Cathie Wood of Ark Investment Management adjusts her top positions by selling when stocks rise and buying when they fall, capturing gains in the recent market rally. She’s recently been taking profits from one of her AI performers. Wood’s funds have swung from losses to gains this year, with ARKK up 54% year-to-date.

Wood’s investment strategy focuses on emerging high-tech companies in AI, blockchain, biomedical tech, and robotics. Despite big fluctuations in Ark funds’ values, she believes these companies can bring long-term returns. However, recent outflows from the Ark Innovation ETF highlight investor skepticism.

Wood has been selling shares of Palantir, a tech company on a strong uptrend this year. Palantir offers AI-driven data analytics software to government and commercial clients. The company is set to announce its fiscal Q3 results, with strong revenue growth and raised full-year guidance. Wood remains bullish on software, with Palantir being one of her top picks.

Read more at Yahoo Finance: Cathie Wood sells $8 million of popular tech stock