ARK Invest Boosts Tesla Stake, Sells Roku Ahead of July 4 Weekend

Overview

• ARK bought 96,935 Tesla shares across three ETFs for about $41.2 million following Tesla’s Q2 delivery beat of 480,126 vehicles.
• The firm sold 180,228 Roku shares worth roughly $25.3 million, continuing a recent pattern of trimming its streaming exposure.
• ARK added about 91,353 shares of crypto-exchange operator Bullish and 54,838 shares of fintech firm SoFi to increase positions in crypto infrastructure and fintech.
• Smaller sales included stakes in Twist Bioscience, Strata Critical Medical, Iridium Communications, and Absci as proceeds were redeployed into higher-conviction technology names.
• These moves extend a rotation that began after the SpaceX IPO and show Cathie Wood concentrating capital around companies with near-term catalysts, which could shift ARK funds’ sector weights and risk profile into the holiday period.