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Kathy Wood buys $52 million of surging tech stock. Kathy Wood, chief of Arc Investment Management, is no stranger to buying into momentum. That's what she did in the past week, initiating a position in a tech stock that has rallied more than 40% over the past month. In 2025, the flagship Arc Innovation ETF gained 35.49%, far outpacing the S&P 500's return of 17.88% in the same period.
But so far this year, Wood's flagship ARC Innovation ETF ArkK is up 2.98% trailing the S&P 500's gain of 9.57%. Yahoo Finance data shows what gained a reputation after the ARK Innovation ETF delivered a 153% return in 2020. However, her style also brings painful losses in bearish markets as seen in 2022 when the ARK Innovation ETF tumbled more than 60%.
Those swings have weighed on Wood's long-term gains. As of June 18th, the ARK Innovation ETF has delivered a 5-year annualized return of minus 7.42% while the S&P 500 has an annualized return of 12.48% over the same period, according to data from Morning Star. Wood focuses on high-tech companies across artificial intelligence, blockchain, biomedical technology, and robotics.
She thinks these businesses have strong growth potential, though their volatility often causes fluctuations in the ARK's funds. According to Invest has purchased $5.5 million worth of circle shares across three ETFs invested million6 ETFs as CRCL surged following the company's quarter 1 of 2026 earnings release fifth.
From 2014 to 2024, the Ark Innovation ETF wiped out Invest has purchased 5.5 million according to a March 2025 analysis by Morning Stars analyst Amy Arnett that made it the third biggest wealth destroyer among mutual funds and ETFs in Arnot's ranking. The analyst hasn't updated her ranking would believes investors have been focusing on the wrong signals as they assess the outlook for inflation, interest rates, and stocks.
In a June 5th post on X, the Arc Invest founder said the bond market is increasingly reflecting the deflationary impact of technological innovation, particularly artificial intelligence, rather than the inflation risks many investors still fear. What pointed to the continued flattening of the Treasury yield curve despite a sharp rise in oil prices over the past year.
In previous cycles, she noted an energy shock of that magnitude would have pushed long-term yields higher. Wood believes the bond market is discounting something much more powerful, the deflationary impact of technological innovation, particularly artificial intelligence, which is beginning to increase productivity across broad swaths of the economy.
She also said easing tensions with Iran and a decline in oil prices could push inflation even lower. The next phase of this cycle could be characterized by accelerating growth, declining inflation, falling interest rates, and a strengthening US dollar. Wood said that combination would create a remarkably supportive backdrop for innovation-led equities and the technologies driving the next productivity boom.
Not all investors agree with Wood's optimism. Over the past 5 days through June 18th, the ARK Innovation ETF saw roughly $770.13 million in net outflows. According to data from ETF research firm Vify, on June 18th, Woods ARC funds bought 223,690 shares of Snowflake Incorporated. Snow. According to its daily trading information, based on the latest closing price of $23,29, these stocks were worth about $52 million.
Snowflake is a cloud data and analytics company that helps businesses handle large amounts of data. Shares of Snowflake have surged 41.43% over the past month, driven largely by a 36.48% 48% jump on May 28th after the company delivered stronger than expected earnings and announced plans to spend $6 billion on Amazon Web Services infrastructure over the next 5 years.
That was Snowflake's biggest single day gain on record. For its fiscal first quarter ended April 30th. Snowflake reported adjusted earnings of 39 cents per share and revenue of 1.39 billion, which was up 33% from a year earlier. Analysts were expecting earnings of 32 cents per share and revenue of $1.32 billion, CNBC reported.
Snowflake also issued upbeat guidance. It forecast fiscal second quarter product revenue of 1.415 billion to $1.420 billion and an adjusted operating margin of 12.5%. Wall Street was looking for product revenue of $1.37 billion and an adjusted operating margin of 11.9%. AI continues to be a powerful tailwind for Snowflake and Q1 marks a clear inflection point in that journey.
With Cortex code and snowflake intelligence, we are extending from the trusted foundation for enterprise data and context to become the control plane for the agentic enterprise. Snowflake CEO Shredar Ramaswami said in a statement, "We are seeing strong momentum from both AIdriven acceleration of our core platform and growing adoption of our first-party AI products, positioning Snowflake to lead in this new era.
Wall Street analysts have become more bullish on Snowflake following the earnings report. For example, Barkclays raised its price target to $285 from $272 and maintained an equal weight rating," The Fly reported. Analyst Ramo Lenschow noted that faster product velocity is clear and Cortex code seems to be driving a multi-pronged positive effect on usage that is still early.
Bank of America raised its price target to $300 from $25 while reiterating a buy rating. The firm said in a research note that Snowflake's results and outlook are solid evidence supporting our long-term positive view that Snowflake is a share gainer in a large and expanding AI business intelligence opportunity.
Snowflake is not in Arc Innovation ETF's top 10 holdings. Top 10 holdings of the Ark Innovation ETF as of June 18th, 2026. Tesla Incorporated, TSLA, 9.5%. Robin Hood Markets Incorporated, Hood, 4.93%. Crisper Therapeutics, AGCRSP, 4.87%. Tempest AI Incorporated, TM, 4.83%. Space Exploration Technologies Corporation, SPCX, 4.71%.
Advanced Micro Devices Incorporated, AMD, 4.51%. Shopify Incorporated, Shop 4.07%. Coinbase Global Incorporated, Coin 3.85%. Circle Internet Group Incorporated, CRCL, 3.45%. Twist Bioscience Corporation, TWWST, 3.33%. Other than adding positions of Snowflake, Wood's recent trading activity included buying shares of Eli Liy Loly, SpaceX, SPCX, and Coinbase Global Coin.
Meanwhile, she trimmed a wide range of holdings including Palenter PLTR, Roku, Roku, Advanced Micro Devices AMD, Tesla TSLA, Amazon AMZN, Shopify Shop, Cororeweee, CRWV, Taiwan Semiconductor Manufacturing, TSM, Sofi Technologies, Sofi, Figma, FIG, and Kratos Defense and Security Solutions, KTOS. Hey, hey, hey.
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