Cathie Wood’s Ark Innovation ETF sold $16.2 million of Tesla shares amid a 9% decline in 2025, underperforming the S&P 500.
Ark Investment Management sold $16.2 million of Tesla shares after the stock fell 9% year to date and 6.23% over the past month. The move reflects a reduction in one of the firm’s highest-conviction holdings amid broader market volatility.
The Ark Innovation ETF (ARKK) rose 35.49% in 2025, outpacing the S&P 500’s 17.88% gain, but has since declined 2.85% this year while the index climbed 8.56%. Long-term performance remains weak, with ARKK posting a five-year annualized return of -8.06% versus the S&P 500’s 11.84%.
Wood’s funds, known for high-growth tech bets, have faced volatility, including a 60% drop in 2022. Two Ark ETFs ranked among the worst-performing in Q1 2026, per Morningstar data.