Cathie Wood Loads Up on Tesla and Bullish, Dumps Roku Before July 4th Weekend

TLDR

• ARK Invest bought 96,935 Tesla shares worth ~$41.2 million across three ETFs
• The Tesla buy came after the EV maker reported stronger-than-expected Q2 deliveries of 480,126 vehicles
• ARK purchased 91,353 shares of crypto exchange operator Bullish worth ~$2.3 million
• ARK sold 180,228 Roku shares worth ~$25.3 million, continuing a recent trimming trend
• Additional sells included Twist Bioscience, Strata Critical Medical, and Iridium Communications

---

Cathie Wood’s ARK Invest made several large portfolio moves on Thursday, July 2, ahead of the Independence Day holiday weekend.

The biggest trade of the day was a purchase of Tesla shares. ARK bought 96,935 shares worth about $41.2 million, spread across the ARK Innovation ETF, the ARK Next Generation Internet ETF, and the ARK Space Exploration and Innovation ETF.

Tesla, Inc., TSLA

The timing was not random. Tesla had just reported second-quarter delivery numbers that beat Wall Street expectations by a wide margin.

Tesla Q2 Deliveries Beat Estimates

Tesla delivered 480,126 vehicles in Q2 2026, well above analyst forecasts of around 406,000. That beat appears to have given Wood added confidence to increase her position.

China was also a positive data point. Tesla’s June wholesale sales in China rose for an eighth straight month, showing continued demand in one of its key markets.

Tesla remains ARK’s largest holding. The stock is still down about 10% this year, but Wood’s buying pattern shows she is not deterred by the recent price weakness.

ARK Adds Bullish and SoFi

ARK also bought 91,353 shares of Bullish, a crypto exchange operator, for about $2.3 million. This continues a recent pattern of ARK building its position in the company across multiple ETFs.

Wood added 54,838 shares of SoFi Technologies for roughly $1 million through the ARK Innovation ETF. The purchase follows SoFi’s recent launch of a small-business lending platform.

Smaller buys included 52,452 shares of X-Energy, along with minor additions in Generate Biomedicines and Recursion Pharmaceuticals.

Roku Sees the Biggest Sell

On the selling side, the largest move was Roku. ARK sold 180,228 shares worth about $25.3 million across three ETFs. This continues a trend of ARK reducing its Roku position over recent trading days.

ARK also sold 29,615 shares of Twist Bioscience for about $3 million, 274,932 shares of Strata Critical Medical valued at roughly $1.5 million, and 21,842 shares of Iridium Communications worth about $1.2 million.

ARK also divested 100,430 shares of Absci Corp through its ARKG ETF, totaling about $1.1 million, continuing a recent trend of trimming that position.

The trades show Wood moving more capital into Tesla and growth tech names while cutting back on streaming and biotech stocks before a long holiday weekend.

Tesla’s strong delivery report was the clearest catalyst behind the day’s biggest buy.