Dakota Wealth Management Trims Robinhood Stake

Hedge fund reduces position in fintech company by nearly 94% in Q4

Apr. 1, 2026 at 7:53am

Got story updates? Submit your updates here. ›

Dakota Wealth Management significantly reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund sold off 39,059 shares, leaving it with just 2,620 shares worth $296,000 as of the end of 2022.

Why it matters

Robinhood has faced a number of challenges in recent years, including regulatory scrutiny and a volatile stock price. This move by Dakota Wealth Management suggests some institutional investors may be souring on the fintech company's long-term prospects.

The details

According to the 13F filing, Dakota Wealth Management's position in Robinhood was reduced by 93.7% during the fourth quarter. The fund now owns just 2,620 shares of the company's stock, down from 41,679 shares at the end of the third quarter.

  • The 13F filing covers the fourth quarter of 2022, which ended on December 31, 2025.

The players

Dakota Wealth Management

A hedge fund that previously held a sizable position in Robinhood Markets.

Robinhood Markets, Inc.

A U.S.-based financial services company known for its mobile-first brokerage platform.

Got photos? Submit your photos here. ›

The takeaway

This move by Dakota Wealth Management suggests that some institutional investors may be growing more cautious about Robinhood's long-term prospects, even as the company continues to attract a large base of retail investors.