Cathie Wood’s Bold Portfolio Shift: Trims Robinhood, Roku, and Shopify While Adding PagerDuty and Intellia

Cathie Wood makes strategic moves—cutting exposure to retail favorites while betting big on enterprise and biotech disruptors.

ARK Investment Management just reshuffled its innovation portfolio in a major way. The famed investor trimmed positions in three high-profile names while loading up on two emerging players.

Robinhood, Roku, and Shopify got the axe—at least partially. Wood's team sold shares across these consumer-facing platforms, signaling potential concerns about retail resilience or valuation ceilings.

Meanwhile, PagerDuty and Intellia Therapeutics caught Wood's attention. PagerDuty—the incident response platform—fits squarely into the enterprise digital transformation narrative. Intellia represents a pure-play bet on CRISPR gene editing's future.

It's classic ARK: selling what's worked to fund what might work next. Because why hold proven winners when you can chase the next moonshot? Wall Street's favorite futurist just placed her newest bets.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Trimming Robinhood, Roku, and Shopify

Wood continued to trim the fund’s position in Robinhood Markets (HOOD), Roku (ROKU), and Shopify (SHOP) stocks. The ARK Fintech Innovation ETF (ARKF) sold 14,914 shares of trading platform Robinhood worth about $1.57 million. Moreover, the ARKF fund trimmed its stake in TV streaming platform Roku, offloading 16,128 shares valued at $1.43 million. Just a day earlier, Wood had sold 80,186 Roku shares for $7.12 million, underscoring her continued shift away from the consumer tech player.

The fund also reduced its stake in Canadian e-commerce platform Shopify, selling 11,711 shares for roughly $1.61 million. These sales potentially reflect a shift in overall strategy or a response to recent developments in the market.

Wood Buys the Dip in PagerDuty and Adds to Intellia

ARK’s largest trade of the day was the purchase of 138,706 shares of cloud-based incident management platform PagerDuty (PD) for about $2.22 million. This follows two previous sessions of steady buying, bringing ARK’s three-day investment in PagerDuty to $7.41 million. Wood appears to be buying the dip in PagerDuty stock, as shares have been trending lower recently as part of the larger tech sell-off.

Meanwhile, Wood continued to accumulate biotech stocks through the ARK Innovation ETF (ARKK) and the ARK Genomic Revolution ETF (ARKG) funds. The renowned hedge fund manager has consistently expressed confidence in gene-editing technologies as a means to develop treatments for rare diseases. On August 21, the two funds purchased $929,620 worth of shares in Intellia Therapeutics (NTLA).

Overall, ARK’s trades show a shift away from consumer tech companies and toward newer growth areas like biotech and enterprise software.

Here’s how these stocks perform on TipRanks’ Stock Comparison Tool: