Cathie Wood Buys Broadcom and BYD Stock, Sells Kratos Defense

TLDR

• Cathie Wood’s ARK Invest bought 32,408 Broadcom shares worth $10.8 million after the stock fell 5.4% on January 20
• ARK added 205,748 BYD shares valued at $2.53 million, continuing to pivot away from Tesla toward other EV makers
• Wood purchased 577,099 WeRide shares totaling $4.9 million, maintaining focus on autonomous vehicle technology
• ARK sold 171,871 Kratos Defense shares worth $22.12 million across multiple funds
• All four stocks hold “Strong Buy” ratings from analysts, with WeRide showing the highest upside potential

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Cathie Wood’s ARK Invest made several portfolio changes on January 20, according to daily fund disclosures. The moves show continued interest in semiconductor and electric vehicle companies.

ARK purchased 32,408 shares of Broadcom through the ARK Innovation ETF for approximately $10.8 million. Broadcom stock dropped 5.4% on January 20.

Broadcom Inc., AVGO

The decline followed a directive from Chinese regulators on January 15. The guidance instructed companies to stop using foreign software solutions for national security reasons.

Broadcom’s VMware software was included on a list of 12 U.S. and Israeli software vendors targeted by the directive. This regulatory action contributed to the stock’s decline.

Wood Increases BYD Holdings

Wood added 205,748 shares of Chinese electric vehicle maker BYD through the ARK Autonomous Technology & Robotics ETF. The purchase was worth $2.53 million.

BYD stock fell 2.2% on January 20. The company recently surpassed Tesla in global auto sales.

This purchase follows ARK’s sale of $38 million in Tesla stock last week. The transactions suggest a shift in ARK’s EV portfolio strategy.

Wood has been reducing Tesla exposure while increasing positions in other electric vehicle companies. BYD represents a major player in the Chinese EV market.

Autonomous Vehicle Investments Continue

ARK purchased 577,099 shares of WeRide for $4.9 million. WeRide operates a Chinese ride-hailing service platform focused on autonomous vehicles.

The robotaxi company has been expanding operations in Beijing and Guangzhou. WeRide stock declined 4.18% on January 20.

Wood has shown consistent interest in autonomous vehicle technology. Previous purchases include Pony AI, Kodiak Robotics, and Trimble.

Defense Stock Exit

The largest transaction was the sale of 171,871 Kratos Defense shares worth $22.12 million. The sale occurred across three funds: ARKK, ARKQ, and ARKX.

Kratos Defense stock fell 1.56% on the same day. The sale comes during a period of heightened geopolitical tensions.

Defense stocks have received attention due to ongoing international conflicts. Wood’s decision to sell contrasts with broader interest in the defense sector.

According to the TipRanks Stock Comparison Tool, analysts maintain “Strong Buy” ratings on Broadcom, BYD, WeRide, and Kratos Defense. WeRide shows the highest projected upside potential over the next twelve months.

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