**ARK Invest Shifts Portfolio: Sells AMD, Increases Crypto Holdings**
Cathie Wood’s ARK Invest made significant moves on November 13, shifting its portfolio away from semiconductor stocks like AMD and increasing exposure to cryptocurrency-related companies.
**Major Portfolio Changes**
On November 13, ARK sold 87,051 shares of Advanced Micro Devices (AMD), valued at $22.5 million, through the ARK Innovation ETF (ARKK). The sale came just two days after AMD’s 2025 Analyst Day, where the company showcased its strategy for AI and data centers, prompting a 10% surge in AMD’s stock price. At the close of the trading session, AMD’s stock price fell 4% to $247.96, suggesting ARK capitalized on short-term gains following the event.
But AMD wasn’t the only tech holding trimmed. ARK also sold significant positions in:
– **Pinterest:** 572,735 shares sold for $15.6 million
– **Regeneron Pharmaceuticals:** 12,083 shares sold for $8.2 million
– **Salesforce:** 21,974 shares sold for approximately $5.4 million
Combined, these technology stock sales exceeded $29 million.
**Increased Crypto Exposure: Circle Internet & Bitmine Immersion Technologies**
In a clear pivot, ARK ramped up its investment in the cryptocurrency sector. The fund’s largest purchase on November 13 was 188,941 shares of Circle Internet Group—the issuer of stablecoin USDC—across three different ETFs (ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF) for a total of $16.3 million. This marked the second consecutive day of Circle share purchases, signaling ARK’s growing confidence in the digital payments space.
ARK also expanded its crypto infrastructure holdings by purchasing 242,347 shares of Bitmine Immersion Technologies, valued at $9.8 million. Bitmine provides digital infrastructure services for cryptocurrency mining operations, underlining ARK’s strategy of investing in companies supporting blockchain networks.
Altogether, ARK deployed over $26 million into crypto-related stocks in just one trading day, compared to the $22.5 million exited from AMD.
**Biotech Sector Activity**
In addition to technology and crypto moves, ARK continued to grow its positions in the biotechnology sector:
– **Beam Therapeutics:** 140,193 shares purchased for about $3.1 million, extending a weeklong streak of accumulating the gene-editing company’s stock.
– **Recursion Pharmaceuticals:** 261,439 shares added for approximately $1.2 million.
While these biotech investments are smaller than the crypto purchases, they show that ARK is further diversifying across high-growth sectors.
**Summary of ARK’s Trading Activity**
Total trading activity for November 13 exceeded $70 million, marking a decisive shift in ARK Invest’s strategy. The fund is reducing exposure to established semiconductor stocks and large-cap tech while boosting stakes in cryptocurrency payment systems, mining infrastructure, and selectively in biotech companies.
ARK’s latest moves underline its ongoing belief in disruptive innovation, as it reallocates capital into sectors shaping the future of finance and technology.
https://blockonomi.com/cathie-wood-exits-amd-position-invests-26m-in-circle-and-bitmine/