The first half of the year was difficult for Cathie Wood. The co-founder, CEO and investor at Ark Invest saw her family of aggressive growth exchange-traded funds significantly underperform the market. But she's not giving up...
Wood publishes Ark Invest's daily transactions and on Monday, as the second half of 2024 begins, she made some significant purchases. Some of the most interesting companies she bought this week include Palantir, Archer Aviation and Intellia. All are already part of the Ark Invest portfolio. Let's take a closer look at some of its early purchases in the second half of this year.
Palantir $PLTR
Most of Ark Invest's largest holdings have lagged the market this year, but Palantir isn't one of them. Shares of the provider of software solutions for the intelligence community are up 55% in 2024, more than quadrupling since the start of last year. It is now the seventh largest holding in all of Ark Invest's funds.
Many technology providers have seen their business slow…