Cathie Wood's Ark Invest Adds More Of BYD Shares
Ark, which supported Tesla amid its stock slump prior to its earnings, shifted allegiance to BYD this week.
Through ARKQ, Ark bought 2,800 shares of $BYD Co.(BYDDF.US$ worth USD146,132 on Thu. It followed up with the purchase of another 28,434 shares, valued at USD1.54 million, on Fri.
Billionaire investor Warren Buffett's Berkshire has a stake in BYD. BYD now accounts for about 1% of ARKQ's portfolio by weighting.
Cathie Wood is finding BYD too cheap to resist.
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