Cathie Wood's ARK Invest sold most of its Nvidia stake just before the chipmaker kicked off a rally that added $585 billion in market value
between early October and today following the chipmaker's massive year-to-date surge of more than 160%.announced jaw-dropping guidance as it benefits from a wave of demand
But the active investment manager, who has owned Nvidia on and off since the flagship fund's inception in 2014, missed out on massive gains as itwhen it held 1.3 million shares of Nvidia Today, Ark Invest holds just 390,000 shares across its suite of next-generation technology ETFs. The stock is not in its flagship Disruptive Innovation fund.
Ark's ill-timed share sale of Nvidia highlights the difficulties of actively managing a portfolio of disruption-focused investments, because even if you pick the right theme to invest in, there's no guarantee you'll pick the right companies to bet on.
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