Cathie Wood's Stock Trades Q2 2026: Full Breakdown

ARK Investment Management filed its 13F for the quarter ending June 30, 2026, disclosing $15.4 billion spread across 190 positions. Cathie Wood's flagship funds trimmed their largest bet, Tesla, while doubling down on Google and Amazon. The filing reveals a portfolio in flux: aggressive rebalancing toward mega-cap tech, selective buying in financial and blockchain names, and strategic cuts in some of her most crowded holdings.

!ARK Top 10 Holdings by Size. Tesla and AMD represent 12.8% of the $15.4B portfolio. The top 10 are 39.5% of the book.

What did Cathie Wood buy this quarter?

Wood's most aggressive moves landed in mega-cap technology. Google saw a 45 percent increase to $368.6 million, one of the largest percentage gains in the filing. Amazon climbed 17 percent to $379.2 million. Palantir Technologies added 3 percent to reach $374.8 million. Coinbase grew 6 percent to $367.1 million, signaling continued conviction in cryptocurrency exposure. Roblox jumped 10 percent to $351.6 million.

The most notable new capital deployment came into TEM (worth $580.6 million after a 4 percent add), though the filing does not identify the underlying company by its stock ticker for this position.

These buys tell a story: Wood is rotating toward profitability, scale, and regulatory clarity. Amazon and Google both trade at valuations closer to their historical norms. Coinbase's inclusion reflects ongoing bet on crypto infrastructure despite regulatory headwinds. The collective message: growth at any price no longer moves ARK.

What did Cathie Wood sell or reduce?

The most striking move was a 48 percent slash to AMD, reducing the position from $1.13 billion to $822.8 million. That is $308 million in outflows from one of her core semiconductor bets. AMD remains the second-largest holding by weight, but the conviction is clearly weakening.

Tesla, the portfolio's anchor at 7.5 percent of book, saw a modest 3 percent trim to $1.2 billion. Trimming a top-10 holding by that magnitude in a single quarter suggests Wood is lightening exposure to valuations that have already priced in heroic growth. SteadyShares rates Tesla at 52/100 with a 43 percent downside to fair value, so ARK's continued heavy weighting remains aggressive relative to our valuation.

Twist Bioscience (TWST) took a 28 percent haircut, falling to $468.1 million. Beam Therapeutics (BEAM) dropped 16 percent to $351.3 million. Robinhood Markets (HOOD), down 13 percent to $525.1 million, saw ARK reduce conviction even as fintech remains a thematic core. TXG was cut 15 percent to $383.5 million.

Wood exited no positions entirely. The cuts are rebalancing moves, not capitulation. But they signal a tactical shift away from early-stage biotech, single-stock volatility plays, and semiconductor concentration.

How does ARK's valuation look versus SteadyShares fair value?

ARK is holding meaningful positions in stocks that trade well below our fair values. Amazon, rated 68/100, is only 23 percent below fair value, the most attractively priced of the large holdings. Google, Palantir, and Coinbase offer deeper value on our model.

But ARK also owns several stocks we view as overpriced. Tesla (52/100, down 43 percent to fair value), Shop (31/100, down 68 percent), and AMD (60/100, down 68 percent) represent significant concentration in names that have already corrected from their peaks. You can review Cathie Wood's full position list on SteadyShares to see how each holding ranks against our independent fair values.

The portfolio's median valuation suggests Wood is buying selectively but not yet at bargain prices. Top 10 holdings at 39.5 percent of book (up from prior quarters) mean ARK is consolidating conviction in fewer names, a sign of higher confidence in mega-cap outcomes but lower diversification.

What sectors is ARK favoring now?

Technology dominates at 10.8 percent of the portfolio by sector classification. Consumer exposure stands at 10.0 percent. Financials represent 3.4 percent. Communication Services is 2.4 percent. A large 17.6 percent sits unclassified, likely reflecting ARK's tendency to hold private companies and SPACs alongside traditional public equities.

The unclassified chunk is telling. ARK remains structured to bet on private tech, space (SpaceX is the third-largest position at 5.0 percent of book), and innovation that does not fit neat sector buckets. But the pivot into mega-cap tech buying suggests the fund is also hedging its bets by adding dry powder in liquid, established names.

Has ARK changed its conviction on AI and semiconductor bets?

The AMD trim is the clearest signal. Wood cut nearly half the position in one quarter. That is not a tactical adjustment; that is a reset on how much semiconductor upside she expects to capture. AMD still represents 5.3 percent of the book, so conviction remains, but the sizing is coming down sharply.

AI exposure through direct semiconductor plays (AMD, foundries, chip designers) is being paired with exposure through end markets: cloud infrastructure (Amazon), software (Google), and crypto mining infrastructure (Coinbase). This is a maturation of the thesis. Early-stage semiconductor optionality is being traded for proven, cash-generative big tech.

Tesla's small trim (3 percent) is less dramatic, but combined with the AMD cut, it signals Wood is rotating out of "bet on the AI revolution via supply chain" and into "own the companies that will win with AI." That is a meaningful strategic shift.

The bottom line

Wood is rotating from early-stage supply-chain bets into large-cap technology and proven profitability. The AMD cut and Google surge show a fund reallocating toward valuations where growth is already being delivered, not promised. This is not a market rotation; this is ARK itself adopting a more measured stance on the highest-flying segments of her own thesis.