Tesla, Inc. is losing the "star" status of Sister Wood's flagship fund.

Tesla, Inc., who has been the number one stock in wood's ARKK fund for most days since 2017, was recently beaten by Roku for the first time in about four and a half years.

Data compiled by Bloomberg show that the electric carmaker has held the top position in most days of wooden Sister's ARK Innovation fund since at least 2017. But it changed on Thursday, when Roku, a streaming hardware provider with a market capitalization of $13.2 billion, overtook Tesla, Inc. to take the top position in the fund.

As of Thursday's close, ARK held $703 million worth of Tesla, Inc. shares, while Roku's position was $717 million, according to data collected by Bloomberg ARK Investment Management.

Roku started by selling set-top boxes, and then transformed into a streaming media aggregation platform, firmly occupying the head of the streaming media platform. Roku is positioned as an open platform of a third party, benefiting from fierce competition from downstream content parties such as Netflix and Disney. Due to the high growth of streaming media business and the catalysis of COVID-19 's epidemic situation, the share price of Roku has risen about 26 times in four years, which is significantly higher than that of Nasdaq, Netflix and traditional TV Discovery.

Ms Mu's ARKK fund is down 55 per cent so far this year, and Tesla, Inc. 's loss of star status in the ETF also reflects the huge pressure on growth technology stocks from rising interest rates and the bleak outlook for the global economy. In addition, after the electric car maker's share price hit an all-time high in 2021It has plummeted by 35% this year.

According to data compiled by Bloomberg, ARK Investment Management and its flagship funds haveSold Tesla, Inc. shares for at least four consecutive quarters.At the end of March, the company held nearly 1.59 million Tesla, Inc. shares, down from nearly 5.79 million shares in the same period last year.

ARK's daily trading updates only show the proactive decisions of the management team and do not include new or redemption transactions caused by investor liquidity.Wooden elder sister repeatedly stressed that the investment period of ARK is at least five years, and the volatility of its stock selection is also expected.