Why did Cathie Wood sell Robinhood and Roku shares?

The sale appears to follow strong gains in both stocks, as part of a portfolio rotation or profit-taking strategy.

What was the total value of the sale?

The total value of shares sold was approximately $59 million.

Did ARK Invest sell any other stocks?

The report did not mention any other stock sales besides Robinhood and Roku.

Cathie Wood Sells Nearly $60M in Robinhood, Roku Stocks

ARK Invest's Cathie Wood sold about $60 million worth of Robinhood and Roku shares after strong gains, signaling a portfolio rotation.

June 20, 2026

2 min read

Source: TheStreet

Key Numbers

sale value

~$60M

robinhood sale

$34M

roku sale

$25M

robinhood ytd gain

60%

roku ytd gain

50%

ARK Invest, led by famed investor Cathie Wood, sold nearly $60 million worth of shares in Robinhood (HOOD) and Roku (ROKU) on June 18, according to daily trading updates. The move comes after both stocks posted substantial gains this year.

Trade Details

Robinhood (HOOD): $34 million worth of shares sold.
Roku (ROKU): $25 million worth of shares sold.
Total: Approximately $59 million.

Possible Reasons

ARK Invest appears to be rotating its portfolio after significant gains. Robinhood stock has risen about 60% year-to-date, while Roku has gained 50%, driven by cost-cutting measures and takeover speculation respectively. Wood may be rebalancing or taking profits.

Context

ARK Invest is known for its high-growth stock investments, often buying dips and selling rallies. This is not the first time it has trimmed positions after a surge.

Sector Moves

No other major funds have shown similar moves yet, but some analysts see the sales as a sign that both stocks may have reached elevated valuations.

Frequently Asked Questions

ARK sold $34 million worth of Robinhood shares.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.