Cathie Wood - ARK and Nvidia (Patreon)
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NOTE: I bring this up to show people who sold early - they are not alone. The PROS sold a lot earlier. I HAVE A LOT OF RESPECT FOR CATHIE.
Cathie felt early Jan 2023 that the NVDA valuation was astronomical... Per Cathie “For a flagship fund, where we’ve consolidated towards our highest conviction names, part of that has to do with valuation.”
In October — when the stock started to recover from its lowest level since August 2020 — ARKK held over 750,000 shares. Wood trimmed that position to just under 39,000 shares by late November, slashing that to zero by mid january 2023, according to data compiled by Bloomberg.