Cathie Wood Sells Airbnb, Buys Robinhood and Shopify in Portfolio Shift

TLDR

• ARK Invest purchased $13.6 million in Robinhood and $13.5 million in Shopify shares following earnings-related price declines on February 12
• Cathie Wood’s fund sold $31 million worth of Airbnb stock, marking the second consecutive day of reducing the position
• ARK also bought Tempus AI, Roblox, and Toast while selling DraftKings, Pinterest, and Teradyne holdings
• Robinhood stock fell 8.79% and Shopify dropped 6.78% after releasing quarterly earnings results
• Wall Street analysts rate Robinhood and Pinterest as “Strong Buy” with potential upside exceeding 90%

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Cathie Wood’s ARK Invest purchased shares in several tech companies on February 12 after their stock prices declined following earnings announcements. The investment firm bought Robinhood Markets, Shopify, Tempus AI, and Roblox while reducing positions in Airbnb, DraftKings, and Pinterest.

Robinhood Markets, Inc., HOOD

ARK acquired 174,677 shares of Robinhood worth $13.6 million after the stock fell 8.79% on disappointing earnings. The firm also purchased 114,020 shares of Shopify for $13.5 million as the e-commerce platform dropped 6.78% following its quarterly report.

These purchases reflect Wood’s approach of buying quality companies when prices fall after earnings. The strategy assumes short-term market reactions create opportunities for long-term investors. Earnings season typically triggers portfolio adjustments as companies release results and forward guidance.

ARK added 210,301 shares of Tempus AI for $11.3 million after the health tech stock declined 5.28%. The fund purchased 134,595 shares of Roblox for $9.3 million following an 8.46% drop in the gaming platform’s stock. ARK also bought 156,974 shares of Toast for $4.4 million.

Major Airbnb Sale Continues

The investment firm sold 259,652 shares of Airbnb worth $31 million across its ARKK, ARKW, and ARKF exchange-traded funds. This marked the second straight day ARK reduced its Airbnb stake. The vacation rental company’s stock fell 3% during the period.

ARK sold 680,371 shares of DraftKings for $17.9 million, extending a multi-day trend of reducing exposure to the sports betting platform. DraftKings stock dropped 4.33% in recent trading sessions.

The fund also sold 214,031 shares of Pinterest for $4.1 million and 13,992 shares of Teradyne worth $4.5 million. ARK divested 2,866 shares of MercadoLibre for $5.8 million as well. The proceeds from these sales funded purchases in Robinhood, Shopify, and other growth companies.

Additional Technology Investments

ARK bought 522,763 shares of Genius Sports for $3.2 million, showing continued interest in sports technology companies. The trades demonstrate Wood’s focus on innovation sectors including financial technology, e-commerce platforms, healthcare technology, and gaming.

Wall Street analysts currently assign “Strong Buy” ratings to both Robinhood Markets and Pinterest. Analysts project upside potential exceeding 90% for both stocks over the next twelve months. These ratings align with Wood’s decision to increase Robinhood holdings at current prices.

The daily trade disclosures reveal ARK’s active management strategy during earnings season. The firm concentrates investments in high-growth technology sectors while trimming positions in travel, sports betting, and social media. ARK’s February 12 trades totaled over $100 million in combined buying and selling activity across multiple ETFs.

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