Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio moves on Tuesday, January 20, as revealed in daily fund disclosures. These trades underscore ARK’s continued optimism about the electric vehicle (EV) and semiconductor sectors, despite chip shortages and softening auto demand.
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Broadcom Stock (AVGO) – Wood purchased 32,408 shares of chipmaker Broadcom through the ARK Innovation ETF (ARKK) for about $10.8 million. AVGO shares fell 5.4% yesterday, amid a Chinese regulator’s directive to stop using foreign software solutions on national security grounds. Broadcom’s VMware software was among the list of 12 U.S. and Israeli software vendors targeted on January 15.
BYD Co. Stock (BYDDF) – Wood also continued accumulating shares of Chinese EV leader BYD, adding 205,748 shares worth $2.53 million through the ARK Autonomous Technology & Robotics ETF (ARKQ). BYD surpassed auto sales of American EV giant Tesla (TSLA), crushing its global dominance. BYDDF shares dipped 2.2% on January 20. This move follows ARK’s sale of $38 million in Tesla stock last week, signaling a pivot toward other EV players.
WeRide Stock (WRD) – Wood has shown a strong interest in autonomous vehicle (AV) technology. The ARKQ ETF purchased 577,099 shares of Chinese ride-hailing service platform WeRide, totaling $4.9 million. The robotaxi company has been expanding its fleet and operations in Beijing and Guangzhou.
Kratos Defense (KTOS) – The largest trade of the day was the sale of 171,871 shares of Kratos Defense & Security Solutions, worth $22.12 million. The sale was made through the ARKK, ARKQ, and ARKX funds. Wood’s move comes as a surprise since defense stocks have been in the news due to the ongoing geopolitical tensions involving Iran and Greenland.
Wood’s Strategic Portfolio Shuffle
Let’s see how these stocks perform using the TipRanks Stock Comparison Tool:
Currently, analysts have a “Strong Buy” consensus rating on all four stocks, with WRD stock offering the highest upside potential over the next twelve months.
