Cathie Wood’s ARK boosts Tesla, trims Coinbase and Roblox stock

Cathie Wood’s ARK ETFs have made significant moves in the market on Thursday, July 24th, 2025, with Tesla Inc (NASDAQ:TSLA) and Iridium Communications Inc (NASDAQ:IRDM) seeing substantial purchases, while Coinbase Global Inc (NASDAQ:COIN) and Roblox Corp (NYSE:RBLX) were among the stocks sold.

Leading the day’s activities, ARK’s investment in Tesla stock was bolstered with an acquisition of 143,190 shares across its ARKK, ARKQ, and ARKW ETFs, amounting to a total dollar value of $47,619,266. This move underscores ARK’s ongoing confidence in the electric vehicle giant, which has been a consistent favorite in Wood’s portfolio.

Iridium Communications also saw a notable increase in ARK’s holdings, with a purchase of 471,024 shares distributed among ARKK, ARKQ, and ARKX (NYSE:ARKX) ETFs, valued at $15,275,308. This investment highlights ARK’s interest in the satellite communications sector, where Iridium plays a key role.

On the sell side, Coinbase Global witnessed a reduction of 30,501 shares through ARKK and ARKW ETFs, totaling $12,133,602 in value. This move comes amidst broader volatility in the cryptocurrency market, which may be influencing ARK’s trading strategy for its crypto-related holdings.

Roblox Corp also experienced a sell-off, with ARKK shedding 93,460 shares for a value of $11,087,159. This decision aligns with a trend of ARK divesting from the online gaming platform, as seen in previous trades.

Additional sales included AeroVironment Inc (NASDAQ:AVAV), Kratos Defense and Security Solutions Inc (NASDAQ:KTOS), and Block Inc (NYSE:XYZ), with respective values of $1,845,219, $6,340,833, and $9,816,569. ARK’s move away from these stocks could be indicative of shifting priorities or a reallocation of resources to other areas of growth.

The ARK 21Shares Bitcoin ETF (NYSEARCA:ARKB) also saw a reduction of 28,906 shares, valued at $182,304, reflecting ARK’s adjustment to its exposure in the cryptocurrency space.

Looking at the past week’s trades, ARK has shown a pattern of divesting from certain stocks like Coinbase Global, Robinhood Markets Inc (NASDAQ:HOOD), and Roblox Corp, while simultaneously accumulating shares in companies like Tesla and Iridium Communications.

Investors and market watchers alike will be keen to see how these latest moves by Cathie Wood’s ARK ETFs will influence the broader market and the future direction of these innovative and disruptive companies.

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