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Cathie Wood's ARK Invest Buys Nearly 1.5 Million Shares of Palantir
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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), 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
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 a673b.bigscoots-temp.com.
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