Cathie Wood’s ARK Invest Purchases Tempus AI Stock while Divesting from Palantir and Roblox

Cathie Wood’s ARK ETFs have disclosed their daily trades for Wednesday, September 25th, 2024, highlighting another dynamic day for the investment firm renowned for its emphasis on disruptive innovation. The most significant transaction of the day was the acquisition of 61,157 shares of Tempus AI Inc, with the purchase totaling $3,132,461. This investment reflects an increasing interest in the artificial intelligence sector, as ARK has been steadily accumulating shares of Tempus AI, having previously acquired 16,234 shares just the week before.

On the selling front, ARK reduced its stake in Palantir Technologies Inc by 62,809 shares, leading to a sale worth $2,317,652. This action continues a trend from earlier in the week where ARK sold smaller quantities of Palantir stock. Another notable transaction was the divestment of 28,093 shares of Roblox Corp, resulting in a total sale of $1,323,461, consistent with a pattern of reducing their holdings in Roblox over the last several days.

Additionally, ARK sold 9,507 shares of Roku Inc from its ARKW ETF, with this transaction valued at $725,954, further contributing to a decline in Roku holdings observed earlier in the week.

Among the smaller trades, ARK sold 22,698 shares of Butterfly Network Inc for $37,224, part of an ongoing selling trend for the stock. Similarly, Materialise NV saw a reduction in ARK’s investment as 7,525 shares were sold for $39,732.

On the buying side, ARK acquired 30,414 shares of Blade Air Mobility Inc through its ARKX ETF, valued at $90,937. This purchase adds to the previous day’s buy of Blade Air Mobility, signaling a growing interest in the urban air mobility service.

In other minor transactions, ARK sold 150 shares of Mynaric AG for $202, and 497 shares of Veeva Systems Inc for a total of $103,331. The sale of Vuzix Corp was divided between the ARKQ and ARKW ETFs, amounting to a total of 2,580 shares sold for a combined value of $2,580.

Investors tracking Cathie Wood’s ARK ETFs will notice the continuous adjustments in the firm’s portfolio, reflecting their strategy to leverage market trends and pursue long-term growth opportunities in innovative sectors.