Ark Invest Buys $12.4 Million of CoreWeave, Trims Palantir Stake

Ark Invest, the firm run by Cathie Wood, added shares of CoreWeave, Cerebras Systems and Meta Platforms on October 14 while cutting its position in Palantir Technologies, according to TradingView.

The CoreWeave buying was split between the ARK Innovation ETF and the ARK Next Generation Internet ETF and came to 188,665 shares, a stake valued at roughly $12.4 million at the day's $65.78 close. The AI data center provider has drawn scrutiny over its balance sheet: it posted a $626 million net loss and $640 million in net interest expense in the second quarter, with debt and lease obligations of about $52 billion as of the end of June. Co-founder Brannin McBee said the borrowing funds expansion and that almost all 2027 capacity is already committed.

Ark also picked up 44,689 Cerebras shares, worth about $6.3 million at a $141.48 close, a day after buying 67,362 shares. In Meta, the firm added 9,577 shares, about $7.1 million.

On the sell side, Ark disposed of 31,432 Palantir shares across two funds, worth roughly $6.3 million at a $200.97 close. Goldman Sachs raised Palantir to Buy on October 8 with a $230 target. Third-quarter results are due November 9.

This story was first reported by TradingView.