Key Highlights
- Cathie Wood’s ARK Invest divested approximately $7.9 million in Palantir Technologies shares from ARKK and ARKW ETFs on August 13
- The investment firm liquidated more than 57,000 Shopify shares valued at roughly $8.6 million across three different ETFs
- ARK acquired approximately 107,000 Cerebras Systems shares in a purchase exceeding $28 million, marking the day’s most significant transaction
- Cerebras Systems recently announced record core revenue reaching $209.9 million, representing a 103% year-over-year surge
- Despite Palantir’s impressive 93% revenue growth report, ARK opted to reduce its stake in the company
On August 13, 2026, Cathie Wood’s ARK Invest executed several significant portfolio adjustments. The investment firm substantially increased its holdings in Cerebras Systems while simultaneously reducing exposure to both Palantir Technologies and Shopify.
The most substantial transaction involved acquiring 106,941 Cerebras Systems shares through the ARKK and ARKW exchange-traded funds. This purchase totaled approximately $28 million, calculated at the stock’s closing price of $231.01 per share.
Cerebras recently announced quarterly results showing an adjusted loss of just 4.5 cents per share, significantly outperforming analyst projections of a 17-cent loss. The company achieved record core revenue of $209.9 million, marking a 103% year-over-year increase. Additionally, Cerebras has been actively working to decrease its dependency on Nvidia, a strategic move that has attracted considerable investor attention.
Palantir Position Reduced Despite Impressive Financial Performance
ARK divested 43,874 Palantir shares from its ARKK and ARKW funds, generating approximately $7.9 million based on the stock’s closing price of $179.01.
The sale follows Palantir’s release of robust second-quarter financial results. The data analytics company disclosed a 93% revenue increase and generated $1.22 billion in operating cash flow. Notably, Palantir’s U.S. commercial segment experienced explosive growth of 149%, delivering $764 million in revenue.
Notwithstanding these impressive metrics, ARK has maintained a consistent selling pattern of Palantir shares across several trading sessions. According to Benzinga Edge analytics, Palantir demonstrates a Momentum score ranking in the 74th percentile, though its Value score sits at merely the 1st percentile.
Ongoing Shopify Divestment Strategy
ARK maintained its Shopify reduction strategy by selling 57,045 shares distributed across ARKK, ARKW, and ARKF funds. These transactions generated approximately $8.6 million in total proceeds.
This divestment aligns with a broader trend observed earlier in the week, where ARK has been methodically decreasing its Shopify allocation.
On the acquisition front, ARK purchased 192,702 Securitize Corp shares through its ARKF ETF, valued at approximately $1.5 million. The firm also added 123,842 shares of Perceptive Capital Solutions Corp via ARKG, representing roughly $1.4 million.
Additional transactions included acquiring 28,179 Schrodinger shares through ARKG for approximately $525,000, alongside the divestment of 51,171 shares of 10X Genomics generating roughly $2.96 million.
These portfolio adjustments signal a strategic reallocation within ARK’s holdings, with Cerebras Systems emerging as the beneficiary of the firm’s largest single-session capital deployment. ARK’s ARKK ETF concluded August 13 with a 0.91% decline, while ARKF decreased by 0.45%.
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