Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp stake in early January, missing out of the chipmaker’s $200 billion rally that came after the company soundly beating earnings.
Although Wood holds Nvidia across several of her smaller funds, investors in the flagship ARK Innovation ETF (ticker ARKK) have mostly been left out of this year’s blistering 161.58% rally.
Wood has been a long-time fan of Nvidia, but her conviction on the stock has wavered at times.
When ARKK first launched in 2014, the chipmaker was one of the fund’s top holdings. And since the fund’s inception, Nvidia has contributed 13% of the fund’s 112% total return, according to data compiled by Bloomberg.
Wood’s remaining Nvidia stake spread across four smaller ARK ETFs is worth $150 million. Wood holds $25 million of Nvidia peer Advanced Micro Devices Inc. in the ARK Next Generation Internet ETF.