Cathie Wood drops $8.9 million on energy stock

Whenever Cathie Wood trims her long-time favorite stock in Tesla (TSLA), it usually grabs headlines. However, what matters more is where that capital goes next. In ARK’s Dec. 22 trades, Wood scaled back exposure to some of her biggest winners, while leaning harder into smaller, more speculative bets such as Oklo (OKLO). She scooped up 107,321 shares, a purchase worth nearly $8.9 million, indicating a fresh conviction following the stock’s recent pullback rather than a short-term trade. Nuclear energy ...