She just sold it sval. In December 30, she reduced her ARKK holding and wanted small-cap value stocks--which actually give you high correlation to an expanding economy. SVAL in 2021 was up 33% vs. Russell 2000's 14%. He loved this ETF then. However, we're now later in the cycle, so it was time to sell SVAL. Instead, she just bought COWZ which offers equal weighting across industries and focuses on high-quality companies with good free cash-flow yields.
COWZ means free-cash flow yield, and the biggest sector here is energy (not tech, actually). She has huge cyclical exposure through energy. COWZ rebalances quarterly.
It holds 100 of the highest free-cash flow yielding stocks in the Russell index. Energy and healthcare make up about 50% of this.