Cathie Wood's Ark Invest purchases $7.2 million of Roblox stock and slashes the famed money manager's Adobe holdings

• Cathie Wood's Ark Invest purchased $7.2 million of Roblox stock in the past week.
• Meanwhile, the money manager dumped $106 million in Adobe shares during the past three trading sessions.
• Wood's flagship fund ARKK logged its best month ever in January, but has since pared gains on inflation concerns. 

Cathie Wood's Ark Invest snatched up $7.2 million of Roblox stock and sold $106 million of its Adobe holdings in the past week.

The famed money manager snagged 196,280 shares of the video game platform company on Monday, which was allocated to Ark Next Generation Internet ETF (ARKW). Ark's Roblox holdings have a combined market value of $298 million across all eight of its exchange-traded funds.