TLDR
- ARK Invest sold 58,119 Nvidia shares worth ~$9.95M on March 27, following a 154,000-share sell-off the day before.
- Meta saw 10,500 shares sold for $5.75M, with pressure from court rulings tied to social media harm to children.
- Tesla saw 4,221 shares sold for ~$1.57M after TSLA dropped 2.76% to $361.83 following a lowered delivery forecast.
- AMD and Teradyne were also trimmed, with ARK selling $3.9M and $5.08M worth of each respectively.
- ARK bought 48,659 shares of Arcturus Therapeutics (ARCT) for ~$344,505, adding to a recent healthcare position.
Cathie Wood’s ARK Invest continued offloading big tech positions on Friday, March 27, extending what has become a notable week-long sell-off across the firm’s ETF lineup.
The moves came a day after ARK sold over $84 million in tech, and the pattern held: less tech, more caution.
ARK’s ARKK, ARKW, and ARKF ETFs combined to sell 58,119 shares of Nvidia for approximately $9.95 million. That followed the sale of 155,441 Nvidia shares on March 26 worth $27.77 million. Concerns around high AI valuations and developer criticism of Nvidia’s latest tools have been cited as part of the backdrop.
Meta Platforms also saw continued selling, with 10,500 shares unloaded for $5.75 million. The day before, ARK had sold 76,622 Meta shares for $45.58 million. Recent court rulings tied to social media harm to children have added pressure to Meta’s outlook, raising questions about potential fines and tighter regulation.
Tesla was trimmed too. ARK sold 4,221 TSLA shares for about $1.57 million. The stock had dropped 2.76% to $361.83 after the company revised its 2026 delivery forecast down to 1.69 million vehicles from 1.75 million.
Chip Stocks See Broad Retreat
Semiconductor names got hit across the board. ARK sold 19,126 AMD shares for $3.90 million, adding to the 38,245 shares sold the prior day for $8.42 million. Teradyne saw 17,092 shares sold for $5.08 million, continuing Thursday’s sale of 16,009 shares worth $5.18 million.
The selling across chip names reflects growing concern about supply constraints and stretched valuations after a strong run in the sector.
Roku also saw a trim, with 9,274 shares sold for $825,664. ARK sold 37,876 shares of Bullish (BLSH) for $1.38 million, part of a pattern of consistent offloading in that name.
ARK Adds to Healthcare
While tech saw selling pressure, ARK’s ARKG ETF went the other way, buying 48,659 shares of Arcturus Therapeutics for roughly $344,505. It wasn’t ARK’s first recent move into ARCT — the firm had also picked up 4,525 shares on March 24.
The healthcare add stands out as the only buy across ARK’s disclosed trades for the session.
On the week as a whole, ARK’s selling in tech has been broad and consistent — Nvidia, Meta, AMD, Teradyne, Tesla, Roku, and Bullish all saw positions reduced across multiple sessions.
The ARCT purchase of $344,505 worth of shares on March 27 was the sole buy in an otherwise sell-heavy trading day for the firm.
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