Cathie Wood’s ARK Invest Buys Nearly 700,000 Shares of Palantir

By Chris Lange Published Aug 23, 8:15AM EDT

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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Friday. Specifically, these funds bought nearly 700,000 shares of Palantir Technologies Inc. (NASDAQ: PLTR | PLTR Price Prediction), as the price of the funds gained about 1% on the day. Note that these ETFs are up a fair amount in the past year.

ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 389,496 shares of Palantir, and ARK Autonomous & Robotics ETF (NYSEARCA: ARKQ) bought 294,500 shares. At Friday’s closing price, this would have valued this purchase at roughly $16.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The share price of these funds is up more than 30% in the past year .

Check out all of ARK Invest’s buys for Friday as well:

Fund	Ticker	Company Name	Shares Traded
ARKF	PLTR	PALANTIR TECHNOLOGIES	389,496
ARKF	PATH	UIPATH	54,779
ARKG	FATE	FATE THERAPEUTICS	105,042
ARKG	BEAM	BEAM THERAPEUTICS	34,871
ARKG	SMFR	SEMA4	203,932
ARKG	MASS	908 DEVICES	5,325
ARKG	RPTX	REPARE THERAPEUTICS	2,935
ARKG	QSI	QUANTUM-SI	7,856
ARKG	ZY	ZYMERGEN	2,601
ARKK	FATE	FATE THERAPEUTICS	292,854
ARKK	SRNG	SOARING EAGLE ACQUISITION	273,629
ARKK	BEAM	BEAM THERAPEUTICS	5,190
ARKK	SGFY	SIGNIFY HEALTH	18,900
ARKK	TSP	TUSIMPLE	1,970
ARKK	VCYT	VERACYTE	455
ARKQ	PLTR	PALANTIR TECHNOLOGIES	294,500
ARKQ	AVAV	AEROVIRONMENT	10,588
ARKQ	MKFG	MARKFORGED	116,408
ARKQ	KMTUY	KOMATSU	28,711
ARKQ	BLDE	BLADE AIR MOBILITY	22,603
ARKQ	SPFR	JAWS SPITFIRE ACQUISITION	11,547
ARKW	FTCH	FARFETCH	366,216
ARKW	GENI	GENIUS SPORTS	84,860
ARKW	KVSB	KHOSLA VENTURES ACQUISITION II	33,367
ARKW	LPSN	LIVEPERSON	1,001

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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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About the Author Chris Lange →

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.

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