finance.yahoo.com

ARK Invest Sells About $25M of Palantir, Adds to Rocket Lab and Block

Palantir logoPalantir
Sig0.90Sen-1.20Env0.00Soc0.00Gov0.00
Rocket Lab logoRocket Lab
Sig1.20Sen+1.40Env0.00Soc0.00Gov0.00

ARK Invest sold roughly $25 million of Palantir as part of a broader tech reshuffle. The firm also reduced positions including Shopify, AMD, and Tempus AI, while adding heavily to Rocket Lab, its biggest move, and buying about $37 million of Block shares. The changes suggest a shift in portfolio allocation rather than a change in Palantir’s fundamentals.

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