TLDR
- Cathie Wood’s ARK Invest sold $1.16 million worth of Shopify shares and $1.13 million in Coinbase stock on Friday
- ARK bought $160,000 worth of PagerDuty shares, continuing a recent buying trend for the cloud software company
- The Shopify sale was ARK’s second in one week, showing a clear pullback from the e-commerce platform
- ARK also sold a small position in Guardant Health worth $58,767
- These trades reflect ARK’s ongoing portfolio adjustments across tech and crypto holdings
Cathie Wood’s ARK Invest executed multiple trades on Friday, August 22, 2025, selling positions in major technology names while adding to a cloud software holding. The moves show continued portfolio adjustments across the fund family’s tech-focused strategies.
The ARK Next Generation Internet ETF sold 8,476 shares of Shopify worth approximately $1.16 million. This marked the second Shopify sale in less than a week for the fund.
Just one day earlier, the same fund had sold 11,711 Shopify shares valued at $1.61 million. The back-to-back sales indicate a deliberate reduction in the Canadian e-commerce company’s weighting.
Coinbase Position Also Trimmed
ARK also reduced its cryptocurrency exposure by selling 3,769 Coinbase shares worth around $1.13 million. The cryptocurrency exchange has been a core holding for ARK’s funds in recent years.
Coinbase stock has faced volatility as crypto markets have fluctuated. The sale comes as the company continues to navigate regulatory challenges in the United States.
The timing of both sales occurred as both stocks were trading higher. Shopify closed Friday up 3.97% while Coinbase gained 6.52%.
PagerDuty Purchases Continue
While trimming other positions, ARK Innovation ETF added 10,150 shares of PagerDuty worth $160,000. The cloud-based incident management company has become a focus for the fund recently.
This purchase extends a buying pattern for PagerDuty that has occurred over several trading sessions. The consistent purchases suggest growing conviction in the company’s business model.
PagerDuty helps organizations manage digital operations and respond to system incidents. The company serves enterprise customers across various industries.
Despite ARK’s interest, PagerDuty stock has declined 8.4% year-to-date. The stock closed Friday up 5.89%.
The fund also made a smaller move in healthcare, selling 959 shares of Guardant Health for $58,767. The precision oncology company represents a smaller position in the portfolio.
These transactions reflect ARK’s active management approach across its ETF lineup. The funds regularly adjust holdings based on the firm’s research and market conditions.
Wood’s investment philosophy focuses on companies benefiting from technological innovation. The recent trades show continued refinement of positions across e-commerce, cryptocurrency, and enterprise software sectors.
