Cathie Wood, head of Ark Investment Management, is known for actively trading tech stocks she believes will shake up industries. She frequently adjusts her positions, selling stocks when the prices rise.

Cathie Wood, CEO and CIO of Ark Invest and longtime bitcoin (BTC-USD) advocate has sold over 36K shares of ARK 21Shares Bitcoin ETF (ARKB).

The stock of Palantir Technologies (PLTR, Financial) fell 3% on early trading on Tuesday after Cathie Wood-Ark Invest sold $15 million worth of Palantir shares, or 196,728 shares in total, across various ETFs.

Palantir Technologies stock had a great 2024, but the new year is starting off rocky for the software company. Palantir stock fell 7.8% to $69.99 and was the worst performer in the S&P 500 on Tuesday as the index dropped 1.

With Ark Invest ending 2024 on a strong note, the aggressive growth icon is hoping to build on that momentum in 2025.

Wood remains a long-time supporter of tech disruptors, but her pivot away from Palantir underscores concerns about its valuation.

The largest exchange-traded fund at Cathie Wood’s ARK Invest couldn’t keep up with the broader market last year, but the growth-focused investment firm found success in its other ways as investors gravitated toward certain innovations more than others.