[Cathie Wood: ARK Invest Reduces Tesla Holdings at High Levels and Increases Crypto Assets] ARK Invest founder Cathie Wood stated that ARK Invest reduced its Tesla stock holdings when the stock was near its peak and allocated part of the profits to crypto assets. Wood noted that ARK Invest tends to rebalance its portfolio in this way when one stock rises relative to others, while another stock is experiencing a 'painful' moment.