Prominent growth investor Cathie Wood is rebalancing her largest and most familiar growth-stock fund. The Ark Innovation ETF (NYSEMKT: ARKK) exchange-traded fund has sold millions of shares in Coinbase Global (NASDAQ: COIN), Zoom Video Communications (NASDAQ: ZM), and (NYSE: TWLO) in recent weeks.

These are some of Cathie Wood's best-loved investments, and she often praises them in recent interviews. So why is she dumping these choice holdings by the boatload?

I don't have a direct line to Wood's fund management office, but let's try to figure out why she's leaning away from these particular stocks in February 2024.

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Source Fool.com