Cathie Wood-led Ark Invest bought shares in Joby Aviation, Archer Aviation, Nu Holdings and Circle Internet Group on Monday. Ark also reduced positions in the ARK 21Shares Bitcoin ETF, Taiwan Semiconductor Manufacturing and Advanced Micro Devices.
Ark bought 292,119 Joby shares through ARK Autonomous Technology & Robotics ETF (ARKQ) and 141,893 shares through ARK Space & Defense Innovation ETF (ARKX). The Joby purchases totaled 434,012 shares, valued at approximately $2 million using Monday's closing price of $4.69. Joby reported second-quarter revenue of $38.64 million in August, above analysts' estimate of $30.38 million. Joby reported a quarterly loss of 25 cents per share, against an expected loss of 23 cents. Joby increased the company's revenue forecast for full-year 2026 to between $115 million and $125 million.
Ark bought 781,854 Archer shares through ARKQ and 379,750 shares through ARKX. The stated combined purchase was 1,215,866 shares, valued at about $4.8 million using Monday's closing price of $3.94. Archer reported second-quarter revenue of $5 million in August, exceeding estimates of $1.96 million. Archer's loss of 34 cents per share matched expectations, and Archer recorded an adjusted EBITDA loss of $177.1 million. Archer finished the quarter with $1.56 billion in liquidity. Archer announced plans to buy Boeing's Wisk, Insitu and SkyGrid businesses while advancing piloted Midnight flights before planned operations later in 2026.
Ark purchased 76,636 Nu Holdings shares through ARK Blockchain & Fintech Innovation ETF (ARKF), valued at approximately $964,847 using Monday's closing price of $12.59. Nu and other Brazil-based companies listed in the United States declined on Monday after President Luiz Inacio Lula da Silva defeated Flavio Bolsonaro in Sunday's presidential runoff. Lula received 51.8% of the vote, while Bolsonaro received 48.2%. The election outcome reversed investor bets on Brazil's assets made as Bolsonaro gained support. Nu operates a digital bank whose largest customer base is in Brazil. Pantheon Macroeconomics economist Andres Abadia said rebuilding fiscal credibility would be difficult and forecast a weaker Brazilian real and higher local yields. Benzinga Edge rankings place Nu's Momentum score in the 44th percentile.
Ark bought 65,615 Circle shares through ARK Next Generation Internet ETF (ARKW), valued at approximately $5.2 million using Monday's closing price of $79.84. The Office of the Comptroller of the Currency last week finalized a rule implementing the GENIUS Act for payment stablecoin issuance and related activities within the agency's jurisdiction. Needham analyst John Todaro last week retained a Buy rating on Circle, the USDC issuer, and increased the price target from $130 to $134.
Ark sold 85,966 ARK 21Shares Bitcoin ETF (ARKB) shares through ARKF and 515,062 shares through ARKW. The ARKB sales totaled 601,028 shares, valued at approximately $15.9 million using Monday's closing price of $26.48. Veteran analyst Michael Howell said Bitcoin could be exhibiting early signs of improving liquidity and a new bull market. Howell said in a Monday interview that sustained Bitcoin trading above $70,000, combined with improving bank reserves, could support an earlier recovery. However, Howell's base case still put the liquidity bottom in the second half of 2027.
Ark sold 14,737 Taiwan Semiconductor shares through ARKQ and 7,157 shares through ARKX. The Taiwan Semiconductor sales totaled 21,894 shares, valued at approximately $9.3 million using Monday's closing price of $424.37. Moody's Ratings last week raised TSMC's credit rating from Aa3 to Aa2, citing advanced manufacturing leadership, financial strength and increasing AI demand.
Ark sold 16,992 AMD shares through ARKQ and 7,804 shares through ARKX. The AMD sales totaled 24,796 shares, valued at approximately $13.2 million using Monday's closing price of $531.28. AMD is due to release third-quarter results on November 3. Analysts forecast earnings of $1.95 per share, compared with $1.20 a year earlier. Analysts forecast revenue of $13.08 billion, compared with $9.25 billion a year earlier. Susquehanna retained a Positive rating and increased AMD's price target to $620 on October 21. Wedbush retained an Outperform rating and a $600 price target on October 20.
Ark Invest Buys Joby, Archer Aviation, Nu Holdings, and Circle Shares
BenzingaShare
Summary
Ark Invest, managed by Cathie Wood, added shares in Joby Aviation, Archer Aviation, Nu Holdings, and Circle Internet Group on Monday. The firm also cut stakes in the ARK 21Shares Bitcoin ETF news, TSMC, and AMD. The Bitcoin ETF news move shows shifting focus in its portfolio. Positions in ETF news-related assets were reduced, while new holdings in fintech and aviation firms were boosted.
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