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ARK Invest Adjusts Portfolio: Sells Tesla, Buys Trade Desk After Strong Q3

ARK Invest Adjusts Portfolio: Sells Tesla, Buys Trade Desk After Strong Q3

Author:

Global Cryptocurrency

Published:

2025-11-08 09:37:02

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BTCCSquare news:

Cathie Wood's ARK Invest executed significant portfolio shifts on November 7, divesting from Tesla while increasing exposure to digital advertising. The firm sold 71,638 TSLA shares worth $31.94 million, continuing its gradual reduction of Elon Musk's automaker position. This move coincided with shareholder approval of Musk's controversial $1 trillion compensation package.

ARK's buying focus centered on The Trade Desk, acquiring 316,072 shares valued at $14.51 million following the ad-tech platform's earnings beat. The purchase signals conviction in digital advertising's growth as marketing budgets migrate online. Additional sales included GitLab ($10.79 million) and Roku ($8.91 million), reflecting portfolio rebalancing away from software names.

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