Cathie Wood’s ARK Invest Dumps Roughly $265 Million Worth of Tesla Stock

By Chris Lange Published Sep 29, 8:15AM EDT

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Cathie Wood’s ARK Invest Dumps Roughly $265 Million Worth of Tesla Stock — © jetcityimage / iStock Editorial via Getty Images

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

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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