Cathie Wood Dumps Beam Therapeutics, Loads Up on Netflix Stock

TLDR

Table of Contents

ARK Invest purchased 83,368 Netflix shares for $7.27 million through ARKW ETF on January 21, 2026
The fund sold 135,193 Beam Therapeutics shares worth $4.19 million across multiple ETFs
ARK added $5.98 million in Tempus AI stock across ARKK and ARKG funds
The firm reduced positions in GitLab and Pinterest, selling $2.91 million and $3.02 million respectively
ARK continued autonomous vehicle bets with $945,000 WeRide purchase through ARKQ

ARK Invest released its daily trading activity for January 21, 2026. The moves showed Cathie Wood’s firm making big bets on streaming and artificial intelligence while cutting biotech exposure.

The firm’s biggest trade was a Netflix purchase through ARKW ETF. ARK bought 83,368 shares valued at $7.27 million. The timing came right after Netflix released quarterly results.

Netflix, Inc., NFLX

Netflix reported fourth-quarter revenue of $12.1 billion. This beat analyst expectations of $11.97 billion. The company earned $0.56 per share, topping the $0.55 forecast.

Netflix stock fell 2% that day despite the earnings beat. Investors focused more on the company’s planned acquisition of Warner Bros. Discovery. The all-cash deal dominated market attention over the quarterly numbers.

Biotech and Software Sales

ARK Invest sold its largest position in Beam Therapeutics on the same day. The firm offloaded 135,193 shares through ARKK and ARKG ETFs. The total sale value reached $4.19 million.

The fund also trimmed software holdings. ARK sold 87,999 GitLab shares through ARKW for $2.91 million. This shows reduced interest in certain software companies.

Pinterest was another exit for ARK. The firm sold 118,823 shares worth $3.02 million. Social media holdings have seen cuts across ARK portfolios recently.

Kratos Defense also saw selling pressure. ARK exited 8,646 shares across three ETFs for $1.11 million total.

AI and Autonomous Driving Additions

ARK made a strong push into AI healthcare. The firm bought 89,501 Tempus AI shares for $5.98 million. The purchase split between ARKK and ARKG ETFs.

Tempus AI stock dropped 2.2% on January 21. The company focuses on AI-driven healthcare data analysis. Healthcare providers are adopting these tools more widely.

WeRide received fresh investment from ARK. The autonomous vehicle company saw 111,439 share purchases through ARKQ ETF. The total came to $945,000.

WeRide stock jumped 4.3% on the trading day. The company continues expanding self-driving tests and pilot programs. ARK has made multiple WeRide purchases in recent weeks.

Additional Portfolio Moves

Trimble got attention from ARK’s space-focused fund. ARKX bought 8,817 Trimble shares for $614,000. Trimble makes positioning software for construction and aerospace industries.

Kodiak AI also joined the portfolio. ARKQ purchased 22,426 shares totaling $223,811. This smaller trade aligns with ARK’s focus on emerging AI technologies.

The January 21 trades show ARK balancing growth bets with portfolio rebalancing. Netflix and AI stocks received major investments while biotech and social media saw reductions.

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