BlockBeats news, on April 18, Ark Invest founder Cathie Wood adjusted her portfolio yesterday, selling approximately $2.57 million in cryptocurrency-related stocks while increasing positions in traditional technology and biotechnology sectors. Specifically, she reduced holdings on that day:
· 11,465 shares of Circle Internet Group, approximately $1.21 million
· Bullish 31,417 shares, approximately $1.36 million
Among them, Circle is facing class-action litigation pressure for failing to freeze related assets during the Drift Protocol attack; Bullish, meanwhile, saw its stock price rise approximately 5% amid market recovery driven by easing tensions in the Middle East.
Meanwhile, Wood shifted to increasing her holdings:
26,161 shares of Netflix, approximately $2.54 million
Alamar Biosciences: 537,463 shares, approximately $11.96 million
Notably, although Netflix reported first-quarter revenue of $12.25 billion and profit of $5.28 billion, its stock fell nearly 10% on the day due to results that only slightly exceeded expectations; Alamar, on the other hand, surged approximately 33% on its Nasdaq debut, reaching a market capitalization of $1.53 billion.