Cathie Wood sells $15.8 million of megacap tech stock
Here are Cathie Wood’s latest moves.
Cathie Wood, chief of Ark Investment Management, is making moves in megacap tech stocks.
Last month, Wood added to her positions in Nvidia and Google, and this week she trimmed two other names from the Magnificent 7.
Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020. Year to date, the flagship Ark Innovation ETF (ARKK) is up 42.18% as of Dec. 5, far outpacing the S&P 500’s gain of 16.81% in the same period.
Wood’s style brings sweet wins in rising markets, but also painful losses in bearish ones, as seen in 2022, when the Ark Innovation ETF lost more than 60%.
Those swings have weighed on her long-term results. As of Dec. 5, the Ark Innovation ETF has delivered a five-year annualized return of -6.45%, while the S&P 500 has an annualized return of 14.86% over the same period, according to data from Morningstar. getty images
Cathie Wood’s investment strategy explained
Wood’s strategy is simple. Her Ark ETFs focus on emerging high-tech companies in areas like artificial intelligence, blockchain, biomedical technology, and robotics. She sees these businesses as potential forces for big change and long-term growth, though their volatility often creates fluctuations in the value of Ark’s funds.
From 2014 to 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar’s analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott’s ranking.
Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income
In October, Wood said in a CNBC interview that she expects to see a market “shudder” as interest rates begin to rise.
Still, Wood believes in the potential of AI, denying the “AI bubble” talk amid concerns about the high valuations of tech stocks.
“I do not believe AI is in a bubble,” Wood said. “ What I do think is, on the enterprise side, it is going to take a while for large corporations to prepare themselves to transform…in order to really capitalize on the productivity gains that we think are going to be unleashed by AI.”
But not all investors agree with Wood. In the 12 months through Dec. 4, the Ark Innovation ETF saw roughly $1.36 billion in net outflows, according to ETF research firm VettaFi.
Cathie Wood sells $15.8 million of Meta stock
On Dec. 4 and 5, Wood’s Ark funds sold 23,411 shares of Meta Platforms (META), valued at about $15.8 million. The selling came shortly after she added 33,837 Meta shares on Nov. 25, a move likely influenced by reports that Meta is in talks to spend billions on Google chips.
Cathie Wood increased her Meta position in Q3 2025, adding about 791,000 shares. The move came after two quarters of selling, when she offloaded 126,000 shares in Q2 2025 and another 47,900 shares in Q1 2025, according to Stockcircle’s data.
Related: Cathie Wood buys $16.7 million of megacap AI stock
Meta is not in the top 10 holdings of the Ark Innovation ETF.
Top 10 holdings of the Ark Innovation ETF as of Dec. 5, 2025:
- Tesla (TSLA): 12.30%
- CRISPR Therapeutics (CRSP): 5.53%
- Coinbase (COIN): 5.50%
- Tempus AI (TEM): 5.18%
- Shopify (SHOP): 4.97%
- Roku (ROKU): 4.86%
- Robinhood (HOOD): 4.69%
- Roblox (RBLX): 3.72%
- Palantir (PLTR): 3.56%
- Beam Therapeutics (BEAM): 3.32%
Meta recently said it is reducing resources dedicated to the metaverse, Bloomberg reported. The company plans to redirect those savings into other Reality Labs efforts, including AI glasses.
Meta’s stock has been under pressure since its third-quarter earnings, when the company said expenses would grow much faster in 2026 than in 2025. Shares have dropped more than 10% since Oct. 29. Some analysts now see upside for Meta stock after the news.
"Re-allocating spend to bigger perceived opportunities is positive for the stock. While Gen-AI returns are still uncertain, they offer more optionality to capture potential upside from emerging AI use cases such as AI assistants, generative creative tools, and outsourcing Meta computing capabilities," Bank of America analyst Justin Post said in a note emailed to TheStreet.
Meta stock is up roughly 15% year to date, underperforming the S&P 500 index’s 16.81% gain.
Besides selling Meta, Wood also trimmed her stake in Tesla (TSLA), unloading 45,356 shares on Dec. 4 and 5.
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