Cathie Wood-led Ark Investment Management on Wednesday snapped up 2.07 million shares, worth about $39 million, in Palantir Technologies Inc (NYSE:PLTR), on a day the stock reversed the earnings-driven gains of the previous session.

Shares of software and analytics tool-making company traded sharply lower on Wednesday, closing 6.53% lower at $18.89 and were further down 0.6% in extended hours. PLTR shares had jumped over 9% on Tuesday after reporting an earnings beat.

The trades were made through Ark Innovation ETF (NYSE:ARKK). Ark holds Palantir via two funds, ARKK and the ARK Next Generation Internet ETF (NYSE:ARKW), which together held 25.23 million shares, worth about $510 million, ahead of Wednesday’s trade.

Wednesday was third straight where Ark added Palantir to its portfolio.

Other Ark Buys On Wednesday:

Other Ark Sells On Wednesday:

Photo by Cory Doctorow on Flickr