Cathie Wood's ARK Invest executed a significant series of stock sales on Thursday, March 26, 2026, offloading approximately $84 million worth of shares across major technology and chip companies. The firm also reduced its exposure to cryptocurrency by selling shares of its own spot Bitcoin ETF.
The largest sale involved Meta Platforms (META), with ARK selling 76,622 shares across three of its ETFs for an estimated $41 million to $45.6 million. This move followed a nearly 8% drop in Meta's stock after a Los Angeles jury found the company and Google liable for fueling youth addiction to social media. Meta faces potential damages exceeding $1.4 billion in that case and was separately ordered to pay $375 million in a New Mexico child exploitation lawsuit.
ARK also sold a substantial position in Nvidia (NVDA), offloading between 154,441 and 155,441 shares for roughly $26.4 million to $27.8 million. Nvidia's stock has been under pressure in 2026 despite strong financials, partly due to a public boycott call from game developers over its DLSS 5 AI technology, which they labeled an "AI slop filter." The company also faces a class-action lawsuit related to alleged crypto mining revenue gaps.
The sell-off extended across the semiconductor sector. ARK sold 38,245 shares of Advanced Micro Devices (AMD) for about $7.8 million and 15,696 shares of Taiwan Semiconductor Manufacturing (TSMC) for approximately $5.1 million. The firm cited industry-wide supply constraints, with TSMC's production capacity fully booked through 2026 and shortages extending to components like lasers and circuit boards.
Notably, ARK reduced its cryptocurrency holdings, selling around $11 million worth of shares in its spot Bitcoin ETF (ARKB) and about $6.5 million in shares of crypto exchange Bullish. Bitcoin's price fell around 4.8% in the 24 hours following the news, briefly dipping below $66,000. The only major purchase ARK made was adding 60,973 shares of Tempus AI for roughly $2.85 million, continuing a pattern of building that position.
