Wood took profits in both stocks after the catalysts lifted sentiment, turning both into sources of cash.\u00a0<\/p>\n
Those adjustments land against a far more buzzworthy story.\u00a0<\/p>\n
Wood recently built a major post-IPO position in SpaceX, with ARK buying nearly 3.3 million shares that were worth about $531 million by the end of the stock\u2019s first trading day, adding to her reputation among fans and investors as a big-name, high-risk, high-reward stock picker.<\/p>\n
On top of that, the ARK Invest boss didn\u2019t just move to the sidelines.\u00a0<\/p>\n
The firm added to Eli Lilly, Coinbase, and other big names linked to new catalysts, pointing to a major shift from completed or mature rallies toward fresh upside stories.\u00a0<\/p>\n
However, the question now beckons whether Wood is taking profits early or getting ahead of a momentum fade.<\/p>\n Jose Sarmento Matos/Bloomberg via Getty Images<\/p>\n<\/figcaption><\/figure>\n Wood\u2019s Robinhood and Roku sales point to a classic case of profit-taking after sudden catalysts.<\/p>\n More AI:<\/strong><\/p>\n Robinhood became one of ARK\u2019s largest trims of the day.<\/p>\n The firm sold off 275,572 shares through the ARK Innovation ETF, worth $26.65 million. According to Reuters, the sale came just after Robinhood said it would cut about 10% of its full-time workforce, or roughly 290 jobs, as CEO Vlad Tenev pushed the company to stay lean and focused.\u00a0<\/p>\n The cost-cutting offered investors a cleaner margin story, and the stock jumped as analysts lifted price targets. For Wood, that rally created an easy window to lock in gains.<\/p>\n Roku offered a different kind of catalyst.\u00a0<\/p>\n ARK sold 239,267 shares across ARKK, ARKW, and ARKF, worth about $33.01 million, after Fox agreed to buy Roku in a $22 billion deal valued at $160 per share.\u00a0<\/p>\n The deal gave Roku shareholders a defined takeover price and pushed the stock close to that level. That reduced the upside case for ARK, turning Roku into a source of cash rather than a fresh growth bet.<\/p>\n Eli Lilly led ARK\u2019s buying as Wood shifted cash from stocks to the most in-demand healthcare player.\u00a0<\/p>\n ARK scooped up 41,138 Lilly shares through the ARK Genomic Revolution ETF, putting about $46.18 million into the drugmaker after a pullback in the stock.<\/p>\n That comes at a time when the weight-loss drug giant just acquired 4E Therapeutics, a neuroscience company focused on non-opioid treatments for chronic pain.\u00a0<\/p>\n That offers Lilly another pipeline angle beyond its dominant obesity and diabetes franchise, fitting with ARK\u2019s preference for companies with big addressable markets and platform-like science.<\/p>\n Coinbase was the next big buy.\u00a0<\/p>\n ARK scooped up 111,799 shares across ARKK, ARKW and ARKF for about $18.92 million as Coinbase pushes beyond crypto trading. Its recent product moves, including tokenized U.S. stocks for international users and AI-driven investing tools, support the idea that Coinbase wants to become a broader financial platform, not just a crypto exchange.<\/p>\n ARK also bought $17.68 million of Block shares and added smaller biotech positions, showing the rotation was not defensive.\u00a0<\/p>\n Tesla still remains ARK Innovation ETF\u2019s largest holding\u00a0<\/strong><\/p>\n ARK Innovation ETF\u2019s portfolio still shows a marked tilt toward disruptive growth names, with Tesla, Robinhood, CRISPR Therapeutics, Tempus AI, and SpaceX-related exposure making up the five largest positions.\u00a0<\/p>\n Here\u2019s the top 10 list:<\/p>\n Wood\u2019s latest rotation comes in a market that\u2019s remarkably unpredictable. <\/p>\n The Nasdaq\u2019s rebound and renewed appetite for disruptive tech are encouraging, but the Fed backdrop keeps that bar incredibly high, especially if rates stay elevated or inflation re-accelerates.<\/p>\n That\u2019s exactly why ARK\u2019s move underscores a mixed signal.\u00a0<\/p>\n Trimming Robinhood after a cost-cutting rally and Roku after a takeover-driven surge suggests Wood is willing to take cash off the table when upside becomes more defined.<\/p>\n Buying Eli Lilly, Coinbase, and Block shows she is not turning defensive; she is rotating toward companies where the next catalyst still appears ahead.<\/p>\n Hence, in this market, the big winners will likely come from stocks with fresh catalysts, not just yesterday\u2019s big rebounds.<\/p>\n Related: Cathie Wood sells $8.7 million of tumbling AI stock<\/strong><\/p>\n #Cathie #Wood #dumps #million #popular #growth #stocks<\/p>\n","protected":false},"excerpt":{"rendered":" On June 18, Cathie Wood\u2019s ARK Invest showed off a notable rotation following a superb run in two of the most popular high-growth stocks. Investors had been rewarding Robinhood (HOOD)… <\/p>\n","protected":false},"author":1,"featured_media":8158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[246],"tags":[1437,4986,581,573,2102,221,1438],"class_list":["post-8157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-popular","tag-cathie","tag-dumps","tag-growth","tag-million","tag-popular","tag-stocks","tag-wood"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/8157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8157"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/8157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/8158"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAzMDg0NDY2\/ark-investment-management-llc-chief-executive-officer-cathie-wood-interview.jpg?profile=rss\")
Why Cathie Wood sold Robinhood and Roku after their rallies\u00a0<\/strong><\/h2>\n
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Why Eli Lilly led ARK\u2019s latest round of growth-stock buying<\/strong><\/h2>\n
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\nSource: Stockanalysis.\u00a0\n<\/li>\n<\/ul>\nWhat Cathie Wood\u2019s latest rotation means for growth-stock investors<\/strong><\/h3>\n