Cathie Woods buys $13.4 million of tumbling tech stock

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Robinhood (HOOD) stock is sagging, but Cathie Wood treated the weakness like a two-day buy-the-dip event.

On Dec. 11, ARK picked up 124,427 Robinhood shares worth nearly $16.9 million. Then on Dec. 12, it doubled down, adding another 108,557 shares valued at $13.4 million.

Collectively, that’s a sizeable $30 million in fresh buying in 48 hours for a tech giant that’s under considerable duress.

For a little color, the crypto-exposed tech stock has shed 11% of its value over the past month and 14% in the past week alone. Year-to-date, though, the stock’s still clocking a mighty impressive 217% gain.

The recent sluggishness at Robinhood is linked to the decline in trading volumes and assets under custody in November, indicating a significant drop in user activity.

Hence, it may seem counterintuitive, but Wood’s conviction has never been tied to short-term sentiment.

Her enthusiasm for Robinhood stock stems from its powerful role as a major disruptor in the finance industry.

She views it as a temporary setback in an otherwise fruitful long-term growth trajectory for the fintech giant.

Cathie Wood snaps up sliding Robinhood shares.Photo by Bloomberg on Getty Images

Wood injected over $30 million in fresh capital into Robinhood in just a couple of days, even as most investors remain on the sidelines.

It appears the Robinhood binge was part of her broader push into digital rails, software, and automation, areas that could redefine the next leg of expansion.

More Tech Stocks:

That said, here are stocks she scooped on Friday, Dec. 12, that fit this description perfectly:

Block: 97,406 shares ($6.2 million)
Deere & Co.: 11,489 shares ($5.5 million)
L3Harris: 16,547 shares ($4.8 million)
Rubrik: 54,262 shares ($4.7 million)
Schrodinger: 54,917 shares ($1 million)

Robinhood stock’s slumping of late, but its fundamentals tell a very different story.

The company recently posted record Q3 sales of $1.27 billion, up 100% year over year, backed by a sweet $556 million in net income, marking its most impressive quarters ever.

CEO Vlad Tenev called it “record business results in Q3,” touting products like 24/7 Prediction Markets, Robinhood Banking, and a partnership with Bitstamp, growing its crypto reach.

Q3 2025: EPS $0.61(beat by $0.07), revenue $1.27 billion(beat by $58.86 million, +100% year over year).
Q2 2025: EPS $0.42(beat by $0.11), revenue $989 million(beat by $75.67 million, +45.01% YoY).
Q1 2025: EPS $0.37(beat by $0.04), revenue $927 million(beat by $9.84 million, +50% YoY).
Q4 2024: EPS $1.01(beat by $0.56), revenue $1.01 billion(beat by $62.21 million, +115.29% YoY).

However, after a massive October trading surge, November hit the brakes.

Equity volumes dropped 37%.
Options volumes decreased by 28%.
Crypto markets tanked 12%.
Assets under custody decreased by 5% to $325 billion.

These numbers clearly spooked investors, causing HOOD stock to crater.

Nevertheless, Robinhood was still able to log $7.1 billion in net deposits (up 27%), with interest income remaining healthy.

It will be interesting to see how the recent slump impacts Robinhood’s upcoming earnings expected on February 11, 2026.

Wood’s conviction in Robinhood has everything to do with her views on it being a foundational disruptor in modern finance.

The company’s mission statement is to “democratize finance for all,” which fits perfectly into ARK’s worldview of platforms dismantling legacy models.

By being a trailblazer in commission-free trading and delivering it through a sleek mobile app, Robinhood compelled an entire industry to drop fees while bringing a swath of first-time investors into play.

Crypto is an even bigger piece of the pie.

Robinhood has quickly become a top on-ramp for retail crypto, aligning perfectly with Wood’s belief that Bitcoin could storm into seven-figure territory.

ARK sees Robinhood transitioning into a “digital wallet” ecosystem, layering brokerage, crypto trading, cash management, and retirement accounts.

For perspective, ARK estimates this market could exceed $600 billion as younger generations inherit wealth.

Wood’s biggest Friday move on the sell side came from Tesla, where ARK dropped another 87,993 shares across ARKK and ARKW, a massive $39.3 million cut.

The move extends a steady, months-long reduction at the EV giant.

It also comes at a challenging time for Tesla’s EV business, which has continued to disappoint.

U.S. sales dropped 23% in November, Reuters reported, down to 39,800 vehicles from 51,513 a year earlier, the EV player’s weakest month in almost four years. Even price cuts on top models weren’t enough to boost demand.

The repositioning didn’t stop there.

ARK trimmed its exposure to SoFi, reducing its stake by 21,094 shares worth nearly $0.6 million, scaling back its position in Teradyne, shedding 55,461 shares for almost $11.3 million.

This story was originally published by TheStreet on Dec 14, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.