Cathie Wood Offloads Over 14,000 Meta Shares for First Time in a Year

Cathie Wood’s Ark (ARKK, Financial) Invest has begun offloading its stake in Meta (META, Financial), marking the first sale in nearly a year of this stock. On March 17, the fund sold 12,595 shares of the tech giant, followed by an additional sale of 2,160 shares on Tuesday.

Ark Invest had accumulated a substantial position in Meta during most of 2024, holding over 460,000 shares as of December 31, Bloomberg data shows. This move comes amid mounting pressure on Big Tech stocks as investors react to concerns over U.S. tariffs and aggressive advancements in artificial intelligence by Chinese startup DeepSeek.

Cathie Wood is now shifting her focus to the explosive technologies of sectors such as electric vehicles and crypto. The strategic repositioning by Ark Invest reflects growing market caution in light of macroeconomic challenges that investors are looking at revisiting the way they are exposed to traditional tech names.

This article first appeared on GuruFocus.