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Cathie Wood sells $16.2 million of tumbling megacap stock
Key takeaways
- Yet Wood recently reduced one of her highest-conviction investments, Tesla, after the stock fell roughly 6.23% over the past month and is down more than 9% year to date.
- In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the same period.
- Wood gained a reputation after the Ark Innovation ETF delivered a 153% return in 2020.
Cathie Wood sells $16.2 million of tumbling megacap stock Silin Chen Sun, June 14, 2026 at 5:46 AM GMT+7 6 min read Cathie Wood, chief of Ark Investment Management, has built a reputation for backing disruptive tech companies.
Yet Wood recently reduced one of her highest-conviction investments, Tesla, after the stock fell roughly 6.23% over the past month and is down more than 9% year to date.
In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in the same period. But so far this year, Wood’s flagship Ark Innovation ETF (ARKK) is down 2.85%, while the S&P 500 surged 8.56%, Yahoo Finance data shows.
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