Cathie Wood’s ARK Invest purchased 349K SpaceX shares for $52.1M and added $25.8M in Eli Lilly stock ahead of Q2.
ARK Invest, led by Cathie Wood, acquired 349K shares of SpaceX across four funds for approximately $52.1M during the past week. The firm also invested $25.8M in Eli Lilly, signaling a shift in its portfolio ahead of the second quarter.
The purchases reflect a strategic reallocation, as ARK reduced positions in AMD and Roku. SpaceX and Eli Lilly were among the largest additions by value, highlighting a focus on high-growth sectors like aerospace and healthcare.
No immediate market reaction was reported following the disclosure of the trades.