--- title: "Cathie Wood Sells Robinhood Stock, Doubles Down On This George Soros-Backed AI Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/289408244.md" description: "On June 10, 2026, Ark Invest sold $7.8 million in Robinhood shares while purchasing approximately $819,000 worth of Kodiak AI stock. This move contrasts with Robinhood's recent positive performance driven by strong fundamentals, against Kodiak AI's growing attention following its George Soros-backed merger. Additionally, ARK funds reduced positions in Veracyte, Iridium Communications, Cerus Corp, and Pacific Biosciences." datetime: "2026-06-11T02:43:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289408244.md) - [en](https://longbridge.com/en/news/289408244.md) - [zh-HK](https://longbridge.com/zh-HK/news/289408244.md) --- # Cathie Wood Sells Robinhood Stock, Doubles Down On This George Soros-Backed AI Stock On Wednesday. **Cathie Wood**\-led Ark Invest made significant trades involving **Robinhood Markets Inc** (NASDAQ:HOOD) and **Kodiak AI Inc** (NGM: KDK). ## The Robinhood Trade Ark Invest’s flagship fund, **ARK Innovation ETF** (BATS:ARKK), executed a notable sale of 89,915 Robinhood shares on Wednesday. The sale, valued at approximately $7.8 million, comes amid Robinhood’s recent positive performance. Robinhood’s stock has been on the rise following its May trading update, which highlighted a significant increase in average daily trading volume and net deposits. The platform now boasts 27.7 million funded accounts and $377 billion in assets, marking a 48% year-over-year growth. Despite mixed market trends, Robinhood’s gains appear to be driven by these strong company fundamentals, with the firm recently receiving approval as an IPO underwriter. **Read Also: Michael Saylor's Strategy To Go Bankrupt This Year? Crypto Punters Aren't Betting On That Outcome Despite Bitcoin Sale** ## The Kodiak AI Trade In a contrasting move, the **ARK Autonomous Technology & Robotics ETF** (BATS:ARKQ) fund acquired 141,502 shares of Kodiak AI, amounting to a purchase worth approximately $819,296. The **George Soros**\-backed Kodiak AI, known for its autonomous vehicle technology, has been gaining attention after it went public through its merger with **Ares Acquisition Corporation II**. This merger, backed by **George Soros**, has fueled investor interest. On Monday, Ark acquired 34,731 shares of Kodiak AI. That trade was estimated at $223,667. ## **Other Key Trades** - Sold 143,385 shares of **Veracyte Inc** (VCYT) from **ARKK.** - Sold 126,381 shares of **Iridium Communications Inc** (IRDM) from **ARKQ** and 60,339 shares from **ARKX.** - Sold 152,004 shares of **Cerus Corp** (CERS) from **ARKK**. - Sold 224,182 shares of **Pacific Biosciences of California Inc** (PACB) from **ARKK**. **Benzinga Edge Stock Rankings** indicate Robinhood stock has a Momentum score in the 20th percentile and a Value score in the 16th percentile. **Read Also: Oracle, POP Culture, Honeywell, Navan And Caterpillar: Why These 5 Stocks Are On Investors' Radars Today** **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo Courtesy: PJ McDonnell on Shutterstock.com_ ### Related Stocks - [CERS.US](https://longbridge.com/en/quote/CERS.US.md) - [PACB.US](https://longbridge.com/en/quote/PACB.US.md) - [KDK.US](https://longbridge.com/en/quote/KDK.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [VCYT.US](https://longbridge.com/en/quote/VCYT.US.md) - [IRDM.US](https://longbridge.com/en/quote/IRDM.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKQ.US](https://longbridge.com/en/quote/ARKQ.US.md) - [AACT.US](https://longbridge.com/en/quote/AACT.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [CPOP.US](https://longbridge.com/en/quote/CPOP.US.md) - [HON.US](https://longbridge.com/en/quote/HON.US.md) - [NAVN.US](https://longbridge.com/en/quote/NAVN.US.md) - [CAT.US](https://longbridge.com/en/quote/CAT.US.md) - [KDKRW.US](https://longbridge.com/en/quote/KDKRW.US.md) - [AACT.U.US](https://longbridge.com/en/quote/AACT.U.US.md) - [AACT+.US](https://longbridge.com/en/quote/AACT+.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) - [HONIV.US](https://longbridge.com/en/quote/HONIV.US.md) ## Related News & Research - [Robinhood’s AI Trading Agents Have Over 100,000 Users— but CEO Vlad Tenev Admits the Models Sometimes ‘Fights You’ When Asked to Trade](https://longbridge.com/en/news/294317118.md) - [HOOD Q2 Earnings Countdown: What Awaits Vlad Tenev-Led Fintech Firm After Robinhood Chain's Successful Launch](https://longbridge.com/en/news/294037658.md) - [Major Move: Key Robinhood Shareholder Reshapes Its Stake in Ventures Fund I](https://longbridge.com/en/news/294138512.md) - [Robinhood Q2 Preview: Prediction Markets, Meme Coins & Trump Accounts Could Power Earnings](https://longbridge.com/en/news/294108411.md) - [Robinhood CEO Vlad Tenev provides update on X account hack](https://longbridge.com/en/news/294231927.md)