Cathie Wood dumps $8.46 million in software giant

Cathie Wood’s ne'er been shy successful rebalancing aggressively erstwhile she feels the market’s mispricing innovation, and her latest trades acceptable that statement perfectly.

The ARK Invest brag dumped nearly 855,000 GitLab (GTLB) stock successful conscionable a fewer days, which includes a monolithic 208,528-share merchantability connected November 28 (worth astir $8.5 million), adjacent arsenic the bundle elephantine posts immoderate coagulated top-line figures.

Additionally, Wood besides trimmed positions successful Iridium, Ibotta, and Exact Sciences arsenic she poured into much of her ain Bitcoin ETF.

For context, ARK is moving a tiny but potent crypto ETF lineup, spearheaded by its spot ARK 21Shares Bitcoin ETF and the futures-based ARK 21Shares Active Bitcoin Futures Strategy ETF.

Both connection simple, streamlined ways to ain Bitcoin.

Wood ties it to her bold forecasts connected Bitcoin, connected the backmost of its fixed proviso (21 cardinal coins) and increasing astute wealth demand, perchance sending it to $1.2–$1.5 million by 2030, a setup she calls “Bitcoin unleashed.”

Wood’s caller moves felt similar noticeable resets.

GitLab drew the headlines, but ARK trimmed aggregate holdings arsenic it doubled down on  themes she feels person much punch successful the adjacent term.

That’s a acquainted ARK playbook: Wood cuts vulnerability wherever momentum cools off, portion adding to disruptors, keeping the portfolio pointed toward the much fast-moving corners of innovation.

Related: ‘Rich Dad Poor Dad’ writer drops stark informing connected banal market

Major ARK sell-offs:

• GitLab (Nov. 25): Sold 646,911 shares ($26.8 million) crossed ARKK and ARKW.

• GitLab (Nov. 28): Sold 208,528 shares ($8.46 million), continuing a weeklong unwind.

• Iridium Communications: Trimmed 89,446 shares ($1.47 million).

• Ibotta: Cut 22,281 shares ($523,000).

• Exact Sciences: Reduced 918 shares ($93,000).

 ARK buys:

• ARK 21Shares Bitcoin ETF: Added 70,125 shares ($425,000) crossed ARKW and ARKF arsenic Wood leans harder into crypto exposure.

GitLab’s investors person had a unsmooth outing truthful acold this year, with the banal down more than 27% twelvemonth to date. That comes arsenic a surprise, arsenic the broader tech abstraction enjoyed different twelvemonth of rollicking returns.

For perspective, GitLab offers its clients an all-in-one workbench for modern bundle teams, handling everything from readying codification to deploying it efficiently successful production.

Moreover, it avoids the messiness of stitching unneurotic a myriad of DevOps tools, which makes the stock’s caller slump consciousness disconnected from the product’s relevance.

GitLab’s 2025 was incredibly rocky, truthful it wasn’t hard to spot wherefore Wood trimmed her presumption successful the stock.