Cathie Wood's Ark Investment Reportedly Starts Position In DoorDash: Retail Stays Optimistic

The fund also bought shares in Nvidia and sold stakes in Meta and Circle Internet.
In this photo illustration, the DoorDash logo is displayed on a smartphone screen. (Photo illustration by Cheng Xin/Getty Images)
In this photo illustration, the DoorDash logo is displayed on a smartphone screen. (Photo illustration by Cheng Xin/Getty Images)
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Yuvraj Malik·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
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Cathie Wood's Ark Investment Management has purchased 139,236 shares of DoorDash (DASH), according to TipRanks, marking the first time the popular investment firm has gained exposure to the food-delivery company's stock.

The transaction was made on Monday. Based on the DASH average trading price on the day, Ark would have likely bought shares worth $43.6 million.

In the same trade, Ark also reportedly bought over $18 million worth of shares of Nvidia (NVDA). The fund manager sold stakes in Meta Platforms (META) and the newly-listed Circle Internet Group (CRCL).

Ark's investment in DoorDash follows a massive acquisition deal by the company to expand its food delivery operations.

Last month, it agreed to acquire the UK's Deliveroo for $3.8 billion, pending approvals. Following the announcement, several analysts raised their price targets on its stock.

DoorDash also announced a smaller $175-million acquisition of ad tech platform Symbiosys last week.

On Stocktwits, the retail sentiment for DASH was 'bullish,' unchanged from the previous day.

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DASH sentiment and message volume as of June 17 | Source: Stocktwits

Doordash is seeing momentum in its business. It reported annual net income for the first time last year, alongside strong fourth-quarter results. 

DASH shares are up 32.2% year-to-date.

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