- Roku Inc Faces Significant Reduction in Catherine Wood's Portfolio
May 12, 2026
This article first appeared on GuruFocus.
Exploring the Strategic Moves of ARK's Founder in Q1 2026
Catherine Wood (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2026, providing insights into her investment moves during this period. With over 40 years of experience, Cathie Wood founded ARK in 2014 to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that spans across sectors, market capitalizations, and geographies, she believes ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centered around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As chief investment officer and portfolio manager, Wood spearheaded the development of ARKs philosophy and investment approach and is ultimately responsible for investment decisions. Recognizing that disruptive innovation causes rapid cost declines, cuts across sectors, and spawns further innovation, ARK uses an iterative investment process that combines top-down and bottom-up research. The firm strives to identify innovation early in order to capitalize on the opportunity, providing long-term value to investors.
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Summary of New Buy
Catherine Wood (Trades, Portfolio) added a total of 13 stocks, among them:
The most significant addition was Broadcom Inc (NASDAQ:AVGO), with 407,803 shares, accounting for 0.98% of the portfolio and a total value of $126.22 million. The second largest addition to the portfolio was BioNTech SE (NASDAQ:BNTX), consisting of 127,878 shares, representing approximately 0.09% of the portfolio, with a total value of $11.37 million. The third largest addition was Eli Lilly and Co (NYSE:LLY), with 12,676 shares, accounting for 0.09% of the portfolio and a total value of $11.66 million.
Key Position Increases
Catherine Wood (Trades, Portfolio) also increased stakes in a total of 85 stocks, among them:
The most notable increase was Tempus AI Inc (NASDAQ:TEM), with an additional 2,050,162 shares, bringing the total to 9,607,745 shares. This adjustment represents a significant 27.13% increase in share count, a 0.72% impact on the current portfolio, with a total value of $434.46 million. The second largest increase was Robinhood Markets Inc (NASDAQ:HOOD), with an additional 1,196,850 shares, bringing the total to 6,003,061. This adjustment represents a significant 24.9% increase in share count, with a total value of $416.01 million.
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Summary of Sold Out
Catherine Wood (Trades, Portfolio) completely exited 29 of the holdings in the first quarter of 2026, as detailed below:
The Trade Desk Inc (NASDAQ:TTD): Catherine Wood (Trades, Portfolio) sold all 2,927,539 shares, resulting in a -0.74% impact on the portfolio. PagerDuty Inc (NYSE:PD): Catherine Wood (Trades, Portfolio) liquidated all 8,323,386 shares, causing a -0.72% impact on the portfolio.
Key Position Reduces
Catherine Wood (Trades, Portfolio) also reduced positions in 82 stocks. The most significant changes include:
Reduced Roku Inc (NASDAQ:ROKU) by 2,061,333 shares, resulting in a -35.05% decrease in shares and a -1.49% impact on the portfolio. The stock traded at an average price of $97.4 during the quarter and has returned 53.27% over the past 3 months and 17.16% year-to-date. Reduced Teradyne Inc (NASDAQ:TER) by 1,111,134 shares, resulting in a -47.16% reduction in shares and a -1.43% impact on the portfolio. The stock traded at an average price of $278.84 during the quarter and has returned 13.93% over the past 3 months and 83.08% year-to-date.
Portfolio Overview
At the first quarter of 2026, Catherine Wood (Trades, Portfolio)'s portfolio included 181 stocks, with top holdings including 8.18% in Tesla Inc (NASDAQ:TSLA), 4.29% in Advanced Micro Devices Inc (NASDAQ:AMD), 4.19% in CRISPR Therapeutics AG (NASDAQ:CRSP), 3.85% in Shopify Inc (NASDAQ:SHOP), and 3.54% in Palantir Technologies Inc (NASDAQ:PLTR).
The holdings are mainly concentrated in 10 of all the 11 industries: Technology, Healthcare, Consumer Cyclical, Financial Services, Industrials, Communication Services, Energy, Utilities, Consumer Defensive, Basic Materials.
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- Robinhood Ventures confidentially files for a second fund
May 12, 2026
[Markets Open Down On Jobs Reports Data And Iran War Uncertainty, Day After Steep Decline]
Michael M. Santiago
Robinhood Ventures Fund II (RVII) has confidentially filed with the U.S. Securities and Exchange Commission to start the process of registering a public offering of its shares. The filing follows Robinhood's (HOOD [https://seekingalpha.com/symbol/HOOD]) first ventures fund, Robinhood Ventures Fund I (RVI [https://seekingalpha.com/symbol/RVI]), which raised up to [https://seekingalpha.com/news/4561818-robinhood-ventures-fund-i-prices-ipo-at-25-per-share]$705.7M to invest in private companies.
