ARKW
BLSH
NFLX
The portfolio shuffle nobody on FinTwit can ignore
Cathie Wood was back in the trading chair, and this time the playlist changed from crypto-heavy beats to big-cap tech and biotech. According to BlockBeats, Ark Invest trimmed about $1.21 million of Circle Internet Group and $1.36 million of Bullish, while adding roughly $2.54 million to Netflix and nearly $12 million to Alamar Biosciences.
Less crypto, more “show me the growth”
That’s the kind of move that tells you where the hot hand is pointing. Circle is also dealing with a class-action lawsuit tied to allegations it failed to freeze assets during the Drift Protocol attack, which adds a little extra drama to an already jittery name. Bullish, meanwhile, got the pink-slip treatment too — because apparently even crypto platforms aren’t immune when the mood shifts.
Netflix gets the vote, even after a rough day
The big buy on the consumer-tech side was Netflix, where Ark added 26,161 shares. That’s interesting because Netflix just posted first-quarter revenue of $12.25 billion and profit of $5.28 billion, yet the stock still dropped nearly 10% as investors decided “beat expectations” wasn’t exciting enough.
Big picture: Cathie Wood is still hunting for upside, just with a different shopping list
Alamar Biosciences also got a massive boost, and that’s the tell here: Ark still wants high-growth names, but it’s shifting the mix. If you follow ARKW, this is less about one day’s trade and more about the fund’s constant vibe check on what’s working now versus what looked cool five minutes ago.