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Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.

ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for the electric-vehicle maker’s shares is $4,600. Tesla, though, isn’t the largest holding in ARK Innovation ETF anymore.

That distinction now goes to video streaming streaming service provider Roku (ticker: ROKU). It accounts for about 8.4% of ARK Innovation’s holdings. Tesla (TSLA) accounts for about 8.2% of the fund.

The…

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