After selling over 200000 shares of Tesla stock in December, the flagship fund ARK Innovation ETF under "Wood Sister" Cathy Wood still holds a market value of $1.09 billion. This makes Tesla stock its largest holding stock by market value to date, with a weight of 16.13%.
The fund stated that on Monday (23rd) local time, it sold 13040 shares of Tesla stock, valued at approximately $5.6 million based on the closing price of the day. So far this month, Tesla's stock price has risen by 24.8%, and the fund has sold 214031 shares worth slightly over $92 million.
If we extend the timeline to the day of the US presidential election until now, after confirming the election of Tesla CEO Elon Musk's support for Trump, the fund has profited from 432687 Tesla stocks with a current market value of $186.3 million. Before the US presidential election, the fund held 2963070 shares of Tesla stock, valued at $745 million at the time.