Cathie Wood’s ARK Invest Shifts Focus to Gaming and AI, Reduces Meta and Biotech Exposure
ARK Invest, led by Cathie Wood, executed significant portfolio adjustments on January 6, 2026, signaling a strategic pivot toward gaming and artificial intelligence. The firm acquired 169,130 shares of Roblox Corporation, valued at $13.7 million, across three of its ETFs—ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. This MOVE underscores growing institutional confidence in the metaverse and interactive entertainment sectors.
Simultaneously, ARK divested $12.7 million worth of Meta Platforms shares, reducing exposure to the social media giant. The reallocation extends to emerging technologies, with $409,000 deployed into Kodiak AI through ARK's robotics ETF. Healthcare holdings saw notable reductions, including $1.8 million in Guardant Health and $568,000 in Ionis Pharmaceuticals liquidated.
The trades reflect a broader institutional trend favoring disruptive technologies over traditional web2 platforms and biotech. Roblox's consistent presence in ARK's growth strategy highlights the firm's conviction in VIRTUAL economies, while the AI purchases align with accelerating enterprise adoption of machine learning solutions.
