Cathie Wood’s Bold Pivot: Why She’s Dumping Tesla and Loading Up on Robinhood

Cathie Wood's ARK Invest just made a seismic portfolio shift—selling Tesla and buying Robinhood. The move signals a strategic recalibration from a single iconic asset to a platform capturing the next wave of retail finance.

The Tesla Trade: A Strategic Trim

Wood isn't abandoning her long-term thesis on electric vehicles or autonomy. This looks like portfolio management 101: taking profits on a winner that's had a monumental run to reallocate capital into what she sees as the next asymmetric opportunity. It's classic ARK—hunting for disruptive growth, even if it means pivoting from a previous champion.

The Robinhood Bet: Banking on the Brokerage Revolution

So why Robinhood? Look beyond the meme-stock frenzy. The platform has become a gateway for a new generation of investors and, crucially, a major on-ramp for cryptocurrency trading. Wood's bet isn't just on stock commissions; it's on Robinhood morphing into a full-stack financial app for millennials and Gen Z—a cohort that trusts tech platforms more than traditional banks. Buying the pickaxe during a gold rush, with a cynical nod to the fact that facilitating trades is often more profitable than picking the winners yourself.

This isn't a story about losing faith in Elon Musk. It's a calculated wager that the infrastructure enabling mass-market participation in both crypto and equities—warts, regulatory battles, and all—might be the smarter play for explosive growth ahead.

TLDR

• ARK ETF sold 87,993 Tesla shares worth $39.3 million on December 12, 2025, continuing a week-long selling pattern
• ARK bought 108,557 Robinhood shares valued at $13.4 million, adding to recent purchases in the online brokerage
• Block received $6.2 million investment with ARK purchasing 97,406 shares, showing interest in fintech services
• ARK sold 55,461 Teradyne shares for $11.3 million, reducing holdings in the semiconductor testing company
• Other purchases included Deere & Co ($5.5 million) and L3Harris Technologies ($4.8 million) shares

Cathie Wood’s ARK ETF disclosed its trading activity for December 12, 2025, showing major changes in its portfolio holdings. The fund executed several large transactions across multiple sectors.

The largest sale involved Tesla stock, with ARK offloading 87,993 shares across its ARKK and ARKW funds. The transaction totaled $39,323,191 in value. This sale represents a continuation of Tesla stock sales that occurred throughout the previous week.

Tesla, Inc., TSLA

On the buying side, ARK purchased 108,557 shares of Robinhood Markets through its ARKK and ARKW ETFs. The purchase was valued at $13,393,762. The buy adds to multiple Robinhood purchases made by ARK in recent days.

Robinhood Markets, Inc., HOOD

ARK also acquired 97,406 shares of Block Inc for $6,195,995. The fintech company has been receiving increased attention from the fund. Block provides digital financial services and payment processing solutions.

The fund bought 11,489 shares of Deere & Co, spending $5,468,074 on the agricultural equipment manufacturer. ARK also purchased 16,547 shares of L3Harris Technologies for $4,796,313. L3Harris is a defense technology company.

Smaller purchases included 54,917 shares of Schrödinger Inc for $995,645. Schrödinger develops computational platforms for drug discovery. ARK bought 54,262 shares of Rubrik Inc valued at $4,725,134. Rubrik provides data security and management solutions.

Tesla Reduction Continues

The Tesla sale represents part of a larger pattern of reducing exposure to the electric vehicle maker. ARK has been selling Tesla shares consistently over multiple trading days. The fund distributed these sales across two of its ETFs.

Teradyne Holdings Cut

ARK Invest sold 55,461 shares of Teradyne Inc for $11,312,380. This continues a trend of reducing the fund’s position in the semiconductor testing equipment company. The sales suggest a strategic shift away from certain technology hardware sectors.

The fund also sold 21,094 shares of SoFi Technologies valued at $571,014. SoFi operates in the financial technology space. ARK offloaded 28,777 shares of Iridium Communications for $541,295. The satellite communications company has seen reduced interest from the fund.

ARK sold 10,155 shares of Ibotta Inc worth $224,425. Ibotta runs a mobile shopping rewards platform. The sales represent ARK’s ongoing portfolio rebalancing efforts.

The December 12 trades show ARK moving capital from electric vehicles and some technology sectors into fintech and digital financial services. The fund bought shares in Robinhood and Block while reducing Tesla holdings. ARK also added positions in defense technology and agricultural equipment through L3Harris and Deere purchases.