Cathie Wood’s ARK Sells Palantir Shares and Increases Stake in 3D Systems

Cathie Wood’s ARK ETFs disclosed their trading activities for Friday, September 20th, 2024, with notable movements in both acquisitions and divestitures across multiple sectors. The largest transaction involved the sale of Palantir Technologies Inc. stock, where the ARKK ETF sold 16,053 shares valued at approximately $591,232. This sale continues a trend of reducing their position in Palantir, as ARK has been offloading shares throughout the week.

On the acquisition front, ARK exhibited a strong interest in 3D printing technology, purchasing a total of 4,614 shares of 3D Systems Corp. across their ARKQ and ARKX ETFs for a total of $12,088. This follows a pattern of increased investment in 3D Systems, highlighted by a significant purchase of 540,534 shares on Tuesday, September 17th.

Another noteworthy acquisition was the purchase of 41,395 shares of Markforged Holding Corp., also distributed between ARKQ and ARKX, with a total value of $85,687. This indicates a growing interest from ARK in this industrial 3D printing enterprise.

ARK also sold 377 shares of Intuitive Surgical Inc. through its ARKQ ETF, totaling $184,733, as well as 528 shares of Roblox Corp. from its ARKK ETF, valued at $24,446. Both of these sales signify a continuation of ARK’s strategy to divest from these companies in recent trading sessions.

The smallest transaction of the day involved the sale of 800 shares of Mynaric AG via the ARKX ETF, valued at just $1,023, contributing to a broader trend of selling in the aerospace sector.

In summary, Cathie Wood’s ARK ETFs have been actively managing their portfolio, focusing on divesting from Palantir Technologies while increasing stakes in 3D Systems, along with adjusting positions in other tech and innovation-driven companies. Investors tracking ARK’s trading activity will notice these strategic shifts as the team navigates the changing market landscape.

This article was generated with the support of AI and reviewed by an editor.