ARK performed exceptionally well in 2025, and Tesla remains Cathy Wood's largest investment.

2026-01-01

Cathie Wood's ARK Invest fund significantly outperformed major U.S. benchmark indices in 2025. The ARK Space & Defense Innovation ETF (ARKX) surged 48.46%, while the ARK Autonomous Technology & Robotics ETF (ARKQ) rose an even more impressive 48.4%, nearly three times the S&P 500's 16.39% gain. Even the slightly underperforming ARK Blockchain & Fintech Innovation ETF (ARKF), with its 28.56% gain, surpassed the Nasdaq's 20.36% increase. The flagship ARK Innovation ETF (ARKK) boasted a return of 35.49%, more than double that of the S&P 500 and 22 percentage points higher than the Dow Jones Industrial Average's 12.97% gain.


The average return of ARK's five funds was 39.54%, highlighting the strong rebound of Wood's high-confidence investments in robotics, space, and the next-generation internet, outperforming the Dow Jones Industrial Average by a remarkable 35 points.  Cathy Wood


Despite reducing her holdings in Tesla (TSLA) by 633,471 shares, Tesla remains her largest holding, with 2.69 million shares worth $1.22 billion. Her holdings in Roku (ROKU) and Shopify (SHOP) are valued at $584 million and $581 million respectively, ranking in the top three, but her holdings in these two companies decreased significantly by 4.6 million and 652,000 shares respectively. Wood actively increased her holdings in therapeutics stocks such as BEAM (4.2 million shares) and CRSP (877,000 shares), as well as AI-driven precision medicine stocks such as TEM (1.6 million shares).


Conversely, she sold 7.7 million shares of Robinhood, 5.2 million shares of Roblox, and 4.4 million shares of Palantir, gradually exiting the fintech and metaverse sectors.  Circle Internet Group (CRCL) initiated a new position of $301 million, buying 3.77 million shares; Bitmine Immersion (BMNR) initiated its first position with $240 million, buying 8.65 million shares—indicating renewed investor confidence in digital asset infrastructure as Bitcoin prices rise.


Seeking Alpha studied these holdings and ranked their top 15 components based on its quantitative ratings.


 Tesla (TSLA), Quantitative Rating: 3.36 - Hold


Roku (ROKU), Quantitative Rating: 3.40 - Hold


Shopify (SHOP), Quantitative Rating: 3.21 - Hold


Coinbase Global (COIN), Quantitative Rating: 2.81 - Hold


Palantir (PLTR), Quantitative Rating: 3.48 - Hold


Advanced Micro Devices (AMD), Quantitative Rating: 4.82 - Strong Buy


CRISPR Therapeutics AG (CRSP), Quantitative Rating: 2.87 - Hold


Robinhood Markets (HOOD), Quantitative Rating: 3.46 - Hold


Teradyne (TER), Quantitative Rating: 3.46 - Hold


Tempus AI (TEM), Quantitative Rating: 2.64 - Hold


Roblox (RBLX), Quantitative Rating: 3.02 -  Hold


Beam Therapeutics (Stock Code: BEAM), Quant Rating: 2.70 - Hold


Amazon (AMZN), Quant Rating: 3.48 - Hold


Bitmine Immersion Technologies (BMNR), Quant Rating: 3.39 - Hold


By Sector Allocation:


Information technology's share of the portfolio jumped to 26.65% in 2025 from 20.41% a year ago, surpassing healthcare to become the dominant sector, marking the most dramatic reconfiguration across sectors, with its weight increasing by 6.24 percentage points to become the primary holding.


This adjustment came at the expense of reduced allocations to the communication services and financials sectors, which decreased by 4.60% and 4.44%, respectively. The consumer discretionary sector also saw a 2.49% decrease to 15.09%. The industrials sector saw a 3.78% increase to 9.82%, while the healthcare sector saw a 2.47% increase to 21.66%.  This asset rebalancing reflects a decisive shift in the portfolio towards growth and cyclical sectors, with technology stocks now accounting for more than a quarter of total assets. The information technology and healthcare sectors together comprise 48.31% of the portfolio, up from 39.60% in 2024.


Portfolio Sector Allocation - End of 2025 and Year-over-Year Change

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