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Investing

Cathie Wood’s ARK Invest Sells Over 1.8 Million Shares of Palantir

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By Chris Lange Published
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Cathie Wood’s ARK Invest Sells Over 1.8 Million Shares of Palantir

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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 1.8 million shares of Palantir Technologies Inc. (NASDAQ: PLTR | PLTR Price Prediction), as the price of these ETFs were up about 1% on the day. Note that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 1,461,495 shares of Palantir and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 375,718 shares. At Thursday’s closing price, this would have valued this sale at roughly $52.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up 38% in the past year and the other is up 46%.

Check out all of ARK Invest’s sales for Thursday as well:

Fund Ticker Name Shares
ARKG CDXS CODEXIS 16,760
ARKG CLLS CELLECTIS 7,628
ARKG NVS NOVARTIS 157,464
ARKG SMFR SEMA4 19,527
ARKK TER TERADYNE 564,192
ARKK U UNITY SOFTWARE 171,947
ARKK PRLB PROTO LABS 28,800
ARKK PLTR PALANTIR TECHNOLOGIES 1,461,495
ARKK NTLA INTELLIA THERAPEUTICS 19,950
ARKK NTDOY NINTENDO 51,209
ARKK NSTG NANOSTRING TECHNOLOGIES 400
ARKK IRDM IRIDIUM COMMUNICATIONS 50,400
ARKQ U UNITY SOFTWARE 11,900
ARKW PLTR PALANTIR TECHNOLOGIES 375,718
ARKW U UNITY SOFTWARE 38,664

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
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Photo of Chris Lange
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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