Cathie Wood’s ARK Invest bought about $24.7 million of Meta Platforms shares on October 22, 2026, following a roughly 7% post-earnings decline, while selling smaller amounts of Palantir and Roblox. The purchases came after Meta reported strong revenue growth alongside negative quarterly free cash flow and a higher minimum capital-spending forecast.
Key Takeaways
- ARK’s Meta purchase substantially exceeded the combined value of its Palantir and Roblox sales.
- Meta’s revenue grew 26%, but quarterly capital spending exceeded operating cash flow.
- The trades show changes in exposure, not evidence of a complete exit from either Palantir or Roblox.
Table of Contents
- ARK Invest adds Meta while making smaller sales
- Meta’s growing advertising business faces a cash squeeze
- Palantir and Roblox present different operating pictures
- Conclusion
ARK Invest adds Meta while making smaller sales
ARK funds purchased 38,110 Meta shares on October 22. During the same session, they sold 7,936 Palantir shares and 33,793 Roblox shares.
The two sales were worth approximately $3.35 million combined, well below the Meta purchase. The size difference makes the addition to Meta the dominant transaction among these three trades.
These transaction amounts do not establish the funds’ resulting portfolio weights or Wood’s reasons for each decision. Reducing a position also does not, by itself, indicate an intention to exit it.
| Item | Details |
|---|---|
| Trading date | October 22, 2026 |
| Meta Platforms | Bought 38,110 shares, worth approximately $24.7 million |
| Palantir | Sold 7,936 shares, worth approximately $1.55 million |
| Roblox | Sold 33,793 shares, worth approximately $1.8 million |
Meta’s growing advertising business faces a cash squeeze
Meta’s third-quarter 2026 results showed revenue of $64.601 billion, up 26% from a year earlier. Advertising impressions increased 10%, while the average price per ad rose 14%, providing concrete evidence of growth in its core business.
The cash demands were substantial. Operating cash flow totaled $32.79 billion, while capital expenditure, including principal payments on finance leases, reached $34.91 billion. That left free cash flow negative by $2.12 billion.
Management narrowed its 2026 capital-expenditure outlook to $135 billion–$145 billion from $130 billion–$145 billion. This raised the minimum expected spending by $5 billion without increasing the upper limit. Meta said it expected to continue investing aggressively in its core business and emerging artificial-intelligence initiatives beyond 2026.
Cash investment was not the only pressure on reported performance. Quarterly operating income fell 37% to $12.988 billion, with expenses including a $9.89 billion charge related to an agreement resolving teen mental-health and social-media litigation.
Palantir and Roblox present different operating pictures
Palantir’s second-quarter revenue increased 93% to $1.94 billion, with U.S. commercial revenue rising 149%. The company raised its full-year revenue outlook to approximately $8.15 billion–$8.158 billion. ARK’s sale therefore came alongside strong reported growth, rather than a reported contraction.
Roblox’s second-quarter bookings increased 8%, and the company guided for a 14%–18% decline in third-quarter bookings. Its shares were down approximately 58% over the year preceding the trades.
The contrasting results matter when interpreting the transactions: ARK reduced exposure to both a rapidly growing software company and a gaming platform facing weaker bookings guidance. The sales alone do not establish a shared investment rationale.
Conclusion
ARK Invest’s largest move among the three stocks was its addition to Meta after the selloff. The next operating benchmark is Meta’s fourth-quarter revenue guidance of $73 billion–$76 billion, alongside its ability to fund the announced investment program.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
