Cathie Wood of Ark Investment Management buys and sells tech stocks quickly, recently selling shares of a popular tech stock just days after buying in. Her funds have seen volatile swings this year, but as of Aug. 25, the flagship Ark Innovation ETF is up 31.7% year-to-date, outperforming the S&P 500.

Wood’s investment strategy focuses on emerging high-tech companies in fields like AI, blockchain, and robotics, which can lead to major fluctuations in Ark funds’ values. Despite experiencing losses in recent years, Wood remains bullish on tech stocks and dismisses predictions of a recession dragging into 2026.

On Aug. 21, Wood’s ARK Fintech Innovation ETF sold shares of Robinhood Markets Inc. worth roughly $1.6 million. Robinhood, an online brokerage that went public in 2021, reported strong second-quarter earnings, with revenue exceeding expectations. Several analysts have raised price targets for Robinhood stock following the earnings report.

Bernstein raised its price target on Robinhood to $160 and reiterated an outperform rating, citing the Trump administration’s push for the U.S. to become a global crypto hub. The firm believes Robinhood’s diversified model offers crypto upside with less volatility than pure-play exchanges. Robinhood stocks were trading at around $108 on Aug. 25, up 191% year-to-date. Cathie Wood’s Ark Invest held Robinhood as its fourth-largest position at the end of Q2, with 7.8 million shares valued at $729 million. Wood reduced the stake by 2.46 million shares, a 24% cut, but it still accounts for 5.34% of the portfolio.

Source: TheStreet, Aug 26, 2025.

Read more at Yahoo Finance: Cathie Wood sells $1.6 million of popular meme stock