Cathie Wood doubled down on a core position in Ark's portfolio during the month of July.
Cathie Wood serves as CEO and chief investment officer of Ark Investment Management. While Ark's portfolio boasts positions in many members of the "Magnificent Seven," one particular artificial intelligence (AI) darling seems to have caught Wood's eye as of late.
According to recently published trading activity, Ark Invest has been scooping up shares of Tesla ( TSLA 2.28% ) like there's no tomorrow.
Let's explore Wood's recent buying activity and assess what might have inspired her to double down on Tesla over the last few weeks.
Taking a look at Wood's recent buying activity
Unlike many of her peers in the wealth management space, Wood distributes summaries at the end of each trading sess