{
  "id": 4750342,
  "title": "Cathie Wood’s ARK sells Palantir stock, buys Rocket Lab and Block",
  "url": "https://urgent.news/2026/09/01/cathie-woods-ark-sells-palantir-stock-buys-rocket-lab-and-block",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T00:21:34.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/cathie-woods-ark-sells-palantir-stock-buys-rocket-lab-and-block-93CH-4883396"
  },
  "original_language": "en",
  "account": "Cathie Wood's ARK ETF disclosed on Monday, August 31st, 2026, a series of significant stock transactions across its ARKK, ARKW, and ARKF ETFs. Notably, ARK divested 139,456 shares of Palantir Technologies Inc. (NYSE:PLTR), earning $25,979,258, underscoring its ongoing reduction in the firm's holdings. Conversely, ARK made a substantial purchase of 456,059 shares of Block, Inc. (NYSE:XYZ), investing $38,112,850, a clear indication of confidence in the company's potential. Another strategic acquisition was made in Rocket Lab Corp (NASDAQ:RKLB), wherein ARK bought 200,303 shares for $12,897,510, reinforcing the ETF's commitment to innovative aerospace companies. Additionally, ARK expanded its stake in Guardant Health, Inc. (NASDAQ:GH) by purchasing 56,987 shares, adding $9,203,400 to the investment. In the biotech sector, ARK further enhanced its position with 40,875 shares of Intellia Therapeutics, Inc. (NASDAQ:NTLA), valued at $526,061. On the selling front, ARK offloaded 169,672 shares of Tempus AI, Inc. (NYSE:TEM), realizing $10,865,794. The ETF also disposed of 80,181 shares of Shopify Inc. (NYSE:SHOP) and 8,623 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), demonstrating a deliberate shift in its portfolio. Other notable sales included 58,873 shares of Roblox Corporation (NYSE:RBLX) and 30,610 shares of Twist Bioscience Corporation (NASDAQ:TWST). These transactions highlight ARK's dynamic approach to managing its ETFs, focusing on high-growth sectors while strategically reducing exposure in others. Investors will be keenly observing these moves to assess their alignment with ARK's overarching investment strategy.",
  "summary": null,
  "key_points": [
    "ARK sold 139,456 shares of Palantir Technologies, earning $25.98M",
    "ARK bought 456,059 shares of Block, investing $38.11M",
    "ARK increased stake in Rocket Lab Corp by 200,303 shares"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}