ARK Invest Adds to SpaceX, Tesla and Nvidia While Narrowing Crypto Exposures

Overview

• ARK disclosed roughly $40.2 million of purchases spread across Tesla, SpaceX and Nvidia on July 28, including about $12.2 million for 105,108 SpaceX shares.
• The firm allocated the new shares across multiple actively managed ETFs so no single fund exceeds its position limits, with Nvidia added to five ARK funds and Tesla and SpaceX split among ARKK, ARKQ, ARKW, ARKX and ARKF.
• On the same trading day ARK trimmed fintech and crypto-linked stakes, selling about $4 million of Robinhood, $2.3 million of Block and $1.6 million of Bullish to rebalance weights.
• ARK simultaneously made small purchases in crypto-related vehicles, buying BitMine stock and shares of the 3iQ Solana Staking ETF while its digital assets lead warned the crypto industry faces a deep consolidation phase with likely acquisitions and failures.
• The moves follow recent weakness in AI, semiconductor and space stocks and show ARK is buying dips to build long-term exposure, a strategy that raises volatility for shareholders if tech prices keep falling but could increase returns if those core bets recover.