Quick Read
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ARK bought 88,013 Shopify shares worth $12.5 million on a day SHOP fell 8.74% to $142.57 after its Q3 report.
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ARK spread the purchase across ARKK, ARKW, and ARKF, partly reversing October sales of 304,766 shares made at higher prices.
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Shopify reported 32% revenue growth and 66% operating income growth in Q3, but revenue narrowly missed consensus for the first time since 2022.
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Cathie Wood’s ARK Invest added 88,013 Shopify (NASDAQ:SHOP) shares on Tuesday, November 3, 2026. That was the same session the stock fell 8.74% to $142.57 after its third-quarter report, and the purchase was worth about $12.5 million at Tuesday’s close.
Volume, 24.8 million shares versus 13.9 million on Monday, indicated heavy selling. Buyers returned after a $136.43 open and $135.65 low, about 13.2% below Monday’s $156.22 close, cutting the loss to $13.65.
After-hours trading extended the decline, with shares at $141.25 at 7:59 p.m. ET, down 0.93%. Shopify is valued at $173.88 billion, inside a 52-week range of $94.00 to $180.88.
What ARK Bought, and What It Sold First
The buy covered 63,238 shares in ARK Innovation ETF (BATS:ARKK). It also included 17,129 shares in ARK Next Generation Internet ETF (CBOE:ARKW) and 7,646 shares in ARK Blockchain & Fintech Innovation ETF (CBOE:ARKF). Each was about 0.15% of its fund.
ARK reveals no execution price, so the value ranges from $11.9 million at the low to $13.1 million at the high. It was still ARK’s largest purchase of the day, ahead of 63,638 Palantir (NASDAQ:PLTR) shares bought across five funds.
Why Didn’t SHOP Make The Top 10 List?
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ARK sold 304,766 Shopify shares between October 8 and October 23, when closes ran from $164.56 to $178.14. Tuesday’s buy equals about 29% of those shares, so it partly reverses a trim.
Shopify was ARKK’s No. 8 holding at 3.15% and ARKF’s largest at 8.84% in filings that appear to precede the buy. The purchase would add about 5.3% and 1.9% to those stakes. ARK gave no reason for the trade.
