Cathie Wood’s ARK Invest Buys Nearly 1.5 Million Shares of Palantir
A few of Cathie Wood's ARK Invest funds bought nearly 1.5 million shares altogether of Palantir on November 9.
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Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. In particular, four funds bought nearly 1.5 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR | PLTR Price Prediction), as the prices of these funds dropped on the day. Note that these ETFs are up a fair amount in the past year.
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Specifically, the following funds purchased shares of Palantir:
- ARK Genomic Revolution ETF (NYSEARCA: ARKG): 290,548 shares
- ARK Innovation ETF (NYSEARCA: ARKK): 854,742 shares
- ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ): 116,335 shares.
- ARK Next Generation Internet ETF (NYSEARCA: ARKW): 222,350 shares
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At Tuesday’s closing price, this would have valued all these purchases at more than $36.0 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 10% and 41% in the past year.
Here’s a look at all of ARK Invest’s purchases on Tuesday, including Palantir:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 43,559 |
| ARKG | ALLO | ALLOGENE THERAPEUTICS | 42,925 |
| ARKG | VERV | VERVE THERAPEUTICS | 3,667 |
| ARKG | EXAS | EXACT SCIENCES | 77,868 |
| ARKG | NVTA | INVITAE | 70,000 |
| ARKG | PLTR | PALANTIR TECHNOLOGIES | 290,548 |
| ARKK | VCYT | VERACYTE | 84,118 |
| ARKK | PLTR | PALANTIR TECHNOLOGIES | 854,742 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 254,056 |
| ARKK | NVTA | INVITAE | 207,800 |
| ARKK | MTLS | MATERIALISE | 7,608 |
| ARKK | EXAS | EXACT SCIENCES | 35,273 |
| ARKQ | PLTR | PALANTIR TECHNOLOGIES | 116,335 |
| ARKQ | MKFG | MARKFORGED | 55,036 |
| ARKQ | DDD | 3D SYSTEMS | 237,673 |
| ARKW | HOOD | ROBINHOOD MARKETS | 158,350 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES | 222,350 |
| ARKX | DDD | 3D SYSTEMS | 28,697 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
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.
