TLDR
- ARK Investment purchased 236,289 DraftKings shares valued at $7.9 million on October 14, 2025
- The fund acquired L3Harris Technologies stock worth $2.6 million in aerospace and defense sector
- ARK sold Roblox shares worth $3.9 million, continuing its exit from the gaming platform
- Rocket Lab holdings were reduced with a $3.5 million sale of space technology stocks
- DraftKings operates sports betting in 28 states with a $17.06 billion market capitalization
Cathie Wood’s ARK Investment Management completed several portfolio changes on October 14, 2025. The fund’s largest transaction was a DraftKings purchase totaling 236,289 shares for $7,934,584.
DraftKings began operations in 2012 as a daily fantasy sports company. The business expanded after a 2018 Supreme Court decision legalized state-level online sports betting.
The company now provides sports betting services in 28 states. It offers i-gaming in 5 states. Canadian operations reach approximately 40% of that country’s population.
Revenue breakdown for 2024 shows sports betting at 61% of total sales. I-gaming contributed 32%. Fantasy and lottery services made up 7% of revenue.
DraftKings currently holds a $17.06 billion market capitalization. The company operates within the consumer cyclical sector.
Aerospace and Additional Acquisitions
ARK Invest purchased 8,901 shares of L3Harris Technologies for $2,611,731. The company specializes in aerospace and defense technology manufacturing.
Other purchases included 4,823 DoorDash shares for $1,319,186. The fund bought 2,966 Deere & Co shares for $1,302,400.
ARK’s investment strategy focuses on disruptive technology companies. These purchases reflect continued interest in tech-enabled services and industrial innovation.
Gaming and Space Sector Exits
The fund sold 30,276 Roblox shares for $3,882,594. This sale extends a multi-week trend. ARK has been consistently reducing its Roblox position.
Roblox operates as a user-generated gaming platform. The stock has faced selling pressure from ARK in recent trading sessions.
ARK divested 53,917 Rocket Lab shares for $3,527,250. Rocket Lab provides commercial space launch services and spacecraft manufacturing.
The fund sold 3,890 AeroVironment shares totaling $1,594,238. AeroVironment manufactures unmanned aircraft systems.
ARK continued reducing Brera Holdings exposure. The fund sold 23,659 shares for $367,187.
Portfolio Strategy Shifts
These transactions demonstrate Wood’s active portfolio management approach. The fund targets companies with growth potential in emerging markets.
The DraftKings investment signals confidence in online betting expansion. Sports betting legalization continues across additional states.
L3Harris acquisition shows sustained interest in defense technology. The aerospace sector maintains strong government contract pipelines.
Roblox exits suggest portfolio rebalancing. The gaming sector has experienced valuation pressures.
Space industry positions were trimmed through Rocket Lab sales. ARK appears to be adjusting exposure to commercial space ventures.
The fund’s daily trading activity provides insight into current investment priorities. DraftKings received the largest capital allocation of the day. Defense technology and food delivery services gained positions. Gaming platforms and space companies saw reduced holdings.
ARK Investment Management oversees multiple exchange-traded funds. The firm specializes in thematic investing across technology sectors. Portfolio adjustments reflect changing views on industry growth trajectories and competitive positioning.
