Cathie Wood’s investment firm ARK Invest has recently made some changes to its portfolio, including offloading shares of popular trading platform Robinhood. In contrast, they have decided to increase their holdings in Tesla stock.
This decision comes as a surprise to many, as Robinhood has been a hot topic in the investing world recently. However, ARK Invest seems to believe that there are better opportunities elsewhere. On the other hand, they have shown confidence in Tesla’s future prospects by adding more of the electric car company’s stock to their portfolio.
Cathie Wood, known for her bold investment strategies, has once again made a move that has caught the attention of investors. It will be interesting to see how these decisions play out in the long run and whether they will prove to be profitable for ARK Invest.