Cathie Wood just dialed back one of Big Tech’s biggest names again. The ARK Invest boss shed 3,578 shares of Meta Platforms (META) on March 25, a move worth nearly $2.1 million. The sale was spread across three of ARK’s major actively managed ETFs, with Meta coming off a lean patch, having dropped 16% of its value in the past month. It’s important to note that ARK has had a mostly weak start to the year. For perspective, as per TotalRealReturns as of March 25, Wood’s flagship ARK Innovation ETF (ARKK) ...

ARKK futuristic display with robotics, DNA and autonomous vehicles reflects Tesla-led innovation ETF themes. Key Points Despite gaining nearly 50% over the last year, ARKK has dropped almost 9% YTD and remains roughly 55% below its 2021 peak. The fund’s performance is heavily tied to volatile growth stocks that have seen sharp corrections, though analysts suggest its top-tier holdings have massive upside potential. While the ETF’s aggregate analyst rating is a Moderate Buy, institutional selling recent ...

.@ARKInvest is honored to support the Future Vision XPRIZE— a $3.5M+ filmmaking competition giving creators the opportunity to imagine an optimistic future powered by AI. Every day at ARK, we look five years out. This competition asks creators to do the same — and show us the upside of technologically enabled disruptive innovation!“https://t.co/cAA9EnlLL1”Peter H. Diamandis, MD (@PeterDiamandis):Stories shape our future. Story tellers manifest our destiny. Someone, somewhere, is writing an epic screenplay t ...

Investment in DraftKings - ARK added approximately 58,048 shares of DraftKings (DKNG) valued at around $1.48 million, with DraftKings holding 1.9% weightage in the ARK Blockchain & Fintech Innovation ETF and 1.05% in the ARK Next Generation Internet ETF [1] - DraftKings benefits from state-by-state legalization across the U.S., expanding its total addressable market, and is focusing on improving profitability through disciplined marketing spending and stronger customer retention metrics [1][5] - DraftKings receives a "Strong Buy" rating on Wall Street, with analysts seeing a potential upside of 45% from current levels if it hits its average price target of $36.41, and a high price target of $53 implies a potential surge of 110.7% over the next year [6] Investment in Robinhood - ARK purchased about 183,933 shares of Robinhood Markets (HOOD) worth roughly $15.12 million, with Robinhood holding 4.3% weightage in the ARK Blockchain & Fintech Innovation ETF and 4.8% in the ARK Next Generation Internet ETF [3] - Robinhood is valued at $69.4 billion and is diversifying its offerings beyond meme-stock trading, including options, retirement accounts, and credit cards [2] - Robinhood receives a "Moderate Buy" rating on Wall Street, with analysts seeing a potential upside of 63% from current levels if it hits its average price target of $125.65, and a high price target of $180 implies a potential surge of 133.5% over the next year [2] Investment in Cerus Corp. - ARK purchased 612,501 shares of Cerus Corp. (CERS) worth about $1.37 million, with Cerus holding 1.2% weightage in the ARK Genomic Revolution ETF and 0.30% in the ARK Innovation ETF [7] - Cerus specializes in pathogen reduction technology for blood safety, with its main product, the INTERCEPT Blood System, helping reduce harmful pathogens in blood components [8] - Cerus stock receives a "Moderate Buy" rating on Wall Street, with analysts seeing a potential upside of 159% from current levels if it hits its average and high price target of $5.00 [9] Investment in Compass Pathways - ARK bought roughly 100,264 shares of Compass Pathways (CMPS) valued at about $706,861, with Compass holding 1.88% in the ARK Genomic Revolution ETF [10] - Compass focuses on creating innovative mental health treatments, particularly COMP360, an investigational psilocybin-based therapy for treatment-resistant depression and PTSD [11] - Compass stock receives a "Strong Buy" rating on Wall Street, with analysts seeing a potential upside of 233% from current levels if it hits its average price target of $21.92, and a high price target of $70 implies a potential surge of 963.8% over the next year [12] Investment in Canton Strategic Holdings - ARK purchased 93,900 shares of Canton Strategic Holdings (CNTN) worth about $439,452, with Canton holding 0.19% weightage in the ARK Blockchain & Fintech Innovation ETF [13] - Canton Strategic Holdings has shifted its focus from a clinical-stage biotech company to managing a digital asset treasury centered on the Canton Network [14] - Small-cap companies like Canton can offer explosive upside if their business models scale successfully, aligning with ARK's strategy of identifying emerging disruptors [15]

