Quick Summary
- ARK Invest acquired 96,935 shares of Tesla valued at approximately $41.2 million distributed among three ETFs
- The substantial Tesla purchase followed the electric vehicle manufacturer’s better-than-anticipated Q2 delivery figures of 480,126 units
- ARK scooped up 91,353 shares in cryptocurrency exchange platform Bullish totaling approximately $2.3 million
- ARK liquidated 180,228 Roku shares valued at roughly $25.3 million, extending a recent pattern of position reduction
- Other sales encompassed Twist Bioscience, Strata Critical Medical, and Iridium Communications
Cathie Wood’s investment firm ARK Invest executed multiple significant portfolio adjustments on Thursday, July 2nd, just before the Fourth of July holiday weekend.
The most substantial transaction involved Tesla shares. ARK acquired 96,935 shares totaling approximately $41.2 million, distributed among the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Space Exploration and Innovation ETF.
The purchase timing appeared strategic. Tesla had recently announced second-quarter delivery figures that significantly exceeded Wall Street projections.
Tesla’s Q2 Performance Exceeds Expectations
Tesla reported deliveries of 480,126 vehicles during Q2 2026, substantially surpassing analyst predictions of approximately 406,000 units. This impressive performance seemingly bolstered Wood’s conviction to expand her stake.
Positive signals also emerged from China. Tesla’s wholesale sales in the Chinese market climbed for the eighth consecutive month, demonstrating sustained demand in a critical geographic region.
Tesla continues to represent ARK’s most significant holding. Despite the stock declining roughly 10% year-to-date, Wood’s purchasing activity indicates she remains undeterred by recent valuation pressures.
ARK Expands Positions in Bullish and SoFi
ARK additionally purchased 91,353 shares of Bullish, a cryptocurrency exchange platform operator, worth approximately $2.3 million. This transaction extends a consistent pattern of ARK expanding its stake in the firm across various ETFs.
Wood acquired 54,838 shares of SoFi Technologies valued at roughly $1 million via the ARK Innovation ETF. This purchase came on the heels of SoFi’s recent introduction of a small-business lending initiative.
Additional smaller acquisitions included 52,452 shares of X-Energy, alongside modest increases in Generate Biomedicines and Recursion Pharmaceuticals positions.
Roku Represents Largest Divestment
Regarding sales activity, the most significant move involved Roku. ARK liquidated 180,228 shares worth approximately $25.3 million across three ETFs. This continues ARK’s ongoing pattern of diminishing its Roku exposure over recent sessions.
ARK also divested 29,615 shares of Twist Bioscience valued at about $3 million, 274,932 shares of Strata Critical Medical totaling roughly $1.5 million, and 21,842 shares of Iridium Communications worth approximately $1.2 million.
ARK further sold 100,430 shares of Absci Corp through its ARKG ETF, amounting to about $1.1 million, maintaining a recent pattern of position trimming.
These transactions demonstrate Wood reallocating capital toward Tesla and growth-oriented technology holdings while reducing exposure to streaming and biotechnology securities ahead of an extended holiday weekend.
Tesla’s robust delivery performance represented the most obvious driver behind the day’s largest acquisition.
