Cathie Wood's ARK Innovation ETF Dumps $5.7M AMD, Buys $6.1M Palantir
ARK Innovation ETF within ARKK sold 24,155 Advanced Micro Devices shares worth about $5.7 million, representing over half of the 44,446-share, $10.52 million AMD disposal across ARK funds. It also added 46,455 Palantir Technologies shares valued at roughly $6.1 million, part of an $11.15 million data analytics acquisition.
1. Palantir Purchase
ARK Innovation ETF within ARKK acquired 46,455 shares of Palantir Technologies valued at approximately $6.1 million, contributing to a total purchase of 85,485 shares near $11.15 million across five ARK-managed funds.
2. AMD Stake Reduction
The same ETF sold 24,155 Advanced Micro Devices shares worth about $5.7 million, composing over half of ARK’s combined 44,446-share AMD disposal totaling $10.52 million across its five actively managed vehicles.
3. Portfolio Rebalancing Effects
These trades decrease semiconductor exposure and boost allocation to AI-focused software, underscoring a thematic shift in ARKK’s technology weightings reflecting dynamic sector valuations.