đ ARK ETFs Divest Tesla Shares (~$29.67 M)
What happened: Cathie Woodâs ARK Invest funds sold 60,715 shares of Tesla (TSLA) as part of their daily ETF trades, generating about $29.67 million in proceeds.
Investors
Which ARK ETFs: The sales were recorded across multiple ARK actively managed ETFs typically ARK Innovation (ARKK), ARK Next Gen Internet (ARKW) and ARK Autonomous Tech & Robotics (ARKQ).
Investors
Context: This transaction is part of a recent trend of trimming Tesla exposure while reallocating capital to other themes like crypto-related stocks and innovation sectors. Tesla remains a top holding in several ARK funds despite the reduction.
Investors
đ Broader ARK Trading Trends
Recently, ARK has continued rotating its portfolio, selling larger blocks of TSLA shares and adding positions in other assets such as cryptocurrency-linked stocks and thematic growth names. This reflects an evolving focus within its disruptive innovation strategy.
AInvest
Teslaâs shares still represent a high weight in ARKâs flagship ETFs, even after periodic trimming."