Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Cathie Wood’s ARK ETFs have made their latest round of daily trades on Tuesday, 01 July 2025, with significant activity across a variety of sectors. In a notable move, ARK has increased its holdings in Tesla Inc (NASDAQ:TSLA) with a substantial purchase, underscoring Wood’s continued confidence in the electric vehicle giant.
Leading the day’s trades, ARK bought a total of 56,368 shares of Tesla Inc (NASDAQ:TSLA), valued at approximately $17,905,858. This acquisition was split between ARKK and ARKW ETFs, with 43,126 and 13,242 shares respectively. This move is part of a larger trend, as ARK has been bolstering its Tesla position in recent days, signaling strong conviction in the company’s long-term prospects.
Additionally, ARK showed interest in the biotech sector, buying 949,630 shares of ATAI Life Sciences NV (NASDAQ:ATAI) through its ARKG ETF, with a total dollar value of $2,079,689. This purchase reflects ARK’s investment strategy of supporting innovative companies with disruptive potential in the healthcare industry.
ARK also added 153,647 shares of Compass Pathways PLC (NASDAQ:CMPS) to its ARKG ETF, amounting to $430,211. This trade suggests a growing focus on companies at the forefront of mental health treatment advancements.
On the sell side, ARK reduced its exposure to Coinbase Global Inc (NASDAQ:COIN), selling a total of 9,116 shares through its ARKW ETF, totaling $3,195,066. This continues a pattern observed over the past week, where ARK has been consistently trimming its position in the cryptocurrency exchange platform.
ARK further divested 153,324 shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT) from its ARKG ETF, with a total dollar value of $1,786,224. Additionally, the fund sold 47,132 shares of 908 Devices Inc (NASDAQ:MASS) and 26,877 shares of Roblox Corp (PRE-REINCORPORATION) (NYSE:RBLX), valued at $336,051 and $2,827,460 respectively. These sales are part of ARK’s active management approach, constantly rebalancing the portfolio in response to shifting market dynamics.
Investors following ARK’s ETFs should note the consistent strategy of investing in companies with transformative technologies, as well as the fund’s willingness to adjust holdings based on performance and market conditions. As Cathie Wood’s ARK continues to navigate the investment landscape, these daily trades offer insights into the fund’s evolving approach to capitalizing on technological innovation and growth potential.
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