Ark Invest Bolsters Space Tech Holdings, Reduces Palantir Stake Amid Bitcoin Surge

Cathie Wood's Ark Invest made significant portfolio adjustments last week, with major increases in space exploration and fintech sectors. The firm acquired over 705,000 Rocket Lab shares, valued at approximately $45 million, positioning space technology as its primary investment focus.

Ark also purchased 28,589 Robinhood Markets shares worth about $3.5 million, a strategic reversal following previous divestments. This move mirrors the recent surge in Bitcoin prices, which has seen more than a 23% appreciation towards the $80,000 threshold.

The firm trimmed technology and healthcare positions, reducing Palantir Technologies by $25 million and Shopify by $23.6 million. Tempus AI saw cuts of $27.7 million, while Twist Bioscience was reduced by $11.9 million.