- Ark has reduced its Tesla holdings by 1.13 million shares since the end of 2021.
- Ark has increased its holdings of Xpeng, despite an 80% fall in stock price compared to the end of last year.
- Cathie Wood’s fund has also reduced holdings in NIO and BYD.
TESLA :
Compared to the end of Dec. 2021, Ark has trimmed its bets on Tesla as on Dec. 23, 2022. The fund reduced its holdings by 1.13 million shares in the said period, according to Cathiesark.com.
XPENG :
Despite an 80% fall in its stock price compared to the end of last year, Ark has increased its holdings of this Chinese EV-maker in the said period. Compared to end-December 2021, Ark has increased its Xpeng stake by over 317,000 shares, according to Cathiesark.com.
NIO :
During end-March, Ark invested in Nio shares for the first time, scooping up over 420,000 shares of the EV-maker. However, since then, the fund has trimmed its holdings by over 80,000. The share price dropped over 44% in the said period.
Nio is the 35th largest holding of the ARK Autonomous Tech. & Robotics ETF ARKQ with a weight of 0.49%, according to data on the company’s website at the time of writing.
BYD :
The Warren Buffett-backed EV-maker’s stock has seen a relatively low decline in its stock compared to some of its peers. Since the end of last year, the stock has lost just over 27%. However, Ark, which holds the unsponsored ADRs BYDDY of the company through the ARK Autonomous Tech. & Robotics ETF, has trimmed its holdings by over 37,000 shares in the said period.
