Ark Invest Stock Portfolio: 5 Biggest Positions

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1. Tesla, Inc. (NASDAQ:TSLA)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $1.02 billion

Number of Hedge Fund Investors: 81

Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a leading American multinational company specializing in electric vehicles and sustainable energy solutions. Renowned for its innovative electric car designs and manufacturing, Tesla also provides stationary battery energy storage solutions for both residential and grid-scale applications. The company offers a range of products and services, including solar panels, solar shingles, and related sustainable energy solutions.

In the third quarter of 2023, Tesla, Inc. (NASDAQ:TSLA) achieved a production milestone, manufacturing 430,488 vehicles and delivering over 435,000 units. Tesla’s global manufacturing presence includes six facilities, including its original plant in California and gigafactories in Nevada, New York, Shanghai, Texas, and Berlin.

Insider Monkey’s data for the third quarter reflects positive sentiment from 81 hedge funds towards Tesla (NASDAQ:TSLA), marking an increase from the 79 funds in the previous quarter. Catherine Wood emerged as a significant shareholder during the quarter, holding a stake valued at $1.02 billion.

You can also look at the 12 Most Undervalued Blockchain Stocks To Buy According To Hedge Funds and the 12 Best Healthcare Stocks For the Long-Term.

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