Key Highlights
- ARK Invest acquired 96,935 shares of Tesla valued at approximately $41.2 million distributed among three funds
- The significant Tesla acquisition followed the company’s impressive Q2 delivery report showing 480,126 vehicles delivered
- ARK added 91,353 shares of cryptocurrency platform Bullish totaling approximately $2.3 million
- ARK offloaded 180,228 Roku shares valued at approximately $25.3 million, extending its recent divestment pattern
- Other disposals included positions in Twist Bioscience, Strata Critical Medical, and Iridium Communications
Cathie Wood’s ARK Invest executed notable portfolio adjustments on Thursday, July 2, just before the Fourth of July holiday break.
The most substantial transaction involved Tesla shares. ARK acquired 96,935 shares totaling approximately $41.2 million, distributed across the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Space Exploration and Innovation ETF.
The purchase timing aligned strategically with Tesla’s recent performance announcement. Tesla had recently disclosed second-quarter delivery figures that significantly exceeded market projections.
Tesla’s Q2 Performance Exceeds Projections
Tesla reported delivering 480,126 vehicles during Q2 2026, substantially surpassing analyst predictions of approximately 406,000 units. This impressive performance seemingly reinforced Wood’s conviction to expand her Tesla exposure.
Positive momentum from China provided additional support. Tesla’s June wholesale figures in China climbed for the eighth consecutive month, demonstrating sustained consumer interest in a critical growth market.
Tesla maintains its position as ARK’s top portfolio holding. Despite the stock trading approximately 10% lower year-to-date, Wood’s purchasing activity indicates her long-term confidence remains unshaken by short-term volatility.
ARK Expands Bullish and SoFi Stakes
ARK purchased 91,353 shares of Bullish, the digital asset exchange platform, investing about $2.3 million. This transaction reflects ARK’s ongoing strategy of accumulating this position across its various funds.
Wood acquired 54,838 shares of SoFi Technologies valued at approximately $1 million via the ARK Innovation ETF. This investment comes on the heels of SoFi’s introduction of its small-business lending service.
Additional modest purchases included 52,452 shares of X-Energy, alongside smaller incremental positions in Generate Biomedicines and Recursion Pharmaceuticals.
Major Roku Divestment Leads Sales Activity
Regarding sales, Roku represented the most significant exit. ARK disposed of 180,228 shares worth approximately $25.3 million spread across three ETFs. This transaction extends ARK’s ongoing pattern of gradually reducing exposure to Roku.
ARK divested 29,615 shares of Twist Bioscience valued at approximately $3 million, 274,932 shares of Strata Critical Medical totaling roughly $1.5 million, and 21,842 shares of Iridium Communications worth around $1.2 million.
Additionally, ARK sold 100,430 shares of Absci Corp through its ARKG ETF, amounting to about $1.1 million, maintaining its recent pattern of position reduction.
These transactions reveal Wood’s strategic reallocation toward Tesla and technology growth stocks while scaling back streaming platform and biotechnology holdings ahead of the extended holiday weekend.
Tesla’s exceptional delivery performance served as the primary driver behind the session’s largest acquisition.
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