Cathie Wood Boosts SoFi Stake Amid Stock Offering, Cuts Roku and Joby Stakes

Cathie Wood's ARK Innovation ETF (ARKK) purchased 328,531 shares of SoFi Technologies (SOFI) worth $7.36 million, despite the company's recent stock offering. ARK also bought shares of PagerDuty (PD), a cloud software firm. Wood trimmed her position in Roku (ROKU) and Joby Aviation (JOBY), possibly due to competition and high costs in the streaming and air taxi industries.

Cathie Wood's ARK Innovation ETF (ARKK) executed notable trades on Wednesday, July 30, 2025, reflecting strategic adjustments in the technology sector. The ETF purchased 328,531 shares of SoFi Technologies Inc (NASDAQ:SOFI) worth $7.36 million, despite the company's recent stock offering [1]. This move signals a vote of confidence in the online personal finance company.

ARKK also bought shares of PagerDuty Inc (NYSE:PD), a cloud computing company that provides a platform for real-time operations. The ETF acquired 221,558 shares across its ARKK and ARKW ETFs, totaling $3.64 million [1]. This investment underscores ARK's continued interest in the digital transformation space.

On the sell side, ARKK trimmed its position in Roku Inc (NASDAQ:ROKU) and Joby Aviation Inc (NYSE:JOBY). The ETF sold 67,193 shares of Roku, valued at $6.07 million, and 57,739 shares of Joby Aviation, worth $975,211 [1]. These sales may indicate a strategic shift or a response to market conditions in the streaming device and air taxi industries, respectively.

These trades highlight ARK's evolving investment thesis as it navigates the dynamic tech landscape. Investors following ARK's movements will note the mix of buys and sells, reflecting Wood's strategic adjustments to the ETFs' portfolios.

References:
[1] https://www.investing.com/news/company-news/cathie-woods-ark-buys-sofi-pagerduty-stock-sells-roku-joby-aviation-93CH-4161567