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Cathie Wood Loads Up On Palantir, Cerebras, These Mag 7 Players

Cathie Wood’s ARK Invest portfolio shifts as the firm increases its stake in SpaceX, Palantir, Cerebras, and Amazon.

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The brief

ARK Invest has adjusted its holdings, acquiring new shares in SpaceX, Palantir, Cerebras, and Amazon. The firm concurrently reduced its position in Roku stock. These moves follow a recent post-IPO drop in SpaceX share value.

Coverage from The Motley Fool, Investing.com, Yahoo Finance, Business Insider, and Investor's Business Daily highlights these specific asset reallocations. Outlets note the firm's strategic focus on both established tech entities and companies involved in recent public offerings. Future developments depend on whether the firm continues to prioritize these specific assets.

The current coverage does not yet specify the long-term duration of these investment positions.

Synthesized by headlinez.news from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 34m ago.

Quick answers

Which stocks did ARK Invest purchase?

According to reports, the firm added SpaceX, Palantir, Cerebras, and Amazon to its holdings.

Did ARK Invest sell any stocks?

Yes, reports indicate that ARK Invest sold Roku stock.

What prompted the purchase of SpaceX?

Business Insider reports that the firm piled into SpaceX during the stock's post-IPO drop.

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