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

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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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