Cathie Wood’s ARK Invest sold 570,391 shares of Alibaba Group Holding Ltd. from its ARKK, ARKW, and ARKF ETFs on Friday, June 26, 2026.
This transaction carried a total value of approximately $54.2 million. The move continues a recent trend of ARK reducing its exposure to the Chinese e-commerce giant.
This divestment contrasts with the Moderate Buy rating currently held by most Wall Street analysts. Alibaba faces additional pressure from geopolitical tensions and regulatory scrutiny.