Cathie Wood’s ARK Invest Buys Over 5.6 Million Shares of Palantir
A few of Cathie Wood's ARK Invest funds bought over 2.9 million shares altogether of Palantir on August 12.
Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. In particular, six funds bought over 5.6 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR | PLTR Price Prediction) on Thursday, as moves in the prices of these funds were mixed on the day. Note that these ETFs are up a fair amount in the past year.
Specifically, the following funds purchased shares of Palantir:
- ARK Fintech Innovation ETF (NYSEARCA: ARKF): 370,643 shares
- ARK Genomic Revolution ETF (NYSEARCA: ARKG): 1,727,500 shares
- ARK Innovation ETF (NYSEARCA: ARKK): 2,295,428 shares
- ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ): 559,054 shares
- ARK Next Generation Internet ETF (NYSEARCA: ARKW): 587,952 shares
- ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX): 61,748 shares.
At Thursday’s closing price, this would have valued all these purchases at more than $139.4 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 39% and 56% in the past year.
Here’s a look at all of ARK Invest’s purchases on Thursday, including Palantir:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | DKNG | DraftKings | 55,100 |
| ARKF | ETSY | Etsy | 27,834 |
| ARKF | PLTR | Palantir Technologies | 370,643 |
| ARKG | SMFR | Sema4 | 183,204 |
| ARKG | PLTR | Palantir Technologies | 1,727,500 |
| ARKG | ZY | Zymergen | 8,322 |
| ARKG | CRSP | CRISPR Therapeutics | 25,000 |
| ARKG | SDGR | Schrodinger | 164,583 |
| ARKK | VCYT | Veracyte | 53,666 |
| ARKK | TSP | TuSimple | 204,932 |
| ARKK | SGFY | Signify Health | 153,790 |
| ARKK | PLTR | Palantir Technologies | 2,295,428 |
| ARKK | BLI | Berkeley Lights | 92,723 |
| ARKQ | VUZI | Vuzix | 30,862 |
| ARKQ | TSP | TuSimple | 89,805 |
| ARKQ | MKFG | Markforged | 155,800 |
| ARKQ | PLTR | Palantir Technologies | 559,054 |
| ARKW | LPSN | LivePerson | 29,837 |
| ARKW | PLTR | Palantir Technologies | 587,952 |
| ARKX | PLTR | Palantir Technologies | 61,748 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
