Cathie Wood Is Buying More Tesla Stock, and Selling Some Nvidia

Tesla TSLA +7.39%  stock is skidding. That’s an opportunity for aggressive growth investor Cathie Wood.

Wood’s ARK Invest bought Tesla $Tesla(TSLA.US)$ shares in several funds on Wednesday. Her flagship ARK Innovation $ARK Innovation ETF(ARKK.US)$ bought 27,594 shares. That fund also purchased some stock in Zoom Video Communications $Zoom Video Communications(ZM.US)$ , as well as Coinbase $Coinbase(COIN.US)$ and a couple of other stocks.

The purchases were funded by selling some Nvidia $NVIDIA(NVDA.US)$ shares, along with stock in healthcare firm Berkeley Lights $Berkeley Lights(BLI.US)$ and autonomous driving start-up TuSimple $TuSimple(TSP.US)$ .

Tesla , and Coinbase COIN +10.74%  are down about 20% and 30% over the past month, respectively. Zoom is down less, by about 2% over the same span.

Berkley stock, on the other hand, is up about 21% over the past month. Nvidia is up about 18%. TuSimple shares are down about 67%, but the company removed the CEO recently, spooking investors.

Wood’s firm also added 9,173 Tesla shares to the ARK Autonomous Technology & Robotics ETF $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ . That fund sold some TuSimple shares as well.