This article first appeared on GuruFocus.
Cathie Wood shifted several positions across her ARK ETFs on Dec. 4, moving money out of two Mega tech names and into mid-cap growth stocks.
ARK sold 14,211 shares of Meta (NASDAQ:META) for about $9.1 million. The firm also trimmed its Tesla (NASDAQ:TSLA) stake by unloading 7,478 shares valued at roughly $3.3 million. The cuts follow a series of recent reductions that show a steady move away from large-cap tech after a strong year.
The most notable buy involved Trade Desk (NASDAQ:TTD). ARK purchased 204,354 shares worth about $7.9 million across multiple funds, signalling interest in digital advertising platforms as marketing budgets shift toward more targeted tools.
ARK also continued to scale back its position in Iridium Communications (NASDAQ:IRDM), selling about $4 million in shares across ARKK, ARKQ and ARKX.
Additional activity included purchases of the ARK 21Shares Bitcoin ETF (ARKB), WeRide (NASDAQ:WRD), Pure Storage (NYSE:PSTG) and GeneDx (WGS).
The mixed moves suggest a rotation toward sectors Wood views as better positioned for the next phase of growth, though market conditions may influence how these allocations evolve.