. and Israeli software companies including Broadcom’s VMware division.
This regulatory action contributed to downward pressure on Broadcom shares. Wood’s team purchased shares during the decline.
Electric Vehicle Portfolio Shifts
ARK Autonomous Technology & Robotics ETF acquired 205,748 shares of BYD worth $2.53 million. BYD stock decreased 2.2% on January 20.
The Chinese manufacturer recently overtook Tesla in worldwide vehicle sales. This represents a change in global electric vehicle market leadership.
Wood sold $38 million of Tesla stock during the prior week. The timing suggests strategic repositioning within the EV sector.
ARK has been decreasing Tesla exposure across its funds. Wood is building positions in alternative electric vehicle manufacturers instead.
BYD produces both fully electric and hybrid vehicles. The company expanded production capacity internationally over the past year.
Autonomous Vehicle Investments
ARK purchased 577,099 shares of WeRide totaling $4.9 million. The Chinese company operates self-driving ride-hailing services.
WeRide runs robotaxi operations in Beijing and Guangzhou. The stock declined 4.18% on January 20.
Wood has consistently invested in autonomous driving technology. ARK holds positions in several companies developing self-driving systems.
The autonomous vehicle industry continues developing commercial applications. Cities in China and the United States are testing robotaxi services.
Defense Stock Sale
ARK sold 171,871 shares of Kratos Defense valued at $22.12 million. The transaction occurred across ARKK, ARKQ, and ARKX funds.
Kratos Defense shares fell 1.56% that day. The sale happens while global tensions remain elevated.
Defense industry stocks have attracted investor interest recently. Wood’s decision to exit runs counter to this trend.
ARK’s recent trading activity shows focus on AI infrastructure and transportation technology. Wood increased positions in Advanced Micro Devices, Taiwan Semiconductor, and multiple autonomous vehicle companies last week.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
