在上周米尔肯研究院2021全球大会上，伍德解释了她最近为何频繁减持特斯拉股票。她说，这是因为特斯拉股价最近不断上涨，而方舟投资组合的其他部分表现较弱。伍德说：“这就是所谓的投资组合管理。仅此而已。”
TeslaShares surged more than 12% on Monday, with a market capitalization of more than $1 trillion. However, Tesla, Inc. 's largest bullish, Ark Investment founder Cathy Wood's fund further reduced its stake in the company on the same day.
Wood's Ark next-generation Internet ETF sold 22598 shares of Tesla, Inc. on Monday, worth about $23.16 million at its closing price. On Friday, Mr. Wood's fund also sold 80354 shares of Tesla, Inc., worth about $73.09 million at current prices.
With Tesla, Inc. 's share price rising recently, Wood's fund began to cut Tesla, Inc. 's position in early September, selling Tesla, Inc. 's shares worth nearly $770 million in 10 installments by Friday.
At the Milken Institute's 2021 global conference last week, Wood explained why she has recently frequently reduced her holdings in Tesla, Inc.. 'This is because Tesla, Inc. 's share price has been rising recently, while the rest of the Ark portfolio has performed weakly, 'she said. "it's called portfolio management," Wood said. That's all. "
In fact, Tasha Keeney, an analyst at Ark Investment, explained the problem as early as two years ago, saying that the company's sale of Tesla, Inc. shares was "more of a portfolio management". Some Ark funds stipulate that the weight of a stock in the portfolio cannot exceed 10%. Gini explained that as Tesla, Inc. appreciated compared with other companies in the fund, the sale was a last resort.
Wood's three funds-Ark Automation Technology and Robot ETF, Ark Innovation ETF and Ark next-generation Internet ETF---all regard Tesla, Inc. as the largest stock. The funds still hold more than 3.25 million shares in Tesla, Inc. after Monday's sale.
