Cathie Wood Invests $49M in Brera Holdings, Reduces Holdings in Roku and Tempus AI
ARK Invest Portfolio Adjustments: Cathie Wood's ARK Invest made significant portfolio changes, including a new investment in Brera Holdings Plc, which is transforming into Solmate, and continued investments in biotech companies like Arcturus Therapeutics and ATAI Life Sciences.
Sales and Performance: The largest sale involved Roku shares, with ARK Innovation ETF selling 47,474 shares, while also offloading shares in Tempus AI. Brera Holdings' stock has surged over 200% this year due to its business transformation announcement.
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Cathie Wood's ARK Invest Divests Tesla and Increases Investment in This Semi Stock
Cathie Wood's Investment Strategy: Cathie Wood, known for her bullish stance on Tesla, has been selling Tesla stock from her ARK Invest funds.
Focus on Semiconductors: Instead of Tesla, Wood's funds are increasing their investment in a semiconductor company that has recently been added to the ARK portfolio.
Cathie Wood Sells $11 Million in Tesla Shares While Increasing Investment in Key Cryptocurrency Ventures
Tesla Trade: Ark Invest sold 23,110 shares of Tesla, valued at approximately $11.2 million, amid stock volatility, while Tesla's shares closed at $483.37, reflecting a 3.45% increase.
Coinbase Trade: Ark Invest purchased 17,386 shares of Coinbase for about $4.15 million, aligning with the company's launch of commission-free U.S. stock trading, expanding its services beyond cryptocurrency.
Brera Holdings Trade: Ark Invest increased its stake in Brera Holdings by acquiring 575,644 shares for around $1.4 million, following the company's strategic initiatives that previously boosted its stock.
Other Key Trades: Ark Invest also sold shares of Ionis Pharmaceuticals and Adaptive Biotechnologies while buying a significant number of shares in Recursion Pharmaceuticals across its various ETFs.
