Cathie Wood sells nearly all of her Zillow holdings after flagging housing market concerns

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.

Kyle Grillot | Bloomberg | Getty Images

Innovation investor Cathie Wood dumped all but a handful of Zillow shares from her flagship fund on Wednesday after raising a flag that the digital real estate platform’s troubles are a cautionary signal on the overall housing market.

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