The number of shares to be offered and the size of the fund haven't yet been determined, it said in a blog post. [https://robinhood.com/us/en/newsroom/RVII-confidential-draft-registration-statement/]
The capital raised will be invested in a diversified portfolio of early-stage and growth-stage private companies. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
MORE ON ROBINHOOD MARKETS
* Wall Street Lunch: Robinhood Markets Tumbles After Q1 Revenue Miss, ARPU Declines [https://seekingalpha.com/article/4895918-wall-street-lunch-robinhood-markets-tumbles-after-q1-revenue-miss-arpu-declines]
* Robinhood Q1: A Buy After The Double-Miss [https://seekingalpha.com/article/4895616-robinhood-q1-a-buy-after-the-double-miss]
* Robinhood Markets, Inc. (HOOD) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4895413-robinhood-markets-inc-hood-q1-2026-earnings-call-transcript]
* SA Asks: What's next for Robinhood after its disappointing Q1 report? [https://seekingalpha.com/news/4585959-sa-asks-whats-next-for-robinhood-after-its-disappointing-q1-report]
* Bitcoin surge above $80K fuels rally in cryptocurrency-linked stocks [https://seekingalpha.com/news/4584498-bitcoin-tops-80000-to-hit-three-month-high-ether-advances]
- Robinhood Markets, Inc. to Present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, 2026
May 12, 2026 · globenewswire.com
MENLO PARK, Calif., May 12, 2026 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that it will be participating in the upcoming J.P.
- ROBINHOOD MARKETS, INC. TO PRESENT AT THE J.P. MORGAN GLOBAL TECHNOLOGY, MEDIA AND COMMUNICATIONS CONFERENCE ON MAY 19, 2026
May 12, 2026
MENLO PARK, CALIF., MAY 12, 2026 (GLOBE NEWSWIRE) -- ROBINHOOD MARKETS, INC. (“ROBINHOOD”) (NASDAQ: HOOD) TODAY ANNOUNCED THAT IT WILL BE PARTICIPATING IN THE UPCOMING J.P.
- How Robinhood's Second Venture Fund Could Boost HOOD's Growth Story
May 12, 2026
Robinhood Markets HOOD is moving deeper into private-market investing with plans to launch Robinhood Ventures Fund II, or RVII. The fund has confidentially submitted a draft registration statement on Form N-2 with the SEC, beginning the process for a public offering of shares. The size of the fund and the number of shares to be offered have not yet been determined.
RVII is designed to invest in a diversified portfolio of early-stage and growth-stage private companies, giving retail investors access to opportunities that have historically been limited to accredited investors and venture-capital firms. Unlike Robinhood’s first venture fund, Robinhood Ventures Fund I (RVI), which holds stakes in 10 late-stage companies, including OpenAI, Databricks, Stripe, Revolut, Ramp and Oura, the second fund is expected to cast a wider net by targeting younger startups with higher risk but potentially greater upside.
The strategy supports Robinhood’s broader mission to democratize finance. By allowing investors to gain venture-style exposure through a regular brokerage account, the company is expected to attract users seeking access to pre-IPO growth companies, especially in sectors such as artificial intelligence and fintech.
RVII will help Robinhood diversify beyond transaction-based revenues tied to trading volumes. A broader private-market product lineup may increase assets under custody, deepen customer engagement and improve retention. It could also create new fee-based revenue opportunities while strengthening the company’s position as a full-service investing platform.
Still, the risks remain. Early-stage investing is volatile, many startups fail, and fund shares may be affected by liquidity and valuation concerns. Even so, strong performance from Robinhood’s first venture fund suggests retail appetite remains high, making RVII a potentially important growth lever for HOOD.
How are Robinhood’s Peers Diversifying Their Businesses?
Two close peers of HOOD are Charles Schwab SCHW and Interactive Brokers Group IBKR.
Schwab is diversifying by expanding beyond traditional brokerage into wealth management, advisory services, banking, lending, retirement solutions and asset management. Its focus on fee-based advisory assets, net interest income and broader client financial services helps reduce dependence on trading commissions. Schwab’s diversified model supports steadier revenues, deeper client relationships and improved resilience across market cycles.
Interactive Brokers is diversifying by expanding beyond core brokerage into global market access, high-yield cash balances, securities lending, institutional services, retirement accounts and advisor solutions. Interactive Brokers’ growing interest income, international client base and technology-driven platform reduce reliance on trading commissions while supporting scalable growth across retail, professional and institutional investors.
