ARK Reshuffles Portfolio: Tesla Sales Offset by Coinbase and Deere Bets
Cathie Wood's ARK Invest executed significant portfolio adjustments on November 26, liquidating $11.37 million in Tesla shares while making bold countermoves into Coinbase and Deere. The trades reflect a calculated pivot toward assets with compressed valuations amid shifting market conditions.
The firm sold 27,102 Tesla shares across its ETFs, continuing a divestment pattern that began earlier this month. Despite this reduction, Elon Musk's electric vehicle company remains ARKK's largest holding—a testament to its foundational role in ARK's disruptive innovation thesis.
ARK deployed $15.79 million into Coinbase shares despite the cryptocurrency exchange's 26.7% monthly decline. The purchase of 62,166 shares signals conviction in crypto infrastructure plays during a period of sector weakness. Similarly, the $15 million position in Deere represents a contrarian agricultural tech bet following the stock's 5.7% earnings-driven drop.
