On Monday, January 13, 2025, Cathie Wood‘s Ark Invest executed notable trades, prominently featuring the acquisition of Tempus AI Inc shares and the divestment of Palantir Technologies Inc.

The Tempus AI Trade: Ark Invest’s decision to increase its stake in Tempus AI Inc (NASDAQ: TEM) was marked by significant purchases across its ARKG and ARKK funds.

The ARKG fund acquired 98,691 shares, while ARKK added 280,192 shares, totaling 378,883 shares. With Tempus AI’s stock closing at $32.34, the total investment amounted to approximately $12.25 million. This move aligns with Ark’s recent focus on the biotech sector, as seen in prior trades involving Illumina and Intellia.

Tempus AI’s stock experienced a notable decline of 13.81% on the same day, closing at $32.34. Despite this drop, Ark’s substantial purchase indicates confidence in Tempus AI’s long-term potential.

The Palantir Technologies Trade: In contrast to its investment in Tempus AI, Ark Invest reduced its position in Palantir Technologies Inc (NYSE: PLTR) by selling 140,518 shares through its ARKK fund.

With Palantir’s stock closing at $64.98, the total value of the shares sold was approximately $9.13 million.

This divestment continues Ark’s trend of selling Palantir shares, as previously reported.

Palantir’s stock saw a decrease of 3.39% on Monday, closing at $64.98. Ark’s consistent reduction of its Palantir stake suggests a strategic shift, possibly reallocating funds towards more promising opportunities within its portfolio at a time when analysts are questioning whether the stock of the Peter Thiel company has driven up too much.

Other Key Trades:

  • Sold 65,550 shares of CareDx Inc (NASDAQ: CDNA) from ARKG, valued at approximately $1.64 million, with shares closing at $25.07.
  • Sold 37,358 shares of Veracyte Inc (NASDAQ: VCYT) from ARKG, amounting to roughly $1.60 million, with shares closing at $42.78.
  • Sold 76,522 shares of Adaptive Biotechnologies Corp (NASDAQ: ADPT) from ARKG, totaling about $494,000, with shares closing at $6.46.

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