May 16 - Cathie Wood's ARK (ARKK) ETFs shifted their bets in the latest trading session. ARK's flagship ARKK ETF snapped up 214,624 shares of Airbnb Inc (NASDAQ:ABNB), spending about $29.6 million on the home-rental platform. Its ARKF ETF added 140,000 shares of eToro Group Ltd (NASDAQ:ETOR) for roughly $7.3 million and scooped up 31,983 shares of CRISPR Therapeutics AG (NASDAQ:CRSP) at a cost of about $1.2 million.

On the sell side, ARKK trimmed 206,881 shares of Palantir Technologies Inc (NASDAQ:PLTR), unloading approximately $26.5 million worth of the data-analytics firm. ARKF also pared back UiPath Inc (NYSE:PATH) by 132,149 shares, netting around $1.8 million.

ARK's innovation-focused ARKW ETF topped up its GitLab Inc (NASDAQ:GTLB) position with 22,471 shares for $1.2 million. The ETFs made smaller moves in Blade Air Mobility Inc (NASDAQ:BLDE), Nextdoor Holdings Inc (NYSE:KIND) and Twist Bioscience Corp (NASDAQ:TWST), reflecting ARK's strategy to balance high-conviction bets with a broad tech and biotech lineup.

These adjustments underscore ARK's willingness to rotate capital toward companies it views as poised for growth, like ABNB and CRSP, while reducing exposure to names where sentiment may have peaked.

This article first appeared on GuruFocus.

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