Cathie Wood Adjusts Portfolio: $98M Tesla Shares Sold Amid Market Volatility Concerns
Note that Cathie Wood still holds a significant amount of Tesla's share. She just "trim" portfolio by selling some Tesla share. It's her usual strategic proactive decision towards risk, not a bearish stance on Tesla as a company.
But I know bloggers will use this info to attack Tesla and spread FUD.
Quote:
...she (Cathie Wood) adjusts her portfolio in anticipation of potential market volatility. Wood’s firm, Ark Invest, recently disclosed the sale of approximately $98 million worth of Tesla shares, a move that has attracted considerable attention within the investment community.
This strategic decision reflects Wood’s proactive approach to risk management and her response to concerns surrounding potential market turbulence, which could be triggered by Federal Reserve actions.
Wood’s decision to trim her Tesla holdings demonstrates her proactive stance in protecting her investors’ capital... It is essential to note that Wood’s decision is not a bearish stance on Tesla as a company but rather a strategic move to mitigate potential short-term volatility risks.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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bullrider_21 : Why is she selling some shares when she has a tp of USD2000 for Tesla? Does she think it's overvalued?
ZnWC OP bullrider_21 : I suggest you read the article again as the writer has provided an explanation why she trim her portfolio. And overvalued is not the reason.
bullrider_21 ZnWC OP : Selling when inflation is falling gradually and Fed is set to pause in hiking rates? The Tesla rally may continue.
ZnWC OP : You can read this article on why Cathie Wood predict Tesla's share price will hit USD 2000 by 2027.
Why ARK Invest Predicts Tesla Stock Will Hit $2,000 By 2027 - CleanTechnica
When Ark Invest sold or buy a share, it's naive to think that it's based on a simple question of overvalue or undervalue.
Macdonell J : Instead of trimming my tesla position, I set up a Collar option to protect it just in case Wall Streets do a rug pull like they always do after Fed JP's speech tomorrow.
ZnWC OP Macdonell J : Cathie Wood bought too many Tesla's share. It's a kind of risk management to sell Tesla's share and re-balance the portfolio. Why would anyone still hold more than 640,000 shares thinking that the stock is overvalued?
Wood's funds bought more than 1.3 million TSLA shares in 2023 and now sold 660,000 shares...
Venture118 : Is Cathie adopting common prosperity, sharing opportunity for all to HUAT as stocks price rises ?
ZnWC OP Venture118 : Like all hedge funds, Cathie Wood's investment philosophy is not for any retail investors to follow. We may make some sense of market movement through their portfolio change. Just to be safe, you can verify by comparing with 2 more reports.