Ark Invest's Cathie Wood trims PLTR, GOOG and SHOP while adding biotech stocks
According to Stocktwits, Ark Invest funds sold Palantir, Alphabet and Shopify shares on Friday and bought PACB, SCTX and FRNM in ARKG.
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what happened
According to Stocktwits, Cathie Wood's Ark Invest made a series of portfolio adjustments on Friday. The funds trimmed several technology and growth names while adding to a group of smaller biotechnology holdings.
In the ARK Innovation ETF (ARKK), the firm sold 15,302 Palantir Technologies (PLTR) shares, 17,740 Shopify (SHOP) shares and 65,812 Alphabet (GOOG) shares. Cloudflare shares were also sold. In ARKW, sales included Alphabet, Palantir, CrowdStrike, Circle, Roblox and several other companies.
Purchases were concentrated in ARKG, which added 68,266 Pacific Biosciences (PACB) shares, 22,479 Scribe Therapeutics (SCTX) shares and 169,498 Freenome (FRNM) shares. Pacific Biosciences was also bought in ARKK.
why it matters
Ark Invest trades often draw attention from investors, but they reflect decisions of individual funds and do not set a broad market trend. For technology stocks and small biotech companies, such flows can add volatility. According to Stocktwits, PACB rose nearly 1% in Friday's regular session and gained about 0.2% after hours.
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- Cathie Wood-Led Ark Invest Sells PLTR, GOOG, SHOP Stocks — But Loads Up On PACB, FRNM And Other Biotech Firms — Stocktwits, 24 October 2026 at 05:29 UTC
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