Cathie Wood Makes Bold Move: ARK Invest Pours $28M into Cerebras Systems (CBRS) While Cutting Palantir (PLTR) and Shopify (SHOP)

Key Takeaways

• Cathie Wood’s ARK Invest unloaded approximately $7.9 million in Palantir Technologies stock via ARKK and ARKW ETFs on August 13
• The investment firm also divested more than 57,000 Shopify shares valued at approximately $8.6 million spread across three exchange-traded funds
• ARK purchased approximately 107,000 Cerebras Systems shares totaling more than $28 million in its largest single-day transaction
• Cerebras Systems just announced record-breaking core revenue of $209.9 million, representing a 103% year-over-year surge
• Despite Palantir reporting a robust 93% revenue jump, ARK decided to reduce its stake in the company

On August 13, 2026, Cathie Wood’s ARK Invest executed several significant portfolio adjustments. The investment management firm substantially increased its stake in Cerebras Systems while simultaneously reducing exposure to Palantir Technologies and Shopify.

Cerebras Systems Inc., CBRS

ARK’s most substantial transaction involved acquiring 106,941 Cerebras Systems shares distributed between the ARKK and ARKW exchange-traded funds. With shares closing at $231.01, the aggregate purchase value exceeded $28 million.

Cerebras just announced quarterly results showing an adjusted loss per share of 4.5 cents, significantly better than the 17-cent loss analysts had predicted. The AI chipmaker achieved record core revenue of $209.9 million, representing a 103% increase compared to the previous year. Additionally, the company’s strategic efforts to decrease dependency on Nvidia have attracted considerable attention from investors.

Palantir Position Reduced Following Impressive Financial Performance

ARK divested 43,874 Palantir shares distributed across its ARKK and ARKW funds, generating approximately $7.9 million in proceeds based on the $179.01 closing price.

The timing is noteworthy given that Palantir recently delivered exceptional second-quarter financial results. The data analytics company reported a remarkable 93% revenue increase alongside operating cash flow reaching $1.22 billion. The U.S. commercial segment demonstrated particularly strong performance, expanding 149% to generate $764 million in revenue.

Nevertheless, ARK has maintained a consistent selling pattern with Palantir shares across several trading sessions. According to Benzinga Edge analytics, Palantir ranks in the 74th percentile for Momentum but sits at merely the 1st percentile for Value.

Ongoing Shopify Divestment Strategy

ARK maintained its Shopify reduction strategy, divesting 57,045 shares distributed among ARKK, ARKW, and ARKF funds. These transactions generated approximately $8.6 million in total value.

This move aligns with an established trend from earlier trading days where ARK has progressively decreased its Shopify allocation.

Among other acquisitions, ARK secured 192,702 Securitize Corp shares via its ARKF ETF, valued at roughly $1.5 million. The firm also obtained 123,842 shares of Perceptive Capital Solutions Corp through ARKG, representing approximately $1.4 million in value.

Additional portfolio adjustments included acquiring 28,179 Schrodinger shares via ARKG for about $525,000, alongside divesting 51,171 shares of 10X Genomics for approximately $2.96 million.

These transactions signal a notable strategic reallocation within ARK’s investment portfolio, establishing Cerebras Systems as the recipient of the firm’s most substantial single-day capital deployment. ARK’s ARKK ETF closed August 13 with a 0.91% decline, while ARKF decreased 0.45%.

The post Cathie Wood Makes Bold Move: ARK Invest Pours $28M into Cerebras Systems (CBRS) While Cutting Palantir (PLTR) and Shopify (SHOP) appeared first on Blockonomi.