Cathie Wood's ARK Invest Buys Nearly 1.5 Million Shares of Palantir

Investing

Published: November 10, 2021 7:25 am

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.