Cathie Wood's ARK Invest sold 40,000 shares of Reddit Inc. on November 11, 2025, with the trade being made public on November 12. The total value of the sold shares amounted to approximately $8.17 million. This transaction was spread across two of ARK's exchange-traded funds, ARKW and ARKF, and represents a significant reduction of their position in the company. The sale comes after a period of positive momentum for Reddit's stock, which was bolstered by a strong third-quarter earnings report that surpassed expectations. The divestment by a prominent and closely watched investor like Cathie Wood could signal a shift in institutional sentiment. The market's direct reaction to this specific trade has not yet been analyzed in available reports.