Tesla is the top holding of the fund with a weight of 9.94% valued at over $89 million. This is the second time Wood has purchased Tesla shares this month as the EV maker's shares continue to fall, down 7.9% in five sessions and about 23.5% in a month.

ARK loaded up over 66,000 shares of the EV maker at an estimated valuation of over $13 million on Oct. 20 via the company’s flagship ARK Innovation ETF (NYSE: ARKK), when the Elon Musk-led company's shares slumped 6.6% to close at $207.28 after its revenue came in lower than Wall Street expectations.