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HOOD’s Price Performance, Valuation & Estimate Analysis
Over the past six months, Robinhood’s shares have lost 33.5% against the industry’s growth of 1.2%.Zacks Investment Research
Image Source: Zacks Investment Research
HOOD’s shares are currently trading at a premium to the industry. The company has a 12-month trailing price-to-tangible book (P/TB) of 8.14X compared with the industry average of 2.89X.Zacks Investment Research
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Robinhood’s 2026 earnings suggests a year-over-year decline of 9.3%, while the trend is likely to reverse next year, with earnings expected to jump 31.8%. In the past month, earnings estimates for 2026 and 2027 have been revised lower to $1.86 and $2.45 per share, respectively.Zacks Investment Research
Image Source: Zacks Investment Research
HOOD currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Robinhood's Second Venture Fund Targets Early-Stage Private Companies
May 12, 2026 · pymnts.com
Robinhood announced a new venture fund that will raise capital to invest in early-stage and growth-stage private companies.
- How Robinhood's Second Venture Fund Could Boost HOOD's Growth Story
May 12, 2026 · zacks.com
HOOD moves deeper into private markets with Ventures Fund II, offering retail access to early-stage startups and new revenue beyond trading.
- Riding an AI rally, Robinhood preps second retail venture IPO
May 12, 2026
SANTA MONICA, CALIFORNIA - APRIL 18: Vlad Tenev attends the 12th Breakthrough Prize Ceremony at Barker Hangar on April 18, 2026 in Santa Monica, California. (Photo by Axelle/Bauer-Griffin/FilmMagic) | Image Credits:Axelle/Bauer-Griffin / Contributor / Getty Images
Just two months after listing its first venture fund on the stock market, Robinhood is preparing to launch a second. The company has filed a confidential registration for RVII, a standard regulatory step that allows it to work through the approval process before making details public.
Unlike its first fund, which currently holds stakes in 10 late-stage companies — Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe— RVII will cast a wider net, investing in growth-stage and early-stage startups. It’s a meaningful distinction, given that early-stage startups are younger and carry more risk but also offer the potential for greater returns.
The fundraising target for RVII has not yet been set, the company said in a blog post. For its inaugural fund, Robinhood sought to raise $1 billion but ultimately fell several hundred million short of that goal.
Despite the shortfall, the first fund has performed strongly. RVI — the ticker for Robinhood’s first fund, which trades on the NYSE (New York Stock Exchange) — debuting on the NYSE at $21 a share in early March and has since more than doubled, closing on Monday at $43.69. Market enthusiasm for the AI prospects of the fund’s underlying startups has likely fueled the stock’s rise.
The premise behind both funds addresses a longstanding gap in who gets to invest in startups. Under federal rules, only “accredited” investors — those with a net worth exceeding $1 million or annual income above $200,000 — can put money into private companies. That has historically locked ordinary investors out of the earliest and most lucrative stages of a company’s growth. RVI and now RVII, are designed to change that, letting anyone invest in a portfolio of private startups through a regular brokerage account.
“You can think of [Robinhood Ventures] as a publicly traded venture capital firm with daily liquidity. No accreditation requirements and no carry,” Robinhood CEO Vlad Tenev said in an interview at The Wall Street Journal’s Future of Everything conference last week. Daily liquidity means shares can be bought or sold any day the market is open, unlike traditional VC funds, where capital is locked up for years. No carry means Robinhood doesn’t take a percentage of investment profits, as conventional venture firms typically do.
Over the past few years, the most valuable AI startups have gone from early bets to companies worth tens or hundreds of billions of dollars, and almost all of that appreciation has happened in the private markets, out of reach for most investors.
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Tenev’s longer-term vision goes further still. “The aspiration is, if you’re a company raising a seed round and a Series A round — so, just first capital — retail should be a big chunk of that round, much like it now is in the public markets,” Tenev said at the conference. “And we should let those people in at the ground floor, so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets.”
If that vision takes hold, it could fundamentally change how startups raise their earliest capital, with retail investors eventually sitting alongside venture firms, including in the earliest rounds, where the biggest returns are often made, a whole lot of money is lost, as well.
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- Riding an AI rally, Robinhood preps second retail venture IPO
May 11, 2026 · techcrunch.com
Just two months after listing its first venture fund on the stock market, Robinhood is preparing to launch a second. The company has filed a confidential registration for RVII, a standard regulatory step that allows it to work through the approval process before making details public.
- Circle Internet Stock Rockets After Earnings. The Stablecoin Company Is Betting on AI.
May 11, 2026
Circle is the issuer of USDC, a so-called stablecoin whose value is pegged to the dollar and backed by reserves such as Treasuries.
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