Cathie Wood’s ARK sells Qualcomm stock, buys Broadcom

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Cathie Wood’s ARK ETF has made significant adjustments to its portfolio, notably selling 228,943 shares of Qualcomm Inc for over $31 million, continuing a trend of reducing its stake in the company. Concurrently, ARK made a substantial investment in Broadcom Inc, acquiring 87,148 shares worth over $27 million across its ARKQ and ARKW ETFs. The firm also increased its holdings in Alphabet Inc and Bullish, while decreasing its exposure to Coinbase Global Inc.

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