Cathie Wood's major portfolio adjustment: sold $31 million worth of Airbnb, increased holdings in Robinhood and Shopify by over $27 million

On February 13, Cathie Wood’s ARK Invest made significant adjustments to its portfolio. Amid a decline in stock prices following earnings reports from multiple tech companies, ARK decisively increased its holdings while reducing some assets in traditional and online entertainment sectors. Market interpretation sees this move as another example of “buying the dip to position for growth stocks.”

Data shows that after Robinhood Markets reported quarterly earnings below expectations and its stock dropped 8.79% in a single day, ARK purchased approximately 13.6 million dollars worth of 174,677 shares of the company. At the same time, following Shopify’s 6.78% post-earnings decline, ARK invested about 13.5 million dollars to buy 114,020 shares. These two transactions totaled over 27 million dollars, demonstrating confidence in the long-term prospects of fintech and e-commerce.

Additionally, ARK increased its stake in health tech company Tempus AI by 11.3 million dollars for 210,301 shares; after Roblox fell 8.46%, ARK invested 9.3 million dollars to buy 134,595 shares; and it purchased 156,974 shares of Toast for 4.4 million dollars. Genius Sports also received an approximately 3.2 million dollar increase.

On the sell side, ARK sold 259,652 shares of its largest holding, Airbnb, realizing about 31 million dollars—marking the second consecutive day of reducing this position. The firm also sold 17.9 million dollars worth of DraftKings stock, 4.1 million dollars of Pinterest, 4.5 million dollars of Teradyne, and 5.8 million dollars of MercadoLibre.

ARK stated that reducing holdings in travel, gambling, and some social media assets was aimed at reallocating funds to increase positions in fintech, e-commerce, healthcare technology, and gaming platforms. Currently, analysts generally rate Robinhood as a “strong buy,” with some target prices indicating over 90% upside potential in the next year, supporting Cathie Wood’s continued accumulation strategy.

This rebalancing again reflects ARK’s active approach during market volatility, seeking high-growth targets.