Cathie Wood sells $8.7 million of tumbling AI stock
Ark Investment Management head Cathie Wood sold $8.7 million of Palantir stock. The move follows a year-to-date decline of roughly 28% for the AI company. Wood is known for investing in disruptive technology.
What changed
The sale amount is updated to $8.7 million from the previously reported $8.8 million.
Live updates
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Cathie Wood reduces Palantir holdings as stock price drops
confidence 60%Ark Investment Management head Cathie Wood sold $8.7 million of Palantir stock. The move follows a year-to-date decline of roughly 28% for the AI company. Wood is known for investing in disruptive technology.
Still unconfirmed:
- Cathie Wood sold $8.7 million of Palantir stock.
- Palantir stock fell roughly 28% year to date.
- The Ark Innovation ETF gained 35.49% in 2025.
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Cathie Wood sells $8.8 million in Palantir shares
confidence 100%Ark Investment Management reduced its Palantir position on June 15, 2026. The firm sold $8.8 million of the AI stock. This trade occurred amid a broader series of sells across various holdings.
What's confirmed:
- Cathie Wood sold $8.8 million of PLTR on June 15, 2026.
- The PLTR sale represented 0.11% of the ARKK ETF.
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Cathie Wood Sells $8.7 Million in Palantir Stock
confidence 90%Cathie Wood and Ark Investment Management reduced their stake in Palantir by selling approximately $8.7 million of the AI stock. The move follows a period where Palantir shares fell roughly 28% year to date. Palantir closed at $126.28 on June 18.
What's confirmed:
- Cathie Wood sold approximately $8.7 million of Palantir stock.
- Palantir shares fell roughly 28% year to date.
- Palantir closed at $126.28 on June 18.
- The Ark Innovation ETF gained 35.49% in 2025.
Still unconfirmed:
- Ark Investment Management trimmed holdings in Roku, Tesla, and AMD during a No-Buy Monday.
- Ark Invest rotated nearly $60 million out of popular growth stocks on June 18.
- The Ark Innovation ETF is up 1.58% so far this year while the S&P 500 rose 9.60%.