First Trust Advisors Boosts Robinhood Markets Stake by 10.6%

Investment firm increases ownership in the online brokerage to over 1 million shares

Published on Mar. 9, 2026

Got story updates? Submit your updates here. ›

First Trust Advisors LP grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.6% in the third quarter, according to a recent SEC filing. The investment firm now owns 1,005,922 shares of the company's stock, valued at $144 million, representing a 0.11% ownership stake.

Why it matters

The increased investment by First Trust Advisors in Robinhood Markets signals continued institutional interest in the online brokerage, which has faced volatility in its stock price and business performance since going public in 2021. Robinhood's ability to attract and retain institutional investors will be a key factor in its long-term success.

The details

According to the SEC filing, First Trust Advisors acquired an additional 96,040 shares of Robinhood in the third quarter, bringing its total position to over 1 million shares. The investment firm now owns approximately 0.11% of Robinhood's outstanding stock. The filing also showed that other hedge funds and institutional investors have been adjusting their Robinhood positions, with some increasing stakes and others reducing exposure.

  • First Trust Advisors increased its Robinhood stake in the third quarter of 2026.

The players

First Trust Advisors LP

An American investment management firm that provides a variety of financial products and services, including exchange-traded funds (ETFs), mutual funds, and separate account management.

Robinhood Markets, Inc.

A U.S.-based financial services company known for its mobile-first brokerage platform that aims to "democratize finance for all." The company went public in 2021.

Got photos? Submit your photos here. ›

The takeaway

The increased investment by First Trust Advisors in Robinhood Markets suggests that some institutional investors remain confident in the company's long-term potential, despite the stock's recent volatility. However, Robinhood will need to continue diversifying its revenue streams and improving its financial performance to retain the support of major institutional shareholders.