ARK Investment Trims Robinhood Stake by 35.6%

Hedge fund sells nearly 2.8 million shares of the trading app in Q3

Published on Mar. 5, 2026

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ARK Investment Management LLC, the prominent investment management firm founded by Cathie Wood, has reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 35.6% during the third quarter. The firm sold 2,768,820 shares of the online brokerage, leaving it with 5,017,044 shares worth $718,340,000 at the end of the quarter.

Why it matters

ARK Investment's sizable reduction in its Robinhood position is noteworthy, as the firm is known for its bullish bets on disruptive technology companies. The move suggests ARK may have concerns about Robinhood's growth prospects or valuation, which could impact investor sentiment around the stock.

The details

According to a 13F filing with the SEC, ARK Investment sold 2,768,820 shares of Robinhood during Q3 2026, reducing its total position to 5,017,044 shares. This represents a 35.6% decrease in ARK's Robinhood holdings. The firm remains a major shareholder, owning 0.56% of Robinhood's outstanding shares.

  • ARK Investment filed its 13F for Q3 2026 on March 5, 2026.

The players

ARK Investment Management LLC

A prominent investment management firm founded by Cathie Wood that is known for its bullish bets on disruptive technology companies.

Robinhood Markets, Inc.

A U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all."

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The takeaway

ARK Investment's significant reduction in its Robinhood stake could signal concerns about the online brokerage's growth prospects or valuation, potentially impacting investor sentiment around the stock. The move highlights the importance of closely monitoring the trading activity of high-profile institutional investors in the market.