Cathie Wood’s Ark Invest hiked its holdings in American software Palantir Technologies by acquiring 5.6 million shares estimated at $139.44 million, the company revealed.
- The additional exposure was made through all six of Ark Invest’s active exchange-traded funds, including four that made fresh investments in the stock.
- Prior to Thursday’s trades, Ark Next Generation Internet ETF (ARKW) and Ark Innovation ETF (ARKK) already held 26.47 million shares of Palantir, estimated at $591.65 million.
- The biggest buys were made by ARKK and Ark Genomic Revolution ETF (ARKG) with over a million shares, followed by Ark Autonomous Technology & Robotics ETF (ARKQ) and ARKW, which both acquired over 500,000 shares.
- The smallest purchases were made by Ark Fintech Innovation ETF (ARKF) and Ark Space Exploration & Innovation Fund (ARKX), which purchased less than 100,000 shares.
Palantir on Wednesday reported a $138.6-million net loss and expects third-quarter revenue at $385 million. PLTR is down 0.16% premarket.