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Ark Invest Adds Alibaba, Baidu on Back-to-Back Days, Cuts Brera, Trims Shopify

Daily disclosures point to a deliberate rotation toward Chinese AI champions, with trims to volatile crypto-linked plus fintech holdings.

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Overview

  • On Wednesday, ARK Innovation ETF bought 30,137 Alibaba shares worth about $5.5 million and 21,648 Baidu shares worth roughly $3.0 million, with Alibaba trading near a 52-week high.
  • The fresh buys followed Tuesday additions of 23,538 Alibaba shares (~$4.1 million) and 53,388 Baidu shares (~$6.9 million), reflecting stepped accumulation across consecutive sessions.
  • ARK Fintech Innovation ETF sold 18,440 Shopify shares for approximately $2.76 million following a recent stock run tied to its ChatGPT commerce integration.
  • ARKK reduced Brera Holdings by 100,983 shares (~$2.5 million) on Wednesday after selling 231,903 shares Tuesday, a partial exit after earlier acquiring 6.5 million shares as the company pursued a Solana-focused treasury strategy and a Solmate rebrand.
  • Other moves signaled a broader cross-fund repositioning, including purchases of Intellia Therapeutics (ARKK, ARKG), JD Logistics (ARKX), and DraftKings across multiple funds, while Alibaba’s AI model traction on Hugging Face and reports of Baidu’s 50 robotaxi trial licenses in Dubai informed sentiment.