Cathie Wood’s Ark Invest Held $1.16 Billion of Tesla Stock as of the End of the Second Quarter, Even as It Trails Every Other “Magnificent Seven” Stock in 2026. Is Her Conviction Still Justified?
Key Points Ark Investment Management’s 13F filing for the second quarter showed that as of June 30, the investment firm held 2.76 million Tesla (NASDAQ: TSLA) shares worth approximately $1.16 billion. And though it reduced its position in the electric vehicle (EV) company slightly during Q2, Ark reportedly went right back to buying as Tesla…