Cathie Wood’s Ark Fintech Innovation ETF gobbled up 1.15 million shares of Palantir on April 20, based on an emailed letter to clients.
- Notable acquisitions were also made from TuSimple Holdings Inc. with 748,503 shares; Jaws Spitfire Acquisition Corp. with 393,895 shares; 3D Systems Corp. with 369,200 shares; Workhorse Group Inc. with 318,467 shares; and Coinbase Global Inc. with 236,348 shares.
- Coinbase made its public debut through its direct listing last week, partially driving Bitcoin to all-time highs. Cathie Wood’s fund is buying COIN: Nasdaq for the third trading day in a row.
- The fund also continued to cover positions in Twitter Inc., Paccar Inc., Nvidia Corp., LendingTree Inc., Novartis AG., and Roche Holding AG..
- ARKF seeks long-term growth of capital by investing at least 80% of its assets in domestic and foreign equity securities of firms engaged in financial technology innovation.
ARKF:Nysearca is down 1.35%; PLTR:Nyse is up 0.18%; TSP:Nasdaq is up 1.19%; SPFR:Nyse is up 0.30%; DDD:Nyse is up 0.36%; WKHS:Nasdaq is down 1.55%; COIN:Nasdaq is down 2.76%; TWTR:Nyse is up 1.39%; PCAR:Nasdaq is up 0.22%; NVDA:Nasdaq is up 0.98%; TREE:Nasdaq is up 0.025%; NOVN:Swx is up 0.93%; and RO:Swz is up 2.65%.