Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made several notable portfolio adjustments on Thursday, September 18, according to the funds’ daily disclosures. The ace hedge fund manager made a new purchase of multi-club sports owner Brera Holdings Plc (BREA) as part of the company’s transformation into Solmate. The company completed a $300 million private placement, which was oversubscribed with the backing of UAE-based Pulsar Group, RockawayX, and ARK Invest.
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Meanwhile, Wood continued investing in the biotech space, adding positions in Arcturus Therapeutics Holdings Inc (ARCT). The ARK Genomic Revolution ETF (ARKG) purchased 23,607 shares of Arcturus and 68,720 shares of ATAI Life Sciences NV (ATAI).
ARK funds also made smaller investments in other stocks, including shares of unmanned aerial vehicle manufacturer AeroVironment Inc. (AVAV), Chinese internet giant Baidu (BIDU), and autonomous mobility company Pony AI (PONY).
Wood Reduces Stakes in Roku and Tempus AI
On the sell side, TV streaming platform Roku (ROKU) was the largest sale of the day. The ARK Innovation ETF (ARKK) sold 47,474 ROKU shares for $4.67 million. Wood has been consistently trimming the fund’s stake in ROKU, capitalizing on the current surge in its share price. Following these repeated sales, ROKU has dropped to the third-largest holding across ARK’s combined portfolios, down from the second spot, with a 5.03% weighting.
Moreover, Wood offloaded a major chunk of shares in health tech company Tempus AI (TEM), selling 43,157 shares for roughly $3.73 million.
Wood Snaps Up 6.5M Shares of Brera
The largest trade of the day was the purchase of 6,500,001 shares of Brera Holdings, totaling $49.72 million. These shares were purchased through the ARKK fund, the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF).
Brera Holdings is transforming its business model into a Solana-based digital asset treasury and cryptocurrency infrastructure company. The rebranded company, Solmate, plans to set up Solana-based infrastructure in the UAE, including servers in Abu Dhabi to support validator operations, while continuing Brera’s sports ownership business. Validators are computers in a blockchain network that check and approve transactions to keep the network secure and accurate.
Solmate has signed a letter of intent (LOI) with the Solana Foundation to get $SOL at preferred pricing and aims to list its shares on both Nasdaq and UAE stock exchanges.
The new company will be led by former Kraken chief legal officer Marco Santori, and the board will comprise notable figures, including economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer. Year-to-date, BREA stock has surged over 200%, primarily driven by the announcement of this transformation.
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