Financial Data and Key Metrics Changes - The company achieved a revenue growth of 4.4% to $15.3 billion and a record net profit of $1.2 billion, reflecting a 6.8% increase [4][6] - Gross profit increased by 6.7% to $6.3 billion, with gross margins improving by 91 basis points to 41.2% [5][6] - Earnings per share rose by 6.8% to $0.656, with a net profit margin of 7.9% for 2025 [6][9] - The board recommended a final dividend of HKD 1.32 per share, an 11.9% increase compared to the previous year [6][7] Business Line Data and Key Metrics Changes - Milwaukee reported an 8.1% sales growth, with underlying growth at 10.3% after adjusting for promotional suspensions [4][34] - Ryobi's sales grew by 5.4% in local currency, marking a strong performance [4][35] - Non-core business declined by 20.4% due to the planned exit of the HART business [5][34] Market Data and Key Metrics Changes - The company noted strong performance in the EMEA region, contributing to margin improvements [5][39] - Inventory days increased by 4 days to 106 days, while receivable days decreased by 1 day to 46 days [10][9] Company Strategy and Development Direction - The company aims to expand enterprise value through investments in core business and high-quality acquisitions [12][13] - A discretionary share buyback plan of up to $500 million is intended to enhance shareholder returns [13][42] - The focus is on growth, profitability, and execution, with a target of achieving a 10% EBIT margin by 2027 [25][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth despite macroeconomic challenges, emphasizing strong underlying demand [2][72] - The company is optimistic about expanding market share in Asia and Latin America, particularly for Milwaukee and Ryobi brands [19][60] - The leadership team has been stable for over 19 years, contributing to a strong company culture and operational excellence [18][22] Other Important Information - The company reduced total gross debts by $300 million or 23.5% while increasing cash balance to close to $1.7 billion [11][12] - The effective tax rate was at 8%, with expectations of maintaining a high single-digit rate going forward [9][8] Q&A Session Summary Question: Revenue growth expectations and underlying assumptions - Management highlighted that the total addressable market (TAM) expansion is crucial for both Milwaukee and Ryobi, with strong underlying demand driving confidence in double-digit growth [71][72] - There are no dramatic assumptions regarding interest rate cuts, as the majority of the business is not reliant on residential construction [73]

Financial Data and Key Metrics Changes - The company achieved a revenue growth of 4.4% to $15.3 billion and a record net profit of $1.2 billion, reflecting a 6.8% increase [3][5] - Gross profit increased by 6.7% to $6.3 billion, with gross margins improving by 91 basis points to 41.2% [4][5] - Earnings per share rose by 6.8% to $0.656, and the board recommended a final dividend of HKD 1.32 per share, an 11.9% increase compared to the previous year [5][6] Business Line Data and Key Metrics Changes - Milwaukee reported an 8.1% sales growth, with underlying growth at 10.3% after excluding promotional suspensions [3][36] - Ryobi experienced a sales growth of 5.4% in local currency, marking a strong performance [3][37] - Non-core business declined by 20.4% due to the planned exit of the HART business and rationalization of floor care sales [4][35] Market Data and Key Metrics Changes - The company noted strong performance in the EMEA region, contributing to overall margin improvements [4][41] - The Milwaukee brand is positioned in a $160 billion total addressable market, while Ryobi operates in an $80 billion market [30][31] Company Strategy and Development Direction - The company aims to expand enterprise value through investments in core business and high-quality acquisitions [12] - A discretionary share buyback plan of up to $500 million is intended to enhance shareholder returns [13][44] - The focus on disruptive innovation and leveraging AI in product development is central to the company's strategy [33][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $1 billion in free cash flow in 2026, despite macroeconomic challenges [11][27] - The company anticipates mid to high single-digit revenue growth for Milwaukee and Ryobi in 2026, driven by strong underlying demand [70][75] - The leadership emphasized the importance of execution and maintaining a strong culture to drive future success [24][68] Other Important Information - The company reduced net finance costs by 37.6% to $33.6 million, reflecting effective debt management [7][11] - The effective tax rate was at 8%, slightly higher than the previous year, but management believes this rate is sustainable [8][9] Q&A Session Summary Question: Revenue growth outlook and TAM expansion - Management highlighted that TAM expansion is relevant for both Milwaukee and Ryobi, with strong underlying demand and geographical expansion opportunities [73][74] Question: Interest rate risk and policy assumptions - Management does not assume dramatic changes in interest rates, emphasizing confidence in their business model not being heavily reliant on residential construction [76] Question: Measures to achieve 10% OP margin target by 2027 - Management was asked for detailed measures to deliver the EBIT margin target, indicating a need for forward-looking attribution analysis [81]

