By Mackenzie Tatananni
ARK Invest, the asset-management company founded by stockpicker Cathie Wood, has its hands in industries from defense to robotics. The fund made key changes to its holdings this week that included a new stake in a hot semiconductor company and a sale of shares in another trendy name.
A Jan. 8 trading disclosure shows the ARK Next Generation Internet exchange-traded fund added Broadcom to its portfolio through the purchase of 31,573 shares, valued at some $10.5 million based on Thursday's closing price of $332.48. It is the only ARK ETF that currently holds Broadcom stock.
It appears ARK Invest bought a dip in the stock. Broadcom shares fell 3.2% on Thursday alongside a drop in shares of other artificial-intelligence names. The stock rebounded on Friday, and was up 3.7% at $344.84 in midday trading.
The fund also shed 58,741 shares of Palantir Technologies, which were worth around $10.4 million on Thursday, bringing the fund's stake in the data analytics company to 376,629 shares.
Palantir has plenty of supporters and is seen as a beneficiary of the U.S. military action in Venezuela. However, concerns about its sky-high valuation linger.
Separately, the ARK Space & Defense Innovation ETF made changes to its holdings, buying 162,270 shares of Joby Aviation and 73,097 shares of Archer Aviation. Both companies are involved in the development of self-driving electric aircraft.
The transactions could be tied to an announcement on Thursday, when Archer said it would integrate Nvidia chips into its air taxis. The news caused shares to rise 3.4%, and their ascent continued on Friday.
There have been other developments, too. Joby said earlier this week that it expects to double monthly production by 2027 following the purchase of a manufacturing facility in Ohio.
The fund also sold 24,865 shares of Rocket Lab, its second-largest holding behind Kratos Defense & Security. As of Friday, the company held 691,938 Rocket Lab shares, valued at some $58.5 million. Shares in the company, which is viewed as a rival to Elon Musk's SpaceX, roughly tripled in 2025.
Barron's has reached out to ARK Invest for comment on the transactions.
Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
January 16, 2026 21:30 ET (02:30 GMT)
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