Cathie Wood’s ARK Invest ETFs (exchange-traded funds) continue to increase their stake in CoreWeave (CRWV), signaling rising conviction in the AI-focused cloud infrastructure firm. In its latest filing dated November 25, ARK purchased 396,198 CRWV shares worth about $28.2 million, even as the stock fell about 3% on Tuesday amid concerns tied to its reliance on Nvidia (NVDA) GPUs. This comes just a day after another sizable purchase of 437,345 shares valued at roughly $31.3 million.
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The recent buys show steady confidence in CoreWeave’s long-term growth, backed by rising demand for AI compute power and new multi-year contracts with major tech customers. Even so, shares have faced selling pressure, dropping nearly 48% over the past month. Instead of stepping back, ARK has been using the pullback to accumulate more shares. Against this backdrop, it’s worth examining who the top stakeholders in CoreWeave are.
Now, according to TipRanks’ ownership page, public companies and individual investors own 76.58% of CRWV. They are followed by insiders, ETFs, mutual funds, and other institutional investors, at 17.25%, 3.25%, 1.72%, and 1.24%, respectively.
Digging Deeper into CRWV’s Ownership Structure
Looking closely at top shareholders, CW Opportunity LLC owns the highest stake in CoreWeave at 7.77%. Following that is Philippe Laffont, who owns about 4.68% of the company.
Among the top ETF holders, the Vanguard Extended Market ETF (VXF) owns a 0.62% stake in CoreWeave, while the Vanguard Growth ETF (VUG) owns 0.44%.
Moving to mutual funds, Vanguard Index Funds hold about 0.92% of CRWV. Meanwhile, J.P. Morgan Mutual Fund Investment Trust owns 0.26% of the company.
Is CRWV a Good Stock to Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on CRWV stock based on 12 Buys, 11 Holds, and one Sell assigned in the past three months. Further, the average CoreWeave stock price target of $148.32 per share implies about 108% upside potential.
