Cathie Wood Adds CoreWeave and Circle Stock in Monday Trading Session

TLDR

• Cathie Wood’s ARK Invest bought 437,345 CoreWeave shares worth $31.3 million on Monday, continuing a multi-day buying streak in the AI cloud provider
• ARK also purchased shares in CRISPR Therapeutics ($2.1 million), Circle Internet Group ($588,000), and Bullish ($517,000) to boost crypto exposure
• Wood sold 646,911 GitLab shares valued at $26.8 million, marking another day of reducing the software position
• CoreWeave stock has dropped 44% in the past month despite revenue expected to jump from $5 billion in 2025 to $12 billion in 2026
• ARK also trimmed positions in Reddit, Iridium Communications, and Ibotta during Monday’s trading session

Cathie Wood’s ARK Invest made big moves in its portfolio on Monday, November 24. The firm bought 437,345 shares of CoreWeave worth about $31.3 million. This marks another day of heavy buying in the AI cloud provider.

CoreWeave, Inc. Class A Common Stock, CRWV

The purchase continues a pattern from recent trading sessions. On Friday, ARK bought 350,734 CoreWeave shares valued at roughly $24.27 million. The consistent buying shows Wood’s confidence in the company despite recent stock weakness.

CoreWeave has faced pressure in recent weeks. The stock has fallen about 44% over the past month. ARK appears to be using the price drop as an opportunity to add to its position.

The AI infrastructure company went public in March at $40 per share. The stock climbed to $187 in late June before pulling back. It now trades around $73.60.

CoreWeave provides data center solutions for AI workloads. The company started eight years ago when founders bought GPUs to mine Ethereum. When crypto crashed, they bought discounted GPUs from failed mining firms and pivoted to serve the AI market.

Revenue growth has been strong for CoreWeave. The company generated $1.9 billion in revenue last year. It expects to exceed $5 billion this year.

Analysts project revenue will more than double to $12 billion in 2026. The company had a revenue backlog of $55.6 billion at the end of June. This backlog was 271% higher than a year earlier.

Wood Adds Crypto and Biotech Names

ARK also bought 42,404 shares of CRISPR Therapeutics worth about $2.1 million on Monday. The firm continues to build its position in the gene-editing company.

Wood increased her crypto exposure with two purchases. ARK bought 8,246 shares of Circle Internet Group worth about $588,000. The firm also purchased 13,402 shares of Bullish valued at roughly $517,000.

Circle went public in 2025 at $31 per share. The stock now trades around $72.74, up 135% from its IPO price. The company issues stablecoin products and provides blockchain solutions.

Circle’s revenue rose 66% in its latest quarter. Wood has added to her Circle stake for five straight trading days.

GitLab Sales Continue

ARK sold 646,911 shares of GitLab on Monday. The sale was worth about $26.8 million. This follows Friday’s sale of 670,144 GitLab shares valued at about $28.49 million.

The repeated sales suggest ARK is gradually reducing its GitLab position. The software company has seen steady selling from the fund.

ARK also trimmed other positions on Monday. The firm sold 179,578 shares of Iridium Communications worth $2.88 million. It sold 62,100 shares of Ibotta worth $1.38 million and 100 shares of Reddit worth about $18,000.

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