2 ms·
Tesla at nearly 10% is unreasonable for an ETF. I hope it’s so overweight because of appreciation rather than active buying.
by elliekelly 6y ago
Tesla at nearly 10% is unreasonable for an ETF. I hope it’s so overweight because of appreciation rather than active buying.
- Centigonal 6y agoARKK (and maybe their other ETFs) are capped at 10% per individual holding. They take profits when the holding becomes overweight. Cathie Wood has said she would hold more TSLA if she could. I don't know when or how they plan to exit if things start to go sideways.
- fma 6y agoHold more if she could? Not according to this interview. If we had not taken profits in its ride up from [$]178 to 900 or nearly 1,000, it would’ve been ... maybe over 20% of the fund,” she said. “That would not be wise portfolio management. We like to control our position sizes.” https://www.cnbc.com/2020/05/22/ark-invest-ceo-why-weve-sold-tesla-despite-our-long-term-bull-case.html https://www.cnbc.com/2020/05/22/ark-invest-ceo-why-weve-sold...
- Centigonal 6y agoYou know, I thought I heard her say that in an interview, but I can't seem to find it. I might be wrong on this one.