Cathie Wood’s ARK Invest loaded up on the biggest bag of 2026.
Wood has been accumulating crypto-related stocks for several years, but her 2026 buying activity only began toward the end of January.
Oddly enough, her largest single-day purchase of 2026 is Robinhood Markets (NASDAQ: HOOD), a stock that has fallen roughly 31% year-to-date.
Much of the decline has been attributed to investor disappointment following its latest earnings report. HOOD closed at $78.07 on Feb. 11, sliding 8.69% in a single session.
Related: Cathie Wood’s Ark Invest praises Robinhood’s foray into prediction markets
Wood scooped up HOOD shares in early February, buying roughly $50 million worth of shares across multiple sessions
Trade disclosures from ARK’s flagship ARK Innovation ETF (ARKK) show the fund purchased $23.8 million in HOOD shares on Feb. 11, its single largest transaction of 2026.
The buy followed additional acquisitions of $21.7 million on Feb. 2 and $5.2 million on Feb. 3, bringing ARKK’s total February allocation to approximately $50.7 million.
The Feb. 11 purchase represented 10.63% of ARKK’s position in HOOD added in a single day, according to ARK’s trade breakdown.
Robinhood now ranks among the top 10 holdings across ARK funds and sits as the No. 9 holding in ARKK, with a portfolio weight of roughly 3%.
The buying was not limited to ARKK. Other ARK funds, including ARKW and ARKF, also added HOOD shares during the same period, reinforcing the view that Wood sees the pullback as an opportunity rather than a warning sign.
ARK’s aggressive positioning contrasts with its recent trimming of other crypto-exposed names. In the same week, ARK reduced holdings in Coinbase (NASDAQ: COIN) across multiple ETFs, selling more than $20 million worth of shares.
Robinhood’s fourth-quarter results were stronger than the stock’s recent performance might suggest.
The company reported diluted earnings per share of $0.66 for the fourth quarter of 2025, beating analyst expectations, while total net revenue climbed 27% year-over-year to $1.28 billion.
Transaction-based revenue increased 15% to $776 million. However, the crypto segment showed clear signs of cooling.
Crypto transaction revenue fell 38% to $221 million, as digital asset trading activity slowed sharply.
Total crypto notional volumes came in at $82 billion, including $48 billion from Bitstamp and $34 billion from the Robinhood app, representing a 52% year-over-year decline.
Net income for the quarter reached $605 million, compared with $916 million in Q4 2024, while adjusted EBITDA rose 24% year-over-year to $761 million, indicating operational resilience despite weaker crypto flows.
On a full-year basis, Robinhood generated $4.5 billion in revenue in 2025, with $1.9 billion in net income and diluted EPS of $2.05, underscoring that the business remains profitable even in a softer trading environment.
Importantly, subscription revenue continued to strengthen. Robinhood Gold subscribers increased 58% year-over-year to 4.2 million.
Wall Street analysts remain broadly constructive on HOOD.
The consensus price target stands at $122.81 based on 28 analysts, implying significant upside from current levels. The most bullish forecast is $180, while the lowest sits at $47.
Recent updates from Cantor Fitzgerald, KeyBanc and Truist Securities placed average targets around $130.
Truist lowered its price target from $155 to $130 while maintaining an Overweight rating, and KeyBanc cut its target from $160 to $130 while reiterating a Buy rating. Wolfe Research upgraded the stock to Outperform with a $125 target.
FactSet estimates ahead of the earnings release projected a 38% year-over-year decline in EPS to $0.63, while revenue was expected to increase nearly 34% to $1.36 billion. Analysts had anticipated crypto revenue to fall roughly 28% to $259 million.
Across ARK’s ETFs, the portfolio remains heavily concentrated in high-conviction innovation names:
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Tesla (TSLA) — $1.1B (10.11%)
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AMD (AMD) — $461.8M (4.26%)
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CRISPR Therapeutics (CRSP) — $453.8M (4.19%)
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Tempus (TEM) — $438.3M (4.04%)
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Teradyne (TER) — $430.0M (3.97%)
Robinhood now ranks #9 overall, with a $328.5M position and a 3.03% portfolio weight.
Direct crypto and crypto-linked exposure includes:
• Coinbase (COIN): $280.6M (2.59%)
• Circle (CRCL): $206.9M (1.91%)
• Bullish (BLSH): $168.4M (1.55%)
• Bitmine (BMNR): $156.6M (1.44%)
• ARK Bitcoin Holding (ARKB): $99.2M (0.92%)
For comparison, Tesla alone outweighs ARK’s entire direct crypto allocation.
Related: Cathie Wood predicts 2026 revised outlook
This story was originally published by TheStreet on Feb 12, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.