Home » Business » Cathie Wood sells over 38K Palantir shares before earnings
ARK Invest pivots from Palantir to crypto and healthcare plays as tech sector positioning shifts before earnings season.
Photo: Chris Ratcliffe
Key Takeaways
- Cathie Wood’s ARK Invest sold over 38,000 Palantir shares before earnings, reallocating funds to Bullish and Beam Therapeutics.
- The shift reflects ARK’s broader strategy to balance exposure between AI, crypto, and biotech sectors.
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Cathie Wood, chief investment officer at ARK Invest, sold over 38,000 Palantir Technologies shares ahead of the AI-driven data analytics firm’s earnings report. The sales were concentrated mainly in ARK’s flagship ETF, ARKK.
ARK Invest has been reallocating capital from Palantir to other assets like Bullish, a crypto exchange operator, with Bullish shares purchased across multiple ARK ETFs. The investment firm is also increasing its positions in companies like Beam Therapeutics while trimming its exposure to Palantir.
