Ark Invest Trims Palantir and AMD Holdings to Buy $3.35 Million in Archer Aviation

Cathie Wood’s Ark Invest has adjusted holdings in its flagship Ark Innovation ETF, trimming positions in Palantir Technologies and Advanced Micro Devices while buying approximately $3.35 million worth of shares in Archer Aviation, according to portfolio trade disclosures reported by Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/cathie-wood-sold-palantir-amd-202500594.html).

The sales in Palantir and AMD follow significant gains for both holdings. Despite the recent reductions, both remain among the fund's largest investments, with Palantir ranking as the 11th-largest holding and AMD as the 12th-largest holding.

By comparison, Archer Aviation represents a smaller allocation in the fund, ranking as the 30th-largest position and making up roughly 1.2% of the Ark Innovation ETF portfolio by weight.

The purchase comes as Archer Aviation advances a transaction with Boeing to acquire three subsidiaries: autonomous flight developer Wisk Aero, drone maker Insitu, and airspace management platform SkyGrid. Under the terms of that deal, Boeing will receive a 16.5% equity stake in Archer and serve as a strategic partner.

Archer Aviation develops electric vertical take-off and landing (eVTOL) aircraft. Although its share price initially rose after announcing the Boeing transaction, the equity has surrendered much of that advance, trading down approximately 31% year to date and 62% below its previous high.