TLDR
- Cathie Wood’s ARK Invest sold $546,247 worth of Tesla shares and $2.31 million in Palantir holdings on Monday
- ARK purchased $6.2 million in Amazon shares and $6.1 million in AMD stock on Tuesday
- Tesla faces pressure from Chinese EV competitors like BYD, Li Auto, Nio and Xpeng
- ARK sold $13 million worth of CoreWeave shares and additional Palantir stock worth $6 million
- Wood also bought shares in Guardant Health ($7.29 million) and 10X Genomics ($2.74 million)
Cathie Wood’s ARK Invest executed major portfolio changes over two trading days. The investment firm sold positions in Tesla and Palantir while adding to Amazon and AMD holdings.
Cathie Wood's Ark Invest made notable moves Monday by trimming stakes in Tesla and Palantir. Through its flagship ARK Innovation ETF, the firm sold 1,594 Tesla shares, worth about $546,000.
The move comes as Tesla faces growing competition from Chinese EV makers like BYD, Li… pic.twitter.com/uiEKolL5ml
— Benzinga (@Benzinga) June 4, 2025
On Monday, ARK Innovation ETF sold 1,594 Tesla shares worth $546,247. The sale comes as Tesla faces growing competition from Chinese electric vehicle makers.
BYD, Li Auto, Nio and Xpeng reported strong May delivery numbers. These companies continue to challenge Tesla’s market position in the electric vehicle space.
ARK also exited 17,467 Palantir shares on Monday through ARKK. The sale netted approximately $2.31 million with Palantir stock closing at $132.04.
The firm cited concerns over privacy and data use as reasons for the Palantir sale. These issues have become central to debates about the company’s business model.
On Tuesday, ARK made several large purchases. The ARK Next Generation Internet ETF bought 29,837 Amazon shares worth $6.2 million.
ARK Doubles Down on Tech Giants
The same ETF purchased 53,081 AMD shares valued at $6.1 million. These purchases show confidence in both companies’ growth prospects.
Wall Street analysts remain bullish on Amazon stock. They expect the company to benefit from its dominance in e-commerce and cloud computing.
Amazon receives a Strong Buy rating from analysts. The average price target of $241.29 suggests 17.3% upside potential.
AMD gets a Moderate Buy rating from Wall Street. The average price target of $126.55 implies 8% upside potential for the chip maker.
ARK continued selling Palantir on Tuesday. The firm offloaded 45,690 additional shares worth $6 million through ARKK.
Additional Portfolio Moves
CoreWeave faced a major sale as ARK sold 108,281 shares. The transaction was worth over $13 million through the ARKW ETF.
ARK made other purchases including Guardant Health shares. The firm bought 173,197 shares of the precision oncology company worth $7.29 million.
Wood also purchased 289,802 shares of 10X Genomics valued at $2.74 million. The company focuses on genomics technology and research tools.
Tesla analysts show mixed views with an average price target of $289.20. This represents a potential 15.61% downside from current levels.
Palantir faces analyst concerns about valuation. Wall Street consensus rating remains at Hold with about 25% downside risk from current prices.
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