Cathie Wood’s Ark Adds $33.9M in Robinhood, Sells $22.3M Airbnb
ARK Innovation ETF purchased 433,806 Robinhood shares worth $33.9 million after the company reported a 38% year-over-year crypto revenue decline to $221 million. The fund simultaneously sold 186,754 Airbnb shares valued at $22.3 million ahead of its upcoming quarterly earnings and added 280,138 Figma shares for $6.3 million.
1. Robinhood Stake Expansion
ARK Innovation ETF acquired 433,806 Robinhood shares at a total cost of $33.9 million following a 38% plunge in crypto transaction revenue to $221 million, demonstrating a bet on the platform’s long-term recovery. This move increased the ETF’s exposure across multiple ARK funds despite recent market weakness.
2. Airbnb Divestiture Ahead of Earnings
The fund trimmed its Airbnb position by selling 186,754 shares worth $22.3 million, timed just before the company’s quarterly report for estimated EPS of $0.66. This reduction reflects cautious positioning ahead of potentially volatile earnings guidance.
3. Figma Position Added
ARK Innovation ETF added 280,138 shares of Figma, investing $6.3 million as analysts predict a software sector rebound driven by AI-enhanced workflows. The purchase aligns with Ark’s focus on companies benefiting from digital collaboration trends.
4. Other Portfolio Adjustments
Ark also adjusted several smaller positions, including new stakes in Circle Internet Group, Bullish and Shopify, while reducing holdings in Pinterest and Unity, indicating a broader portfolio rebalance toward fintech and AI-related growth names.