This article first appeared on GuruFocus.
Cathie Wood’s ARK Investment Management disclosed fresh portfolio moves on Monday, showing selling in Tesla (NASDAQ:TSLA) and new buying across crypto-linked names.
ARK sold about 125,000 shares of Tesla, extending a trimming trend seen late last week. The sale came as Tesla shares climbed about 3.5% on Monday, supported by renewed investor interest in autonomous-driving progress.
On the buying side, ARK added to its cryptocurrency exposure. The firm bought roughly 65,000 shares of Coinbase Global (NASDAQ:COIN), even as the stock slid about 6% in Monday trading amid broader weakness in crypto-related equities.
ARK also took a larger position in Bitmine Immersion Technologies (BMNR), purchasing more than 550,000 shares. The move points to continued interest in bitcoin mining and blockchain infrastructure.
Additional buys included CoreWeave (NASDAQ:CRWV) and Circle Internet Group (NYSE:CRCL), adding exposure to AI computing and digital payments.
Elsewhere, ARK reduced smaller positions. The firm sold shares of Shopify (NASDAQ:SHOP) and SoFi Technologies (NASDAQ:SOFI), suggesting selective profit-taking and rebalancing.