Cathie Wood's ARK Sells $21.8M Tesla Shares, Buys $18.3M Tempus AI Stock
On Dec. 12, Ark Innovation , a company of Cathie Wood, disclosed its portfolio trades, showing how assets are moving from one Ark ETF to the next. The ARKK ETF sold 51,335 shares of Tesla Inc. , the biggest transaction of the day, with proceeds worth approximately $21.81 million. This trade implies that ARK is rebalancing its position as the leader in the electric vehicle market.Simultaneously, ARK became optimistic about Tempus's outlook, adding 424,522 shares to its ARKK and ARKG ETFs for a total of $18.34 million. This purchase further affirmed ARK's bullish stance on the market impact artificial intelligence will have.In another notable move, ARKQ ETF sold 205,897 shares of Rocket Lab USA . Funds were reallocated to purchase 154,873 shares of Symbotic for $4.13 million , or $4.81 million. ARK seemed interested in robotics and automation sectors, as this reflects.