Key Takeaways
- On July 9, 2026, Cathie Wood’s Ark funds acquired 34,080 Meta Platforms shares valued at $22.8 million
- Ark Investment Management has accumulated more than 100,000 CoreWeave shares recently, with total holdings reaching approximately $146 million
- Meta’s stock surged 6% on July 10 following the company’s announcement about monetizing surplus AI computing infrastructure
- CoreWeave shares have declined 23% from $118 to roughly $90 since mid-June
- The flagship ARKK fund has posted a five-year annualized loss of -8.42%, significantly trailing the S&P 500’s 11.63% gain
This week witnessed significant portfolio activity from Cathie Wood, the CEO of Ark Investment Management, as she increased exposure to both Meta Platforms and AI infrastructure provider CoreWeave despite the latter’s recent struggles.
Ark Funds Acquire $22.8 Million Worth of Meta Shares
Ark’s investment vehicles snapped up 34,080 shares of Meta Platforms on July 9 at a closing price of $669.21 per share, representing an aggregate investment of approximately $22.8 million.
The timing of this purchase coincided with positive momentum for Meta’s stock price. In the five trading sessions preceding the transaction, Meta shares had appreciated 14.8%.
The upward trajectory continued on July 10, with Meta experiencing an additional 6% gain, reaching its highest valuation since April. This surge was catalyzed by Meta’s strategic announcement regarding plans to monetize surplus AI computing resources — potentially creating an additional revenue channel.
Concurrent with this announcement, Meta unveiled Muse Spark 1.1 on July 9, an artificial intelligence coding solution positioned as a competitor to offerings from Anthropic and OpenAI. BNP Paribas analyst Nick Jones characterized it as Meta’s inaugural paid AI product, representing a novel monetization pathway for the company’s artificial intelligence capabilities.
Notwithstanding recent appreciation, Meta’s shares have gained merely 1.4% on a year-to-date basis, substantially underperforming the Nasdaq Composite’s approximately 13% advance. CEO Mark Zuckerberg conceded earlier this month that deployment of the company’s AI agent technology has progressed more slowly than anticipated.
The social media giant anticipates capital expenditures reaching $145 billion for AI infrastructure throughout 2026. Second-quarter financial results are scheduled for release later this month. Meta’s first-quarter performance featured earnings per share of $7.31 on revenue of $56.31 billion, exceeding analyst projections on both metrics.
On July 2, Wells Fargo analyst Ken Gawrelski modestly increased his Meta price target to $767 from $765, reaffirming an overweight rating on the stock.
Continued Accumulation of CoreWeave Despite Sharp Decline
Simultaneously, Wood has maintained consistent buying activity in CoreWeave, an AI cloud infrastructure provider whose shares have tumbled 23% since June 18.
The flagship ARKK ETF currently maintains a position of 1.6 million CoreWeave shares — representing approximately $146 million in value and constituting the 17th-largest holding within the $6.5 billion fund.
Wood’s recent purchases included $811,600 worth of shares on July 8, preceded by a $2 million acquisition on July 7 and a $6.5 million purchase on June 29.
CoreWeave delivered first-quarter 2026 revenue of $2.1 billion, representing 114% year-over-year growth. The company’s contracted backlog approached $100 billion. However, CoreWeave also recorded a net loss of $740 million and maintains approximately $35 billion in outstanding debt.
Management elevated full-year capital expenditure guidance to a range of $31–$35 billion. The company projects annual revenue between $12–$13 billion.
A portion of CoreWeave’s recent stock decline followed reports that Meta — the company’s primary customer — intends to market its own excess computing capacity, establishing potential direct competition. This disclosure alone triggered a 14% stock price drop. Wood initiated purchases following this announcement.
As of July 10, ARKK has generated a 3.05% return year to date, while the S&P 500 has advanced 10.66% over the identical period.
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