Cathie Wood-led Ark Invest made significant trades on Tuesday with notable activity in Bullish (NYSE:BLSH), Robinhood Markets Inc. (NASDAQ:HOOD), and Tempus AI Inc. (NASDAQ:TEM).
The Bullish Trade
Ark Invest’s ARK Innovation ETF (BATS:ARKK) acquired 356,346 shares of Bullish, valued at approximately $21.2 million based on the closing price of $59.51.
Bullish, backed by Peter Thiel, had an impressive IPO debut, opening at $90.45, significantly above its IPO price of $37. The stock experienced a surge, leading to a trading halt due to volatility, with a market cap exceeding $16 billion.
Last week, Wood poured $172.22 million into Bullish, which competes with the likes of Coinbase and allows users to trade in digital assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
The Robinhood Trade
The ARKK ETF purchased 150,908 shares of Robinhood, amounting to around $16.2 million at the closing price of $107.50.
On Monday, Ark Invest acquired 123,336 shares of Robinhood, valued at approximately $14.2 million, as the trading platform’s leadership devised an ‘Apocalypse Squad’ strategy.
The Tempus AI Trade
Ark Invest’s ARKK ETF sold 113,952 shares of Tempus AI, valued at about $8.3 million based on the closing price of $73.08.
Tempus AI, a leader in AI-driven precision medicine, recently reported its second-quarter 2025 financial results. Revenue during the period increased 89.6% year-over-year to $314.64 million, surpassing estimates of $296.85 million.
Tempus AI emerged as one of the biggest drivers of ARKK's 2025 rally, soaring 124% year-to-date and becoming a top holding in the fund. Unlike the speculative surge of 2020, ARKK's gains were fueled by real-world applications of AI, robotics, and gene sequencing.
Other Key Trades:
- Ark Invest’s ARKG ETF bought 30,610 shares of Beam Therapeutics Inc (BEAM) while ARKK purchased 509,618 shares.
- 215,146 shares of CRISPR Therapeutics AG (CRSP) were acquired by ARKK and 8,657 shares were purchased by ARKG.
- Ark Invest’s ARKW ETF sold 218,031 shares of Genius Sports Ltd (GENI).
- Ark Invest’s ARKX ETF purchased 2,261 shares of L3Harris Technologies Inc (LHX).
- ARKK and ARKQ sold 1,775 and 4,080 shares, respectively, of Deere & Co. (DE).
Benzinga’s Edge Stock Rankings indicate Tempus AI checks out on Short, Medium and Long Price Trends. Here is how other AI heavyweights compare.
Photo Courtesy: Ira Lichi On Shutterstock.com
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
