Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made strategic portfolio moves on Wednesday, February 11, as revealed in daily fund disclosures. The ace hedge fund manager capitalized on the post-earnings dip in Robinhood Markets ($HOOD) and Shopify ($SHOP) shares, accumulating millions at a discount.
Wood also acquired shares of cryptocurrency companies Bullish ($BLSH) and Circle Internet ($CRCL) as these stocks remain pressured amid the ongoing crypto slump. Additionally, she bought shares of software company Figma ($FIG), leveraging the current dip in software stocks.
Most of these purchases were made across the ARK Innovation ETF ($ARKK), the ARK Next Generation Internet ETF ($ARKW), and the ARK Fintech Innovation Fund ($ARKF).
Here’s How Wood Allocated $74M in Stocks
Robinhood Markets – Wood acquired a total of 433,806 shares of this brokerage platform for $33.86 million. HOOD stock plunged 8.8% on February 11 after missing Q4 revenue estimates, though earnings of $0.66 beat the consensus.
Shopify – Wood added 150,421 shares of the Canadian e-commerce portal for $17.89 million. SHOP stock dropped 6.5% yesterday, despite beating sales and earnings expectations for Q4 and announcing a $2 billion share buyback plan.
Other Notable Purchases – ARK Invest bought 364,134 shares of crypto exchange Bullish for $11.60 million. Wood added 75,559 shares of the stablecoin company Circle Internet for $4.37 million, riding a 3.2% dip in its stock price. Wood also acquired 280,138 shares of Figma for $6.32 million, while its shares declined 6.4%.
Why Wood Is Optimistic on these Stocks
With crypto markets still recovering from 2025’s regulatory headwinds and software stocks facing AI-driven margin pressures, these buys signal confidence in long-term growth narratives despite short-term earnings misses, such as HOOD’s revenue shortfall offset by profitability beats.
Wood’s Strategic Portfolio Shuffle
Let’s see how these stocks perform using the TipRanks Stock Comparison Tool:
Currently, analysts have a “Strong Buy” consensus rating only on Robinhood Markets, with its average price target implying an impressive 74% upside over the next twelve months.
