Benzingaยท2025-11-13 02:14Core Insights - Ark Invest executed significant trades involving Circle Internet Group Inc., Alibaba Group Holding Ltd., and Tesla Inc., indicating a strategic repositioning in the market [1] Tesla Trade - Ark Invest reduced its holdings in Tesla by selling 70,474 shares, valued at approximately $30.3 million, with Tesla's stock closing at $430.60, down 2.05% [2] - Tesla's October deliveries in China fell by 36% year-over-year to 26,000 units, contributing to a year-to-date decline of roughly 40,000 vehicles, risking the company's first annual decline [3] Circle Trade - Ark Invest made a substantial purchase of Circle shares, acquiring 245,830 shares via ARKK and 70,613 shares through ARKW, with the transaction valued at approximately $30.5 million [4] - Despite a 202% profit surge in Q3, Circle's stock declined by 12.21%, indicating investor skepticism about its long-term growth potential, with Q3 net income reaching $214 million and total revenue increasing by 66% to $740 million [5] Alibaba Trade - Ark Invest increased its stake in Alibaba by purchasing 4,878 shares via ARKK, 364 shares through ARKF, and 1,396 shares with ARKW, valued at approximately $1.05 million, with Alibaba's stock closing at $157.91, down 1.8% [6] - Alibaba's stock has surged 98% year-to-date, driven by its focus on artificial intelligence, cloud infrastructure, and instant-commerce delivery, despite potential risks from U.S. restrictions on advanced AI chips [7] Other Key Trades - Ark Invest sold 205,524 shares of Iridium Communications Inc., 53,954 shares of SoFi Technologies Inc., and made various other trades, including purchasing 50,084 shares of Twist Bioscience Corp [9]