Cathie Wood buys more on dips as tech stocks plunge, sells AMD worth $17.22 million

According to The Street on May 11, the daily trading records for Cathie Wood’s Ark Innovation ETF (ARKK) show that the largest single buy was 183,298 shares of Kratos Defense and Security Solutions; the largest single sell was 37,836 shares of AMD.

May 11 Key Trading Records

Based on the ARK ETF’s daily trading records released for May 11, 2026, the main buy transactions are as follows:

Kratos Defense and Security Solutions (KTOS): 183,298 shares, amounting to $10,611,121, continuing last week’s trend of increasing holdings

Tempus AI (TEM): 162,765 shares, amounting to $8,115,462, continuing to increase holdings

Natera (NTRA): 31,103 shares, amounting to $6,041,446

Circle Internet Group (CRCL): 41,904 shares, amounting to $4,763,227

Intellia Therapeutics (NTLA): 92,198 shares, amounting to $1,299,069

The main sell transactions are as follows:

AMD: 37,836 shares, amounting to $17,222,568, continuing the recent trend of reducing holdings

Twist Bioscience (TWST): 95,914 shares, amounting to $5,452,710

Rocket Lab (RKLB): 33,029 shares, amounting to $3,483,568

Veracyte (VCYT): 23,834 shares, amounting to $963,370

CareDx (CDNA): 18,013 shares, amounting to $393,043

ARKK Performance Data and Morningstar Analysis

Based on Morningstar data, as of May 7, 2026, ARKK’s five-year annualized return was -6.17%, while the S&P 500’s annualized return over the same period was 13.45%. Within the 12 months as of May 7, 2026, ARKK’s net fund outflow was approximately $1.32 billion.

Based on the analysis by Morningstar analyst Amy Arnott, from 2014 to 2024, the Ark Innovation ETF caused investors’ wealth to evaporate by $7 billion, ranking third in its “wealth destruction” category among all mutual funds and ETFs.

Based on a report by Morningstar analyst Bella Albrecht, two funds under ARK were the worst performers in the first quarter of 2026. Among them, the Ark NextGeneration Internet ETF (ARKW) ranked second from the bottom, while ARKK ranked fifth from the bottom.

In 2025, ARKK rose 35.49%, outpacing the S&P 500’s 17.88% gain in the same year; meanwhile, during the 2022 bear market, ARKK crashed by more than 60%.

Cathie Wood’s Stance on AI and the “Great Acceleration”

According to The Street, Ark Investment Management CEO Cathie Wood said on March 23, 2026, on a Bloomberg podcast episode that the global economy will not fall into a recession, but will instead enter a “great acceleration” period driven by AI and other breakthrough technologies. Wood said: “We won’t repeat the cycle of the Great Depression—we’ll experience a great acceleration in the economy.” Wood has long focused on technology companies in AI, blockchain, biomedical technologies, and robotics.

FAQ

Which stocks were the largest single buy and sell for the ARK ETF on May 11?

Based on the ARK ETF’s daily trading records for May 11, the largest single buy was KTOS (Kratos Defense and Security Solutions) with 183,298 shares, amounting to $10,611,121; the largest single sell was AMD with 37,836 shares, amounting to $17,222,568.

What is ARKK’s current five-year annualized return?

Based on Morningstar data as of May 7, 2026, ARKK’s five-year annualized return was -6.17%, while the S&P 500’s annualized return over the same period was 13.45%. Morningstar analyst Amy Arnott noted that from 2014 to 2024, ARKK caused investors’ wealth to evaporate by $7 billion, ranking third in the “wealth destruction” fund category.

What is Cathie Wood’s latest public stance on the current macroeconomy?

According to The Street, Wood said on March 23, 2026, on a Bloomberg podcast episode that the global economy will not fall into a recession, but will instead enter a “great acceleration” period driven by AI and other breakthrough technologies.