Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made several notable portfolio moves on Friday, October 3, continuing their steady buying streak in Chinese technology stocks. The largest purchase came from the ARK Innovation ETF (ARKK), which added 17,500 shares of Alibaba (BABA) worth about $3.31 million. The move reflects ARK’s ongoing bullish stance on Alibaba, as the fund has been consistently increasing its position throughout the week.
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ARK also boosted its exposure to Baidu Inc. (BIDU), acquiring 3,076 shares valued at roughly $431,347. The addition follows multiple earlier buys this week, reflecting Wood’s growing confidence in Baidu’s expanding footprint in artificial intelligence and cloud computing.
Together, these Friday purchases bring ARK’s total investment in Chinese tech stocks to around $3.74 million, signaling increasing interest in leading players from China’s fast-growing internet and AI sectors.
Wood Trims Stakes in Amazon and Brera Stocks
On the sell side, ARK’s Next Generation Internet ETF (ARKW) cut its position in Amazon (AMZN), the e-commerce and cloud giant, by selling 5,747 shares worth about $1.28 million. The sale continues a pattern of profit-taking in Amazon after a 25% rise over the past six months, suggesting that ARK may be shifting funds toward faster-growing overseas stocks.
Simultaneously, the ARKK fund sold 47,563 shares of Brera Holdings (SLMT), a small-cap company that recently rebranded as a crypto infrastructure firm. Brera, which formerly traded under the ticker BREA, changed its symbol to SLMT on October 3, 2025, as part of its rebranding to Solmate. Wood appears to be capitalizing on Brera’s recent surge, as the stock has soared nearly 296% in the past month.
It’s worth noting that Wood had earlier invested $69 million in Brera’s private placement as the company shifted from a multi-club sports owner to a Solana (SOL-USD)-based digital asset and crypto infrastructure firm, now known as Solmate.
Wall Street’s Take on BABA, BIDU, and AMZN
Using the TipRanks Stock Comparison Tool, Amazon leads with a “Strong Buy” rating, with an average AMZN price target of $267.32, implying a 21.8% upside. Alibaba holds a “Strong Buy” with a smaller 2.27% upside, while Baidu has a “Moderate Buy” and a projected 10.9% downside from $142.
