Cathie Wood’s ARK Invest Dumps Roughly $265 Million Worth of Tesla Stock
A few of Cathie Wood's ARK Invest exchange-traded funds sold over 340,000 shares of Tesla on September 28.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold roughly $265 million worth of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the prices of these funds were down around 4% on Tuesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 269,552 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 44,045 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 27,021 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $265 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up anywhere between 24% and 41% in the past year.
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | NVS | NOVARTIS | 320,220 |
| ARKG | SDGR | SCHRODINGER | 97,947 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 239,900 |
| ARKG | CLLS | CELLECTIS | 700 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 36,178 |
| ARKK | NTDOY | NINTENDO | 182,573 |
| ARKK | TSLA | TESLA | 269,552 |
| ARKK | SE | SEA | 198,375 |
| ARKQ | GOOG | ALPHABET | 1,400 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 20,023 |
| ARKQ | TSLA | TESLA | 44,045 |
| ARKW | TSLA | TESLA | 27,021 |
| ARKW | SNAP | SNAP | 68,883 |
| ARKX | GOOG | ALPHABET | 594 |
| ARKX | HEI | HEICO | 2,235 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
Contact [email protected] for any questions or corrections.






