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ARK trimmed its Palantir stake as investors weigh growth outlook

MarketBeat Ratings says ARK sold about $25 million of Palantir, while Palantir’s August results showed U.S. commercial revenue up 149% year over year.

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MarketBeat Ratings highlights that Cathie Wood’s ARK funds trimmed their Palantir Technologies stake in early September, but the change was a modest reduction rather than a full exit. The outlet points to ARK selling around $25 million of Palantir as part of a broader portfolio rotation that also involved trimming and adding other high-growth positions.

With Palantir shares trading around $170 at the time cited, MarketBeat Ratings frames the key debate as how much room the stock has to run, rather than what one week of rebalancing signals. The outlet argues that trimming after a sharp rally can be routine risk management, not necessarily a sign that the business story has deteriorated.

MarketBeat Ratings also emphasizes Palantir’s underlying performance, citing the company’s August earnings as a recent data point. It reports that U.S. commercial revenue jumped 149% year over year, and says management raised forward guidance, supporting the view that investors should focus more on operating momentum than on the fund move.

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