Cathie Wood's ARK buys $16.7M in SPCX, trims Deere stake

Cathie Wood's ARK Invest bought roughly $16.7 million of SpaceX (SPCX) shares while trimming Deere & Co exposure, according to Seeking Alpha, as the newly public stock traded below its $135 IPO price. TheStreet reported Wood added $36.1 million of SPCX in mid-July, signaling a buy-the-dip stance on the tumbling name. For passive-income and growth investors tracking high-conviction ETF managers, the trades show how Cathie Wood is funding newer bets by rotating out of established holdings.

Key Takeaways

• ARK Invest purchased about $16.7 million of SPCX shares and reduced its Deere & Co position, per Seeking Alpha.
• TheStreet reported Cathie Wood's funds bought 276,056 SPCX shares on July 13 and 15, worth roughly $36.1 million as the stock slid.
• On the same July 15 session, ARK sold AMD, bought Circle Internet Group, and added Ionis Pharmaceuticals, Investing.com reported.
• SpaceX has become a top ARKK holding as Wood keeps buying despite post-IPO weakness, TheStreet noted.
• These daily ETF disclosures offer a window into how ARK funds trades—not a full roadmap for every investor.

What Did Cathie Wood Buy in SPCX Shares?

Seeking Alpha reported that ARK Invest snapped up $16.7 million in SPCX shares while trimming Deere exposure. The headline trade fits a broader pattern TheStreet described: Cathie Wood treating SpaceX's post-IPO pullback as a buying opportunity rather than a reason to step back.

According to TheStreet, Wood's ARK funds purchased 276,056 shares of Space Exploration Technologies Corp. (SPCX) on July 13 and July 15. Based on a price of $130.93, those shares were valued at about $36.1 million. Including those purchases, ARK had acquired a total of 624,781 SpaceX shares in July, with the stake valued at approximately $81.8 million.

SpaceX went public on June 12, with shares jumping 19% on their first day of trading, TheStreet reported. Since then, however, the stock gave back much of those early gains. Shares were down about 40% from their post-IPO high of $225.64 on June 16 and had fallen below the $135 IPO price as investors reassessed the company's valuation.

Why Is ARK Trimming Deere While Adding SpaceX?

Seeking Alpha's report centered on a classic ARK move: add conviction in a favored growth name while trimming elsewhere to keep ETF weights in line. The firm reduced Deere & Co exposure in the same disclosure window that featured the $16.7 million SPCX purchase.

Deere fits ARK's automation and precision-agriculture themes, but daily trade filings show the firm regularly rebalances winners and laggards to free capital for newer priorities. For investors following wealth hacks and passive income strategies, the lesson is that even thematic ETFs behave like active portfolios behind the scenes.

TheStreet noted that Wood was already a SpaceX investor before the company's IPO through ARK's venture fund, and that SpaceX had become the sixth-largest holding in the Ark Innovation ETF, at 4.36% of the fund. That positioning suggests ARK is not making a one-day trade—it is building a long-term stake in Elon Musk's space and connectivity business.

What Else Did ARK Trade on July 15?

Investing.com reported that Cathie Wood's ARK ETF published daily trades for Wednesday, July 15, 2026, highlighting moves beyond the SpaceX and Deere headlines. Leading the session was a purchase of 220,012 shares of Circle Internet Group Inc (NASDAQ:CRCL) across multiple ETFs, totaling $13,909,158.

On the sell side, ARK offloaded 9,742 shares of Advanced Micro Devices Inc (NASDAQ:AMD) through its ARKK ETF for $5,339,882. Investing.com noted this followed a trend of reducing AMD holdings in prior sessions.

In biotech, ARK acquired 49,003 shares of Ionis Pharmaceuticals Inc (NASDAQ:IONS) through its ARKG ETF for $2,691,734. Investing.com said the purchase added to recent Ionis accumulation and reflected a strategic focus on innovative healthcare solutions.

Should You Copy Cathie Wood's SPCX and Deere Trades?

ARK's daily trade disclosures are transparent, but they are not personalized advice. Cathie Wood runs concentrated, high-volatility ETFs designed for investors who accept large swings. Copying a single day's buys—whether $16.7 million in SPCX or a Deere trim—ignores position sizing, tax timing, and your own risk tolerance.

TheStreet's reporting underscores the context that matters: SpaceX was a newly public, heavily debated stock trading below its IPO price after a sharp run-up and give-back. Investing.com's July 15 ledger shows simultaneous rotation into digital finance and biotech while AMD exposure shrank. That is portfolio management, not a signal that every holder should sell Deere or load up on SPCX.

If you follow ARK for ideas, use the filings to understand themes—space, crypto infrastructure, precision medicine—rather than as a checklist. Pair headline trades with your own research, and remember that ETF managers can add or trim again the very next session.

What Does This Mean for ARK Investors Watching SPCX?

Taken together, the three source reports paint a consistent picture: Cathie Wood is leaning into SpaceX as the stock struggles, funding those purchases partly by reducing legacy industrial and semiconductor exposure. Seeking Alpha framed the $16.7 million SPCX buy alongside Deere trimming; TheStreet quantified a larger mid-July accumulation; Investing.com showed parallel bets on Circle and Ionis the same week.

For ARK shareholders, the near-term question is not whether Wood likes SpaceX—she has made that clear—but how much more ARK will add if SPCX stays under pressure. For everyone else, these trades are a reminder that even passive-sounding ETF strategies can look very active when a manager sees a dip she wants to buy.