Cathie Wood Invests $4M in Intellia Therapeutics, Trims Stakes in Roku and DraftKings

Cathie Wood's ARK Invest has invested $4 million in Intellia Therapeutics, a biotech company, while trimming stakes in Roku and DraftKings. The move highlights ARK's confidence in the biotech sector and potential reallocation away from digital sports betting and gaming. Intellia has gained 56% in the past three months, while Roku and DraftKings shares have risen 31.2% and 29.7% year-to-date, respectively.

Cathie Wood's ARK Invest has made significant moves in its portfolio, indicating a strategic shift towards the biotechnology sector and cryptocurrency markets. The latest trades highlight ARK's confidence in Intellia Therapeutics, a biotech company, while trimming stakes in Roku and DraftKings.

On Thursday, August 28, 2025, ARK Invest purchased $4 million worth of Intellia Therapeutics shares, adding to its growing position in the gene-editing company. This move underscores ARK's bullish outlook on Intellia's long-term prospects, as the stock has gained over 56% in the past three months [4].

Conversely, ARK has been reducing its exposure to Roku and DraftKings. On the same day, ARK sold 55,624 shares of Roku for about $5.35 million and 54,679 shares of DraftKings for about $2.61 million across three ETFs. These sales continue a pattern of trimming exposure to these companies, suggesting a potential reallocation away from digital sports betting and gaming [4].

ARK's recent trading activities reflect a broader trend of increasing its biotech holdings and expanding its cryptocurrency portfolio. In the past week, ARK purchased $15.6 million worth of Bitmine stock, further bolstering its Ethereum holdings. This acquisition comes as Bitmine's stock has surged over 490% year-to-date, despite a recent dip [5].

Investors and market watchers will be closely monitoring ARK's trades, as they can often influence market sentiment around the targeted stocks. The transparency of ARK's daily trade reports provides unique insights into the investment strategies of one of the most closely followed fund managers in the industry.

References:
[1] https://www.investing.com/news/company-news/cathie-woods-ark-buys-intellia-stock-trims-draftkings-position-93CH-4217460
[2] https://www.tipranks.com/news/cathie-wood-adds-over-11m-in-biotech-stocks-reduces-stakes-in-roku-and-draftkings
[3] https://www.benzinga.com/news/25/08/47374560/cathie-woods-raises-wager-on-ethereum-hoarding-bitmine-ark-buys-stock-of-tom-lee-backed-company-dumps-shares-of-sports-betting-giant
[4] https://www.tipranks.com/news/cathie-wood-invests-4m-in-this-biotech-stock-trims-stakes-in-roku-and-draftkings
[5] https://www.ainvest.com/news/cathie-wood-ark-invest-purchases-15-6m-bitmine-stock-strengthening-ethereum-holdings-2508/