Cathie Wood’s ARK Invest Buys Over 2.5 Million Shares of Palantir
A few of Cathie Wood's ARK Invest funds bought over 2.5 million shares altogether of Palantir on August 16.
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Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Monday. In particular, four funds bought over 2.5 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR | PLTR Price Prediction), as moves in the prices of these funds dropped 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): 375,968 shares
- ARK Innovation ETF (NYSEARCA: ARKK): 1,086,826 shares
- ARK Next Generation Internet ETF (NYSEARCA: ARKW): 1,051,051 shares
- ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX): 61,624 shares.
At Monday’s closing price, this would have valued all these purchases at more than $63.1 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 39% and 49% in the past year.
Here’s a look at all of ARK Invest’s purchases on Monday, including Palantir:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | Z | ZILLOW GROUP INC | 113,686 |
| ARKF | TWLO | TWILIO INC | 25,974 |
| ARKF | PATH | UIPATH INC | 61,075 |
| ARKF | PLTR | PALANTIR TECHNOLOGIES INC | 375,968 |
| ARKF | STNE | STONECO LTD | 353,803 |
| ARKG | SMFR | SEMA4 HOLDINGS CORP | 569,288 |
| ARKG | SGFY | SIGNIFY HEALTH INC | 784,785 |
| ARKG | QSI | QUANTUM-SI INC | 1,210,607 |
| ARKG | ZY | ZYMERGEN INC | 86,136 |
| ARKG | BLI | BERKELEY LIGHTS INC | 92,618 |
| ARKG | SRNG | SOARING EAGLE ACQUISITION CORP | 55,000 |
| ARKK | PD | PAGERDUTY INC | 65,000 |
| ARKK | NVTA | INVITAE CORP | 448,607 |
| ARKK | NTLA | INTELLIA THERAPEUTICS INC | 76,862 |
| ARKK | SGFY | SIGNIFY HEALTH INC | 228,429 |
| ARKK | FATE | FATE THERAPEUTICS INC | 65,163 |
| ARKK | EXAS | EXACT SCIENCES CORP | 244,663 |
| ARKK | SRNG | SOARING EAGLE ACQUISITION CORP | 150,000 |
| ARKK | CRSP | CRISPR THERAPEUTICS AG | 17,000 |
| ARKK | BLI | BERKELEY LIGHTS INC | 136,415 |
| ARKK | BEAM | BEAM THERAPEUTICS INC | 47,547 |
| ARKK | PLTR | PALANTIR TECHNOLOGIES INC | 1,086,826 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION CORP | 22,000 |
| ARKQ | MKFG | MARKFORGED HOLDING CORP | 97,989 |
| ARKQ | AVAV | AEROVIRONMENT INC | 28,400 |
| ARKW | VCYT | VERACYTE INC | 60,325 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES INC | 1,051,051 |
| ARKW | LPSN | LIVEPERSON INC | 38,463 |
| ARKW | KVSB | KHOSLA VENTURES ACQUISITION CO II | 27,474 |
| ARKW | DKNG | DRAFTKINGS INC | 210,644 |
| ARKX | BLDE | BLADE AIR MOBILITY INC | 72,012 |
| ARKX | PLTR | PALANTIR TECHNOLOGIES INC | 61,624 |
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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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Contact [email protected] for any questions or corrections.
Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
