ARK Boosts Alphabet and Meta Stakes Across Funds, Sells 172K AMD Shares
ARK Invest boosted positions in Alphabet (GOOG.OQ) and Meta Platforms (META) on April 30 across multiple ETFs, including 43,953 shares of Alphabet Class C by ARKK, while selling a total of 172,305 AMD.OQ shares across five funds. Initial reports on May 1 reports highlighted ARKK's buys of 43,953 GOOG.OQ and 26,753 META shares, with later updates detailing ARKQ's 28,180 and ARKX's 11,996 Alphabet additions; ARKK now holds 250,688 Alphabet shares worth $95.7 million (1.48% of portfolio). These moves reflect a tactical rotation toward large-cap AI/ad tech names, potentially signaling institutional demand for GOOG.OQ amid reduced chip exposure.