Cathie Wood's Thursday Trades: ARK Invest Buys $31M in Deere, Loads Up on Block and Robinhood

Cathie Wood's ARK Invest made significant trades on Thursday, buying $31 million worth of Deere stock despite a 6.76% drop. The fund also loaded up on Block and Robinhood shares, acquiring 86,706 and 87,681 shares, respectively. These trades follow Deere's mixed third-quarter results and Block's announcement of a $1.5 billion debt offering.

ARK Invest, led by Cathie Wood, made significant trades on Thursday, August 14, 2025, with notable acquisitions in Deere & Co., Block Inc., and Robinhood Markets Inc. These purchases underscore ARK's investment strategy focusing on disruptive innovation and growth potential.

ARKK ETF, ARK Invest's flagship fund, bought 64,789 shares of Deere & Co. (NYSE:DE) at a total value of $33.27 million. This move comes despite a 6.76% drop in the company's stock price, which closed at $478.84. Deere & Co. reported mixed third-quarter results, with a 9% sales decline to $12.02 billion but earnings per share exceeding 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].

ARKW ETF, ARK's Next Generation Internet ETF, 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. Notably, Bitcoin tumbled 3.92% on Thursday to $118,704.48, falling 4.6% from its all-time high of $124,457.12 set earlier that same day [2].

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].

These trades reflect ARK'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