Ark Invest Adds Bullish Shares, Trims TSMC Position

Benzinga reported Thursday that Ark Invest CEO Cathie Wood made two notable portfolio moves, expanding the firm’s position in Peter Thiel-backed exchange operator Bullish Inc. while simultaneously paring back its Taiwan Semiconductor Manufacturing holdings.

Ark Invest Bullish Bet Grows Across Three Funds

Ark Invest purchased 139,117 shares of Bullish across three of its flagship ETFs on Thursday. The buying was spread across the ARK Blockchain and Fintech Innovation ETF, the ARK Innovation ETF, and the ARK Next Generation Internet ETF. Shares were acquired near a closing price of roughly $35.96, putting the single-day outlay at approximately $5 million. The purchase builds on a prior session’s buy, where Ark added around $3.1 million worth of Bullish stock on Wednesday. Combined, the two-day accumulation signals a deliberate conviction build rather than a routine rebalance.

Also Read: What Is the ARK Innovation ETF and Why Does It Move Markets?

Background on Bullish and Peter Thiel’s Involvement

Bullish Inc. is a regulated cryptocurrency exchange that listed on the New York Stock Exchange after completing a SPAC merger. Venture capitalist Peter Thiel is among its prominent backers, lending the company a high-profile technology pedigree. The exchange has positioned itself as an institutional-grade trading venue. Ark’s repeated purchases suggest Wood views current price levels as an attractive entry point despite broader market caution. Bullish shares closed Thursday at $36.26, up roughly 0.8% on the session.

Also Read: Bullish Exchange Goes Public on NYSE After SPAC Deal

TSMC Sale Tied to Momentum, Not Fundamentals

Ark’s reduction in Taiwan Semiconductor Manufacturing was not driven by any company-specific news, Benzinga noted. Instead, the trim appears linked to relative-strength positioning, a practice of locking in gains after a stock outperforms peers. TSMC’s momentum score currently sits in the 90th percentile according to Benzinga Edge rankings, while its value score registers in the 26th percentile. That divergence suggests the stock has run ahead of its intrinsic metrics. Large-cap semiconductor names broadly remain in demand, even as overall market sentiment shows signs of softening. Investors appear willing to ride momentum in chip leaders while tactically reducing exposure after sharp rallies.

What the Trades Signal for Ark’s Strategy

Taken together, Thursday’s moves reflect Ark’s ongoing preference for high-conviction, growth-oriented positions. Wood is rotating capital toward an emerging financial infrastructure play while trimming a mature semiconductor giant near technical highs. The twin trades underscore Ark’s willingness to act decisively when valuations and momentum diverge from its longer-term thesis.

Read Next: Why Semiconductor Stocks Are Dominating Institutional Portfolios in 2026