Cathie Wood, the founder of ARK Invest, recently made some notable changes to her ETF portfolios. One of the most significant moves was the adjustment of holdings in Tesla and Tempus AI stocks.
Wood’s ARK ETFs are known for their focus on disruptive innovation, and Tesla is a prime example of this. The electric vehicle maker has been a key holding in several of ARK’s funds, including the ARK Innovation ETF (ARKK). Wood’s decision to adjust the portfolio likely reflects her bullish outlook on Tesla’s future prospects.
Another interesting move was the addition of Tempus AI stock to ARK’s holdings. Tempus AI is a healthcare technology company that uses artificial intelligence to improve patient care. Wood’s interest in Tempus AI suggests that she sees potential in the company’s innovative approach to healthcare.
Overall, these adjustments to ARK’s portfolio demonstrate Wood’s commitment to investing in innovative companies with strong growth potential. Investors who follow ARK’s ETFs may want to keep an eye on these changes as they could impact the funds’ performance in the future.