ARK Invest sold roughly $163 million worth of stock on Monday, June 15, 2026, as Cathie Wood’s firm rebalanced its portfolio to fund a major new position following SpaceX’s record-breaking initial public offering.
The largest sale was 665,136 shares of Roku Inc., worth approximately $95.5 million. ARK also divested 141,408 shares of Advanced Micro Devices Inc. across multiple funds, totaling $72.3 million in AMD sales, according to Investing.com Canada’s analysis of ARK’s daily trade filings.
Beyond Roku and AMD, ARK trimmed positions in several other holdings. The firm sold 44,488 shares of Tesla worth $18.1 million, 53,496 shares of 10X Genomics for $15.4 million, and 46,783 Amazon shares valued at $11.2 million. Additional sales included Palantir Technologies, Veracyte, CoreWeave, and Iridium Communications.
The sales provided capital for ARK’s aggressive entry into SpaceX following its June 15 IPO, the largest initial public offering of all time with $75 billion in new share issuance. ARK Invest built a stake of approximately 3.29 million SpaceX shares worth more than $500 million on the company’s first trading day, according to CoinDesk.
ARK routinely adjusts its portfolio based on conviction-driven research, often buying more of falling stocks and trimming winners to rebalance. This strategy allows the firm to reallocate capital toward what it views as the most promising opportunities. The Roku and AMD sales mark a continuation of ARK’s pattern of reducing these positions throughout 2026, as the firm has been steadily cutting both holdings over the past several months.
The timing of the sales reflects ARK’s confidence in SpaceX’s long-term potential. ARK has previously valued SpaceX at $1.75 trillion and projects potential valuations as high as $2.5 trillion by 2030, according to the firm’s published research and investment guides released earlier this year.
Sources
- Investing.com Canada — Daily trade details for June 15, 2026, including Roku, AMD, Tesla, 10X Genomics, Amazon, Palantir, Veracyte, CoreWeave, and Iridium sales.
- FinancialContent — Confirmation of $163 million in total stock sales by ARK Invest on Monday, June 15, 2026.
- CoinDesk — Details of ARK Invest’s SpaceX IPO purchases totaling more than $500 million and acquisition of 3.29 million shares.
- ARK Invest Newsletter — SpaceX IPO details, including $75 billion in new share issuance on June 15, 2026.
- CA.gov — Information on ARK Invest’s portfolio rebalancing strategy and conviction-driven research approach.
