Cathie Wood Increases Robinhood Stake While Reducing Positions in AMD and Palantir
Cathie Wood's ARK Invest has continued to adjust its portfolio by increasing its stake in Robinhood (HOOD) while reducing holdings in Advanced Micro Devices (AMD) and Palantir Technologies (PLTR). On Tuesday, the firm added approximately $3.1 million worth of HOOD shares through its flagship ETF, ARKK. This move follows a pattern where ARK Invest has been steadily accumulating Robinhood stock over recent months. In contrast, Wood's fund is shedding positions in AMD and PLTR—two stocks that had previously seen significant growth but have faced volatility recently. The shift reflects ongoing portfolio reallocation as the firm navigates market conditions and sector performance changes.
Tickers: $AMD $ARKK $HOOD $PLTR