Cathie Wooden, head of Ark Funding Administration, is finest recognized for betting on early-stage tech names and high-growth innovators. However often she makes a transfer into the megacap area when she sees worth.
That’s what Wooden did up to now week (Thanksgiving Week), including about $56 million value of a megacap tech identify, one in all her largest latest purchases.
Wooden gained a status after the Ark Innovation ETF delivered a 153% return in 2020. Yr-to-date, Wooden’s flagship Ark Innovation ETF (ARKK) is up about 38% as of Nov. 28, outpacing the S&P 500’s achieve of 16.45% in the identical interval.
Wooden’s fashion brings candy wins in rising markets but in addition painful losses in bearish ones, as seen in 2022, when the fund misplaced greater than 60%.
These swings have weighed on her long-term outcomes. As of Nov. 26, the Ark Innovation ETF has delivered a five-year annualized return of -6.18%, whereas the S&P 500 has an annualized return of 15.28% over the identical interval, based on knowledge from Morningstar.
Within the 12 months by means of Nov. 27, the Ark Innovation ETF noticed roughly $1.3 billion in web outflows.
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Cathie Wooden’s funding technique defined
Wooden’s funding technique is simple: Her Ark ETFs usually goal rising high-tech corporations in fields resembling synthetic intelligence, blockchain, biomedical know-how, and robotics.
In Wooden’s view, these corporations might reshape the world and drive sturdy long-term progress, but their volatility results in large fluctuations within the values of Ark funds.
Associated: Cathie Wooden’s web value: The Ark Make investments CEO’s wealth & revenue
From 2014 to 2024, the Ark Innovation ETF worn out $7 billion in investor wealth, based on an evaluation by Morningstar’s analyst Amy Arnott. That made it the third-biggest wealth destroyer amongst mutual funds and ETFs in Arnott’s rating.
In October, Wooden stated in a CNBC interview that she expects to see a market “shudder” as rates of interest start to rise.
Nonetheless, Wooden believes within the potential of AI, denying the “AI bubbles” speak amid considerations in regards to the excessive valuations of tech shares.
“I do not believe AI is in a bubble,” Wooden stated. “ What I do think is, on the enterprise side, it is going to take a while for large corporations to prepare themselves to transform…in order to really capitalize on the productivity gains that we think are going to be unleashed by AI.”
Not all buyers agree with Wooden. Within the 12 months by means of Nov. 27, the Ark Innovation ETF noticed roughly $1.3 billion in web outflows, based on ETF analysis agency VettaFi.
Cathie Wooden buys $56 million of Alphabet inventory
On Nov. 25, Wooden’s Ark funds purchased 174,293 Alphabet (GOOG) Class C inventory, valued at roughly $55.77 million. On the day of buy, Alphabet inventory rose to a file excessive of $328.67 in intraday buying and selling amid reviews saying it might promote AI chips to Meta Platforms (META).
Wooden has been steadily including to her Google stake this yr, buying 210,430 shares to date. Most of that purchasing got here within the third quarter, when she purchased roughly 205,000 shares, based on Stockcircle’s knowledge.
Alphabet is just not within the prime ten holdings of the Ark Innovation ETF.
High 10 holdings of the Ark Innovation ETF as of November 28, 2025:
- Tesla (TSLA) – 12.12%
- Tempus AI (TEM) – 5.51%
- Coinbase (COIN) – 5.48%
- Roku (ROKU) – 5.43%
- Crispr Therapeutics (CRSP) – 5.31%
- Shopify (SHOP) – 5.02%
- Robinhood (HOOD) – 4.60%
- Roblox (RBLX) – 3.80%
- Palantir (PLTR) – 3.48%
- AMD (AMD) – 3.43%
Meta is in talks to purchase billions of {dollars} of Google (GOOG) chips beginning in 2027, based on Reuters. The transfer would place Alphabet, Google’s guardian firm, as a direct challenger within the knowledge middle processor market, which Nvidia presently leads.
Meta is contemplating utilizing Google’s tensor processing items (TPUs) in its personal knowledge facilities and may lease Google Cloud chips as early as subsequent yr.
The chip deal would finish Google’s lengthy apply of preserving TPUs inside its personal knowledge facilities and open the door to a broader business market. It might additionally cut back Google’s dependence on Nvidia’s pricy chips.
Associated: Analyst revisits Nvidia inventory after Google-Meta information
“Custom XPU expanding footprint provides Google and Amazon with cost advantages in AI infrastructure,” stated Citi analyst Atif Malik in a be aware emailed to TheStreet.
“Hyperscalers Microsoft and Meta remain reliant on Nvidia platforms (and, selectively, AMD), as their own custom programs like MTIA and Maia appear to be encountering delays,” Malik added.
Alphabet shares rose 1.53% on Nov. 25, the day Wooden made the $56 million buy. However the inventory misplaced 1% on Nov. 26 and fell 0.05% on Nov. 28.
Alphabet inventory is up roughly 69% year-to-date.
Associated: Cathie Wooden buys $16.7 million of megacap AI inventory
