Cathie Wood just called back one of the biggest names in big tech.
ARK Invest Boss’s Shed 3,578 shares of Metaplatforms (META) on March 25, a movement worth almost 2.1 million dollars.
The sale was spread across three of ARK’s top actively managed ETFs, with Meta breaking out of a rough patch, having fell 16% of its value in the last month.
It is important to note that ARK has had a mostly weak start to the year.
For perspective, according to TotalRealReturns as of March 25Wood’s flagship ARK Innovation ETF (ARKK) was trading in the red, down 9.13% so far this yearwhile the S&P 500 lost more than 5% on a full return basis as of March 26.
Wood’s coolness toward Meta comes as the company faces multiple headwinds, from legal setbacks to capital spending concerns and layoffs that indicate deeper stress.
While the dollar amount may be small by ARK standards, the move suggests Meta is no longer the tech’s “it” stock, even if it remains on the radar.
Cathie Wood Sells Part of Big Tech Holding as Investors Eye Ark’s Latest Strategy ShiftPhoto by Bloomberg on Getty Images ·Photo by Bloomberg at Getty Images
Sold 3,578 shares of Metaplatforms (GOAL) for approximately 2.1 million dollars.
Bought 84,939 shares by Tempus AI (TEM) for almost $4 million.
Wood’s is unique in bringing what is often described as venture capital thinking to the public markets.
The fund manager buys and sells
So instead of building a portfolio around the usual suspects, look for companies linked to major technological shifts that could disrupt entire industries.
At ARK Invest, this means focusing on topics such as artificial intelligence, robotics, electric vehicles, energy storage, DNA sequencing and blockchain.
A big part of that pioneering philosophy is patience.
Wood maintains that disruptive innovation is inherently volatile, which is why ARK typically frames its research on a multi-year horizon, often five years.
Therefore, short-term changes are unlikely to break the central thesis.
Consequently, their dynamic trading style follows the same logic.
Wins are usually treated as a reality check, so ARK typically trades based on reaction rather than the event itself.
So if a high-conviction stock falls due to particular sentiment rather than fundamentals, Wood has shown a willingness to charge on the dip.
On the other hand, when a particular position becomes too large, ARK tends to trim it and use those impressive gains to fund other names that it still believes offer long-term upside.
Meta stock has been under pressure lately and it’s not just one headline.
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It’s a combination of huge legal risk, growing spending on AI, and new cost cuts occurring at virtually the same time.
More recently, in California, a jury found Goal and Google are negligent in a landmark social media addiction case, granting $6 million in damage, with Meta bearing 70% of the total.
In New Mexico, Meta faced a much bigger challenge.$375 million penalty for child safety claims, and the next phase will delve into product changes, including stricter age controls, limits on notifications and other restrictions.
Aside from the obvious financial impact, this is very important for investors because it now begins to challenge the design choices that keep users engaged and ads flowing (Meta’s revenue stream).
At the same time, it leaves no room for execution errors.
Facebook’s parent company said capital expenditures in 2026 could reach $115 billion to $135 billionfrom $72.22 billion in 2025. At the same time, the company laid off a few hundred employees this week to offset the huge costs of increased AI and other operating expenses.
Consequently, Meta stock has taken a significant hit recently.
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Goal closed in $660.09 in December 31, 2025and was quoted around $547.54 in March 27, 2026below 17.1% so far this year. Especially in the last few months, we’ve seen stocks take a monumental beating.
However, compared to its history, the stock looks relatively cheaper.
According to Looking for Alfa, it is trading at around 19.67 future non-GAAP earnings, which are approximately 13% below its five-year average. Similarly, it trades at 11.2 times forward cash flows, 26% behind the sector median.
That perhaps explains why analysts consider it a value play in the Big Tech space, with an average consensus price target of $862.60implying 57.54% the other way around.
Wood’s has been a net seller of Meta Platforms stock lately, even though it made a couple of small additions along the way.
In First quarter of 2025cut its participation in Meta in 10.3%downloading almost 47,900 shares. Later in Q2followed with an even bigger move, selling 30.2% of its shares, or approximately 126,000 actions.
More recently, his tone has shifted toward modest purchases.
For example, in Q3Wood raised his position in Facebook’s parent company by 2.7%loading in 7,910 shares. However, in Q4that change was barely perceptible, with only 137 shares aggregate.
Even so, ARK still remains approximately 299,000 sharesworth almost $164 millioneither 1.26% of their total holdings, according to Stockcircle.
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This story was originally published by TheStreet on March 27, 2026, where it first appeared in the Investments section. Add TheStreet as a preferred source by clicking here.
