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Cathie Wood Goes on Biggest Dip-Buying Binge Since February

  • Ark funds buy shares of 27 stocks on Tuesday amid selloff
  • Paired with deflation tweets, Wood is ‘walking the walk’: BI
Cathie Wood
Cathie WoodPhotographer: Eva Marie Uzcategui/Bloomberg

Tuesday’s brutal selloff in the aftermath of August’s hotter-than-expected inflation print looked like opportunity to Cathie Wood’s Ark Investment Management. 

The firm bought 27 stocks across its eight exchange-traded funds on Tuesday, according to data compiled by Bloomberg. The largest buy was Roku Inc., which is already the third biggest holding in the firm’s flagship $8 billion ARK Innovation ETF (ticker ARKK).