Cathie Wood’s ARK Invest executed a major portfolio reshuffling on Wednesday, purchasing over $21 million in Robinhood Markets stock. The investment firm simultaneously reduced positions in chip maker AMD and data analytics company Palantir Technologies.
The ARKK and ARKW exchange-traded funds combined to buy 167,489 Robinhood shares valued at $21.3 million. ARKK purchased 131,049 shares while ARKW acquired 36,440 shares.
This purchase increases Robinhood’s weight in both ETFs to approximately 19% of total holdings. The trade represents ARK’s largest buy of the day.
ARK also added streaming giant Netflix to its portfolio. The ARKW fund purchased 15,756 shares worth $19.6 million.
The firm moved away from semiconductor stocks by selling 44,909 AMD shares. The transaction through ARKW was valued at $10.7 million.
ARK reduced its Palantir Technologies holdings by 23,768 shares worth $4.3 million. The data analytics firm has been a frequent subject of ARK’s portfolio adjustments.
Palantir Technologies Inc., PLTR
Gaming and entertainment stocks also saw exits. ARK sold 111,849 Roblox shares valued at $14.9 million and 55,255 Roku shares totaling $5.4 million.
The firm continued trimming its Adaptive Biotechnologies position with an 84,986 share sale worth $1.5 million. This follows a similar reduction pattern from prior weeks.
Robinhood has been aggressively expanding its cryptocurrency operations throughout 2025. The company acquired Canadian platform WonderFi for $180 million in May.
In June, Robinhood completed a $200 million purchase of European exchange Bitstamp. The company also announced plans to launch a Layer 2 blockchain built on Arbitrum.
The platform recently added BNB trading support for users. These moves demonstrate Robinhood’s commitment to becoming a major crypto trading destination.
Robinhood Crypto generated $28.3 billion in trading volume during Q2 2025. This marks a 24% increase compared to the same period in 2024.
ARK Invest has been systematically increasing exposure to crypto-related equities. The firm has purchased shares in Robinhood, Bullish, Coinbase, and BitMine throughout the year.
Robinhood stock declined 3.5% on Wednesday, closing at $127.22 per share. The drop occurred despite ARK’s large purchase.
ARK’s active management approach involves frequent portfolio rebalancing based on market conditions. The firm focuses on disruptive technology and innovation-driven companies.
Other Wednesday trades included purchases of Arcturus Therapeutics Holdings stock. Sales included positions in CareDx, Personalis, Shopify, and Veracyte.
Robinhood shares now represent one of the largest positions across ARK’s ETF lineup at 19% of holdings in both ARKK and ARKW funds.
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