Cathie Wood’s ARK Invest Dumps Palantir and Shopify, Goes All In on Cerebras Systems
TLDR
- ARK Invest sold roughly $7.9 million worth of Palantir shares across its ARKK and ARKW ETFs on August 13
- ARK also offloaded over 57,000 Shopify shares worth around $8.6 million across three ETFs
- The firm bought nearly 107,000 shares of Cerebras Systems totaling over $28 million, its biggest trade of the day
- Cerebras recently posted record core revenue of $209.9 million, up 103% year over year
- Palantir had just reported a 93% revenue increase, yet ARK chose to trim its position
ARK Invest, run by Cathie Wood, made a series of large portfolio moves on August 13, 2026. The firm bought heavily into Cerebras Systems while cutting its positions in both Palantir Technologies and Shopify.
The biggest trade of the day was the purchase of 106,941 shares of Cerebras Systems across the ARKK and ARKW ETFs. The total value came to just over $28 million, based on a closing price of $231.01 per share.
Cerebras recently reported a narrower-than-expected adjusted loss of 4.5 cents per share, compared to analyst estimates of 17 cents. Core revenue hit a record $209.9 million, up 103% year over year. The company has also been working to reduce its reliance on Nvidia, which has been a factor drawing investor interest.
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