分组1 - Approximately 70% of Anthony Scaramucci's personal wealth is invested in Bitcoin-related assets, reflecting a strong conviction in cryptocurrency [1] - Scaramucci authored "The Little Book of Bitcoin" to assist investors in understanding digital assets, indicating a commitment to educating others about cryptocurrency [1] - After leaving the White House, Scaramucci intensified his research into cryptocurrency, ultimately deciding to integrate it significantly into his investment strategy [1] 分组2 - Apple discontinued the iPod in 2022, while iPhone revenue reached $85.27 billion, up from $69.14 billion the previous year, highlighting the iPhone's continued importance to Apple's revenue [2] - Steve Jobs' decision to integrate the iPod into the iPhone exemplifies a self-disruptive leadership approach, which Scaramucci cites as inspiration for his pivot into Bitcoin [3][4] - Scaramucci emphasizes the need for banks to innovate or risk being disrupted, paralleling Apple's strategy of cannibalizing its own successful products to create larger opportunities [3][4] 分组3 - Paladin Power has generated $185 million in contracted revenue since its launch in 2023, indicating strong market demand for its non-lithium energy storage solutions [8] - Elf Labs controls over 500 trademarks and copyrights related to iconic characters, generating over $15 million in royalties and expanding licensing into more than 30 countries [9] - Valley Center Wellness targets the luxury behavioral health market with a comprehensive care model, emphasizing long-term recovery and holistic wellness, while tapping into a $42 billion sector [10] 分组4 - Immersed is a pre-IPO technology company focused on AI and remote work, known for its productivity app on the Meta Quest platform, and is expanding into hardware with its own XR headset [11] - Arrived Homes allows investors to buy fractional shares of real estate starting at $100, making real estate investing more accessible [12] - Masterworks offers fractional ownership of blue-chip art, providing investors with a low-correlation asset class to diversify their portfolios [13] 分组5 - BAM Capital focuses on institutional-grade multifamily real estate, with over $1.85 billion in completed transactions, targeting income and long-term growth [14] - REX Shares designs specialized ETFs that offer precision beyond traditional funds, targeting specific income objectives and market themes [15] - Motley Fool Asset Management provides passive ETFs based on a rules-based investment philosophy, focusing on growth, value, and momentum strategies [16] 分组6 - Finance Advisors connects individuals with fiduciary financial advisors for tax-aware retirement planning, emphasizing long-term tax efficiency [17] - Public is a multi-asset investing platform that allows users to invest in various asset classes, including stocks and crypto, with innovative features like AI-generated indices [18] - Atari is launching the first-ever Atari Hotel in Phoenix, offering investors a chance to participate in a gaming and entertainment destination with targeted returns [21]

ARKK ETF Performance - ARK Innovation ETF (ARKK) has dropped 9.58% year-to-date as of early February 2026, following a strong 35.49% return in 2025 that outperformed the S&P 500 [1] - The decline is attributed to weaknesses in the fund's largest holdings and a broader market repricing of growth stocks [1] Tesla's Impact - Tesla remains the largest position in ARKK at 11.12%, with the stock down 7.18% year-to-date, closing at $417.44 [1] - Tesla reported Q4 2025 earnings of $0.50, beating estimates but showing a 60.6% year-over-year decline in earnings growth, with revenue falling 3.1% year-over-year to $94.83 billion [1] - Tesla dropped out of China's top 10 NEV makers in January 2026, marking its lowest monthly sales since November 2022 [1] Coinbase's Performance - Coinbase, representing 3.55% of ARKK, has seen a significant decline of 27.34% year-to-date, with shares trading at $164.32, down from $226.14 at year-end [1] - The decline is attributed to both the overall weakness in the crypto market and a Q4 earnings miss [1] - Cathie Wood has been actively buying Coinbase shares, adding $26.1 million in December 2025 [1] Other Holdings - Palantir, a 3.19% position in ARKK, reported Q4 2025 earnings of $0.25, beating estimates, but the stock is down 26.07% year-to-date [1] - Shopify, representing 4.31% of ARKK, is down 29.99% year-to-date but reported strong Q4 results with revenue of $11.56 billion, up 30.6% year-over-year [1] Strategic Changes - Cathie Wood is reshaping ARKK's portfolio, with healthcare now the largest sector allocation at 22.8%, surpassing Information Technology at 20.0% [2] - The fund's top 10 holdings account for 52.4% of assets, indicating a high concentration that amplifies both gains and losses [2] - ARKK's expense ratio is 0.75%, which is high compared to passive alternatives, but Wood's active management has historically delivered differentiated returns [2]

INVESTOR PRESENTATION This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to, among other things, future events and its future business, financial condition, results of operations and prospects. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," ...

Welcome to FYI, the 4-year innovation podcast. This show offers an intellectual discussion on technologically enabled disruption because investing in innovation starts with understanding it. To learn more, visit ark-invest.com. Ark Invest is a registered investment adviser focused on investing in disruptive innovation. This podcast is forformational purposes only and should not be relied upon as a basis for investment decisions.It does not constitute either explicitly or implicitly any provision of services ...