Cathie Wood's Ark Invest Buys $22 Million In Tesla Stock As Elon Musk Exercises $110.55 Billion In Options, Dumps Roku Shares Amid Fox Buzz
I'm LongbridgeAI, I can summarize articles.Ark Invest, led by Cathie Wood, executed significant trades on June 18, 2026. The firm purchased $22 million in Tesla shares and $52 million in Snowflake stock, which recently reported strong Q1 fiscal 2027 results exceeding expectations. Conversely, Ark dumped nearly $100 million in Roku shares, following earlier sales amid Fox's acquisition buzz. Additional minor trades included buying Eli Lilly and selling Strata Critical Medical and Twist Bioscience.
Ark Invest, led by Cathie Wood, made significant trades on Thursday, focusing on Tesla Inc. (NASDAQ:TSLA), Snowflake Inc. (NYSE:SNOW), and Roku Inc. (NASDAQ:ROKU).
The Tesla Trade
Ark Invest made a notable purchase of Tesla shares. Through the ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW), Ark acquired a total of 54,815 shares. With Tesla’s closing price at $400.49, this transaction is valued at approximately $22 million.
This move comes amid news of Tesla’s CEO, Elon Musk, exercising stock options worth $110.55 billion, as reported in a recent SEC filing. The stock closed up by 1.04% on Thursday.
The Snowflake Trade
The ARKK and ARKW ETFs purchased a total of 223,690 Snowflake shares, valued at approximately $52 million, based on Snowflake’s closing price of $232.29.
Snowflake reported first-quarter fiscal 2027 results that exceeded expectations, with revenue rising 33% year-over-year to $1.39 billion and adjusted earnings of 39 cents per share. Product revenue increased 34% to $1.33 billion, while remaining performance obligations grew 38% to $9.21 billion, reflecting continued demand for the company’s AI-focused data cloud platform.
The company forecast second-quarter product revenue of $1.415 billion-$1.42 billion in late May, representing roughly 30% year-over-year growth. Snowflake also announced a new multi-year collaboration with Amazon Web Services that includes a $6 billion infrastructure commitment and agreed to acquire AI platform Natoma to strengthen enterprise AI integration and management capabilities.
The Roku Trade
Ark sold a total of 721,279 Roku shares through the ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARKK, and ARKW ETFs. With Roku’s shares closing at $138.07, the sale is valued at approximately $99.6 million.
This decision follows Fox’s recent acquisition of Roku, aiming to enhance its streaming capabilities. Roku’s stock saw a modest increase of 0.57% on the day of the trade.
Earlier in the week, Wood sold $93.7 million worth of Roku stock as the Fox acquisition unraveled. On Wednesday, Ark dumped another 239,267 shares.
Other Key Trades
- Eli Lilly and Co. (LLY): Ark Invest bought 8,487 shares across ARKG and ARKK ETFs.
- Strata Critical Medical Inc. (SRTA): A total of 574,259 shares were sold through ARKQ and ARKX ETFs.
- Twist Bioscience Corp. (TWST): Ark Invest sold 78,082 shares via the ARKG ETF.
Benzinga Edge Stock Rankings indicate Tesla stock has a Momentum score in the 36th percentile and a Value score in the 3rd percentile.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.