Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMoz FarooqueSat, June 20, 2026 at 12:33 AM GMT+2 5 min readOn June 18, Cathie Wood’s ARK Invest showed off a notable rotation following a superb run in two of the most popular high-growth stocks.Investors had been rewarding Robinhood (HOOD) for its cost-cutting plan and Roku (ROKU) for its takeover-driven rally, but ARK moved in the opposite direction.Wood took profits in both stocks after the catalysts lifted sentiment, turning both into sources of cash.Those adjustments land against a far more buzzworthy story.Wood recently built a major post-IPO position in SpaceX, with ARK buying nearly 3.3 million shares that were worth about $531 million by the end of the stock’s first trading day, adding to her reputation among fans and investors as a big-name, high-risk, high-reward stock picker.On top of that, the ARK Invest boss didn’t just move to the sidelines.The firm added to Eli Lilly, Coinbase, and other big names linked to new catalysts, pointing to a major shift from completed or mature rallies toward fresh upside stories.However, the question now beckons whether Wood is taking profits early or getting ahead of a momentum fade.Cathie Wood’s ARK sold Robinhood and Roku after sharp stock ralliesJose Sarmento Matos/Bloomberg via Getty ImagesWhy Cathie Wood sold Robinhood and Roku after their rallies Wood’s Robinhood and Roku sales point to a classic case of profit-taking after sudden catalysts.More AI:Goldman Sachs has blunt message for AI stock investorsMicrosoft CEO sends a blunt warning on AI and the tech ecosystemThe next AI infrastructure race has nothing to do with chipsRobinhood became one of ARK’s largest trims of the day.The firm sold off 275,572 shares through the ARK Innovation ETF, worth $26.65 million. According to Reuters, the sale came just after Robinhood said it would cut about 10% of its full-time workforce, or roughly 290 jobs, as CEO Vlad Tenev pushed the company to stay lean and focused.The cost-cutting offered investors a cleaner margin story, and the stock jumped as analysts lifted price targets. For Wood, that rally created an easy window to lock in gains.Roku offered a different kind of catalyst.ARK sold 239,267 shares across ARKK, ARKW, and ARKF, worth about $33.01 million, after Fox agreed to buy Roku in a $22 billion deal valued at $160 per share.The deal gave Roku shareholders a defined takeover price and pushed the stock close to that level. That reduced the upside case for ARK, turning Roku into a source of cash rather than a fresh growth bet.Why Eli Lilly led ARK’s latest round of growth-stock buyingEli Lilly led ARK’s buying as Wood shifted cash from stocks to the most in-demand healthcare player.ARK scooped up 41,138 Lilly shares through the ARK Genomic Revolution ETF, putting about $46.18 million into the drugmaker after a pullback in the stock.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info