Cathie Wood's Ark Invest Purchases $14.2M of Robinhood Stock, Buys Deere Shares

Cathie Wood's Ark Invest acquired $14.2 million worth of Robinhood stock, while also purchasing Deere & Co. shares valued at $5.04 million. Ark Invest also made notable trades in GeneDx Holdings Corp, CRISPR Therapeutics AG, Beam Therapeutics Inc, Intellia Therapeutics Inc, and Twist Bioscience Corp. Robinhood's customer base reached 26.7 million in July, and CEO Vlad Tenev has formed an "Apocalypse Squad" to strategically rebuild the company in case of a disaster.

Cathie Wood's Ark Invest made significant moves in the stock market on Thursday, August 14, 2025, with notable acquisitions in Deere & Co., Block Inc., and Robinhood Markets Inc. These trades underscore Ark Invest's commitment to investing in innovative and growth-oriented companies. Here's a breakdown of the key acquisitions:

1. Deere & Co. (DE)
Ark Invest's ARKK ETF bought 64,789 shares of Deere & Co. (NYSE:DE) at a total value of $33.27 million, despite a 6.76% drop in the company's stock price, which closed at $478.84. This move comes despite Deere's mixed third-quarter results, which revealed a 9% sales decline to $12.02 billion, though earnings per share surpassed expectations at $4.75. The agricultural equipment giant is facing challenges such as tariffs and reduced customer demand, leading to a downward revision of its full-year profit forecast [1].

2. Block Inc. (XYZ)
The ARK Next Generation Internet ETF ARKW purchased 86,706 shares of Block Inc. (NYSE:XYZ) for approximately $6.6 million. This acquisition follows Block's announcement of a $1.5 billion debt offering, which sent its shares higher earlier in the week. The fintech firm, led by CEO Jack Dorsey, has also raised its full-year profit guidance to $10.17 billion, attributing its optimistic outlook to advancements in artificial intelligence [2].

3. Robinhood Markets Inc. (HOOD)
Ark Invest’s ARKK fund acquired 87,681 shares of Robinhood Markets Inc. (NASDAQ:HOOD) for approximately $9.7 million. This purchase was made at a closing price of $110.71 per share. Robinhood has been in the spotlight due to its impressive growth in user base and platform assets. In July, the company reported a 7% increase in total platform assets, reaching $298 billion. Despite a recent dip in stock prices, attributed to insider sales of $180 million worth of shares, Robinhood's stock has seen a remarkable 176% increase year-to-date. The company’s strong performance in the second quarter and its plans for cryptocurrency and tokenization have fueled investor optimism [2].

Additionally, Ark Invest made notable trades in other companies:

- GeneDx Holdings Corp (GDX)
- CRISPR Therapeutics AG (CRSP)
- Beam Therapeutics Inc (BEAM)
- Intellia Therapeutics Inc (INTIA)
- Twist Bioscience Corp (TWST)

These trades reflect Ark Invest's commitment to investing in innovative and growth-oriented companies. Investors and market watchers will be keen to see how these positions develop in the context of Ark’s broader portfolio strategy.

References:
[1] https://www.investing.com/news/company-news/cathie-woods-ark-etfs-make-major-buys-in-deere--co-exact-sciences-stock-93CH-4194371
[2] https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/47145329/cathie-woods-thursday-bet-ark-just-bought-31-million-worth-of-falling-deere-stock-also-loads-up-on-block-robinhood-shares