Cathie Wood's ARKK Sells Tesla, Amazon, AMD, Palantir, Shopify in No-Buy Monday
Cathie Wood's ARK Invest funds reported a net selling day on Monday, trimming stakes in Tesla, Amazon, AMD, Palantir, and Shopify with no purchases. Bitmine holdings were also reduced after a price pop.
Cathie Wood's ARK Invest funds reported a net selling day on Monday, trimming stakes in several major tech stocks without any purchases. According to daily trade disclosures from ARK Invest, the sales included shares of Tesla (TSLA), Amazon (AMZN), AMD (AMD), Palantir (PLTR), and Shopify (SHOP).
Stocks Sold
- Tesla (TSLA): Slight reduction in holdings.
- Amazon (AMZN): Partial sale.
- AMD (AMD): Reduced stake.
- Palantir (PLTR): Sold shares.
- Shopify (SHOP): Trimmed position.
- Bitmine (BMNR): Reduced after stock price surge.
Context
The sales come amid mixed performance for the stocks. Tesla shares have fallen about 20% over the past month, while Palantir gained 15% in the last week. Cathie Wood has not commented on the trades.
What It Means for Investors
These sales are likely part of routine portfolio rebalancing, as Wood takes profits or reduces exposure. They do not necessarily signal a bearish view on the companies.
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