ARK Invest’s Yesterday Rebalancing: Made a major buy of Tesla and Circle, and fully exited several technology stocks

Deep Tide TechFlow, on July 24, according to an ARK Invest website disclosure, multiple funds under ARK completed rebalancing operations on July 23. Overall, the trend shows “buying technology/crypto-related assets and reducing exposure to traditional and biotech stocks.”

On the buying side:

TSLA (Tesla) was simultaneously increased by four funds, ARKK, ARKQ, ARKW, and ARKX, with total purchases of about 160k shares, making it the biggest highlight of this rebalancing.

CRCL (Circle Internet Group) was simultaneously bought by ARKK, ARKW, and ARKF, totaling about 130k shares, indicating ARK continues to加码 the stablecoin track.

SECZ (Securitize) was bought by ARKF for about 48k shares, involving the tokenized securities sector.

On the selling side:

FIG (Figma) was reduced by ARKK and ARKW in total by about 976k shares, the largest-scale trimming in this rebalancing.

HOOD (Robinhood) was sold by ARKW by about 40k shares.

DE (Deere & Co) was simultaneously reduced by ARKK, ARKQ, and ARKX.

IRDM (Iridium Communications) was reduced by ARKQ and ARKX in total by about 66k shares.