Cathie Wood’s ARK Takes More Profits In Robinhood, Buys KTOS And FUTU Instead

• ARK sold 144,218 Robinhood shares from its flagship ARKK fund on Friday as the stock closed up 11.15% at $94.30, taking profit into the rally.
• The same day, ARK bought Kratos Defense across three funds while trimming Teradyne and a small Intercontinental Exchange stake.
• ARK still holds about 5.48 million HOOD shares worth roughly $465 million across three funds, sitting on large unrealized gains.

ARK Invest sold shares of Robinhood Markets (HOOD) on Friday even as the trading platform's stock soared, while adding to a defense-sector bet across several of its exchange-traded funds, according to the firm's daily trade disclosures.

ARK sold 144,218 Robinhood shares from its flagship ARK Innovation ETF (ARKK), representing about 0.19% of the fund. Robinhood closed up 11.15% at $94.30 on the day of the sale, indicating that Cathie Wood's firm was taking profit on the rally rather than adding to it.

HOOD stock was trading at $94, down 0.3% in the after-hours. On Stocktwits, retail sentiment around HOOD remained in the ‘bullish’ zone, while chatter stayed at ‘high’ levels over the past day.

Also on the same day, ARK bought shares of Kratos Defense & Security Solutions (KTOS) across three of its funds – ARKK, the ARK Autonomous Technology & Robotics ETF (ARKQ), and the ARK Space Exploration & Innovation ETF (ARKX), making the defense and drone maker the firm's most consistent buy of the session. ARK also sold Teradyne (TER) out of ARKQ and ARKX, as well as a small position in Intercontinental Exchange (ICE) from the ARK Fintech Innovation ETF (ARKF). 

ARKF had purchased Futu Holdings (FUTU) on Thursday, the day before, while selling Intercontinental Exchange Inc (ICE) and Kaspi.kz (KSPI) and another block of 14,544 shares of Robinhood, suggesting a multi-day trim of the fintech name.

Ark Invest Sold 63% Of HOOD And Then Bought More

ARK still has a sizable post-sale position in Robinhood. The firm had 5.48 million HOOD shares worth about $465 million in three funds as of May 29, according to ARK’s holdings files, or about 3.96 million in ARKK, 1.04 million in the ARK Next Generation Internet ETF, and 475,444 in the ARK Blockchain & Fintech Innovation ETF. 

While the disclosures don’t show a cost basis, with the stock now in the $94range and ARK having accumulated much of the position at far lower levels, the holding is sitting on substantial unrealized gains.

ARK has been a net seller of Robinhood across much of the stock's multi-year run, its total position fell from nearly 13 million shares at the end of 2024 to about 4.8 million by the end of 2025, a reduction of 63%, according to its SEC filings. It reversed course in the first quarter of 2026, however, lifting its stake by 24.9%, or roughly 1.2 million shares, to 6 million, per its 13F-HR filed May 12.

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