By Shivdeep Dhaliwal
Publication Date: 2026-03-29 13:31:00
On Thursday, Cathie Wood-led Ark Invest executed significant trades, focusing on reducing holdings in major tech companies. Among the prominent trades were the sales of shares in Meta Platforms Inc., NVIDIA Corp, Advanced Micro Devices Inc., Taiwan Semiconductor Manufacturing Co Ltd, Broadcom Inc., Alphabet Inc., and Netflix Inc.. These trades reflect a strategic shift in Ark’s investment approach amid market fluctuations.
Ark Invest made a notable move by selling shares of Meta Platforms across multiple ETFs, including ARK Blockchain & Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF. The sales amounted to 76,622 shares, valued at approximately $42 million, based on the closing price of $547.54.
This decision comes amid challenges for Meta, including a $6 million verdict related to product liability and ongoing layoffs. The broader market weakness and rising energy costs also contribute to the pressure on Meta’s stock.
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Ark Invest reduced its position in NVIDIA by selling 154,441 shares across ARKF, ARKK, and ARKW, totaling approximately $26.6 million at a closing price of $171.24. T
This move aligns with concerns highlighted by Scott Galloway, who warned of potential overvaluation in AI-centric companies. The tech sector’s high expectations could lead to significant market corrections, according to the report.
Ark Invest also sold 38,245 shares of AMD through ARKK and ARKW,…
