Cathie Wood just did what Cathie Wood does best: made a loud, decisive bet that doubles as a macro thesis. On June 26, ARK Invest offloaded roughly 570,391 shares of Alibaba Group across its ARKK, ARKW, and ARKF funds, a single-day sale worth approximately $54.2 million.
The day before, ARK had already trimmed about $17.6 million in BABA shares. Combined, the two-day reduction exceeded $71 million.
Where the money went
On the same day as the Alibaba dump, ARK purchased 68,366 shares of Coinbase for approximately $9.7 million. The firm also scooped up 41,601 shares of Palantir Technologies for about $4.5 million.
ARK had actually been adding to its Alibaba position earlier in 2026. The firm picked up around 145,000 shares in Q1, building on a position it first reopened in 2025.
