This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest trimmed its stake in Tesla (NASDAQ:TSLA) recently and boosted holdings in Coinbase Global (NASDAQ:COIN) and Deere & Co. (NYSE:DE).
The ARK Innovation ETF (ARKK) sold 27,102 Tesla shares, about $11.4 million at the time, even as TSLA stayed the fund’s largest position and the stock rose roughly 1.7% that day.
Across ARK funds, the manager picked up 62,166 Coinbase shares valued near $15.8 million, continuing a recent accumulation in cryptocurrency-related exposure.
ARK also added 30,518 Deere shares, a purchase worth about $15 million split between the ARK Autonomous Technology & Robotics ETF (ARKQ) and the ARK Space Exploration & Innovation ETF (ARKX).
Smaller buys included CoreWeave (NASDAQ:CRWV), CRISPR Therapeutics (NASDAQ:CRSP), Klarna (KLAR) and Recursion Pharmaceuticals (RXRX), per the disclosure.
The trades signal a tactical shift toward crypto and industrial names while trimming a high-profile EV holding. Ark has rotated positions before after large moves, and these filings may reflect repositioning ahead of year-end.