Cathie Wood's ARK Invest Buys Over 5.6 Million Shares of Palantir

Investing

Published: August 13, 2021 10:30 am

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) 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

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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