Düsseldorf Star investor Cathie Wood significantly reduced her portfolio in February: She liquidated a total of seven positions worth around $800 million in her flagship fund ARKK. This emerges from documents from her company ARK Invest.
Among other things, Wood sold her almost 15 million shares to Palantir for around 280 million dollars within six trading days in mid-February. The US data analysis company had disappointed with its full-year figures, this year it expects a decline in profit margin. The titles have lost around 30 percent of their value over the year.
Wood also got out of the short message service Twitter with the ARKK and sold shares worth around 270 million dollars from early to mid-February. The social media company had also disappointed with its numbers. Earnings and sales were below analysts’ expectations.
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