ARK adds Circle, SpaceX, Coinbase and Cloudflare while trimming Roblox in latest ARKK rebalance

ARK Invest's flagship ARKK fund added 114,134 Cloudflare shares, 313,764 Circle Internet Group shares, 114,815 SpaceX shares, 59,668 Coinbase shares, 16,340 Cerebras Systems shares and 70,171 Intellia Therapeutics shares, while selling 101,539 Snowflake shares, about 1.59 million Roblox shares and a smaller Brera Holdings stake. Based on the latest cited prices, the Circle, SpaceX and Coinbase purchases were worth about $45.37 million, with stablecoin company Circle the largest at roughly $20.92 million, followed by SpaceX at about $15.28 million and Coinbase at around $9.17 million. The report said SpaceX shares later rose 15.83% to $133.11 after quarterly revenue of $7.81 billion topped a $6.9 billion Wall Street forecast and was up 92% from $4.1 billion a year earlier, prompting Argus to upgrade the stock to Buy from Hold with a $160 price target while Morgan Stanley reiterated $300 guidance.

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