Love her or roll your eyes, Cathie Wood is still moving the tape.
The ARK founder has built an unmatched reputation through her investments in disruptive innovation, focusing on areas such as AI, autonomy, fintech, and biotech, while accepting any volatility that comes with it.
A big part of why investors gravitate towards her is in her transparency (daily trades) and concentrated bets, where she’s unafraid to zig when Wall Street zags. Additionally, she’s able to rotate quickly, add on weaknesses, trim into strengths, and let the winners run until the bull thesis breaks.
That philosophy is perhaps most visible in ARK’s top 10 holdings, listed below with their weightings in its combined portfolio:
- Tesla: 9.94%
- Coinbase: 4.87%
- Roku: 4.66%
- Shopify: 4.62%
- Palantir: 4.60%
- Roblox: 4.39%
- Robinhood: 3.90%
- Tempus: 3.83%
- CRISPR Therapeutics: 3.65%
- AMD: 3.27%
So far this year, ARK’s flagship innovation fund has logged a powerful double-digit gain, blowing past the S&P 500’s steadier mid-teens jump. However, the flip side is volatility, as evidenced by the past quarter, where Wood’s picks have swung far more than the index.
Keeping that in mind, her latest move turns heads.
In a week when she’s leaning into fintech and automation, Wood quietly trimmed Palantir (PLTR), one of the marquee names in AI, which raises some major questions.
Bloomberg/Getty Images
Cathie Wood pares back Palantir as ARK reshuffles its AI bets
Cathie Wood’s ARK Invest eased its exposure to Palantir Technologies on Oct. 10, marking a relatively small but notable trim.
The fund sold off roughly 4,000 shares worth $754,000, a move that comes at a time when Palantir stock is cooling after a red-hot run earlier in the year.
Wood has been a vocal supporter of Palantir’s robust data-driven software platform. Still, her recent moves point to a cautious recalibration as AI valuations reach nosebleed levels.
Fund manager buys and sells:
- Cathie Wood pours millions into a tech giant
- Fund manager drops bombshell call on Nvidia stock
- Cathie Wood makes surprising deeper bet on robotaxis
Still, Wood’s conviction in innovation is far from fading.
On the buy side, ARK Fintech Innovation ETF scooped up 1.2 million shares of LY Corp.,an up-and-coming Japanese digital giant, and expanded its stake in Klarna Group with 76,000 shares, underscoring confidence in fintech recovery. Also, ARKQ added Pony.ai, an emerging robotaxi play.
Related: Nvidia-backed AI stock’s monster run gets CoreWeave jolt
The shift wasn’t limited to Palantir.
ARK funds also shed 9,100 shares of Roblox for nearly $1.15 million, including 18,300 Shopify shares across its ARKF and ARKW funds, coming up to around $3 million. Smaller cuts included Futu Holdings and Brera Holdings, as Wood tightened exposure to digital platforms that went on a tear earlier in the year.
Buys
• LY Corp.: 1,221,200 shares purchased, worth nearly $3.75 million
• Klarna Group: 76,418 shares purchased, worth nearly $3.15 million
• Pony.ai: 10,558 shares purchased, worth nearly $235,000
Sells
• Palantir Technologies: 4,064 shares sold, worth roughly $754,000
• Roblox: 9,114 shares sold, worth about $1.15 million
• Shopify: 18,367 shares sold across ARKW and ARKF, worth nearly $3 million
• Futu Holdings: 6,868 shares sold, worth roughly $1.2 million
• Brera Holdings: 3,202 shares sold, worth nearly $60,000
Palantir’s 2025 has been about earnings beats, big deals, and an unstoppable stock
Palantir has turned all the AI hype into operational momentum this year, and the market has taken notice.
Shares have skyrocketed 130%+ year-to-date, pushing the company’s value over $400 billion, with investors pricing in healthier growth from its popular AI platform (AIP) across defense and commercial accounts.
Related: Veteran Tesla analyst drops jaw-dropping new price target
Compared to the end of 2023, Palantir’s market cap has surged from $40 billion to a colossal $416.2 billion, representing an eye-popping 940%+ growth, nearly a 10× increase.
On the numbers, Palantir posted sparkling top-and-bottom-line numbers in both Q1 and Q2. Q1 revenue jumped 39% year-over-year, while topping consensus estimates by $64.23 million and setting up a guidance raise.
Then Q2 hit a new high-water mark, delivering $1 billion in revenue (up 48% year-over-year) and a $0.16 adjusted EPS, beating Wall Street estimates. Management also hiked both Q3 and full-year outlooks, on the back of growing U.S. demand for AIP.
Contracts backed the print.
For instance, the U.S. Army consolidated roughly 75 agreements into a 10-year enterprise deal along with a ceiling of up to $10 billion, offering agencies a quicker, volume-discount path to Palantir software.
The U.S. Space Force issued an eye-catching $218 million delivery order for Space C2 Data Platform work, growing Palantir’s space command-and-control role.
Additionally, the Pentagon increased the ceiling for Palantir’s Maven Smart System by a substantial $795 million, indicating a much larger near-term deployment of AI-enabled targeting and intelligence workflows.
Put together, Palantir’s position essentially shifts from “AI contender” to AI infrastructure incumbent, and that’s exactly the bet its stock has been riding all year.
Related: Major analyst drops 5-word take on market pullback
#Cathie #Wood #sells #shares #major #stock