What smart money is saying about Robinhood Markets
HOOD · Financial Services · Financial - Capital Markets · Market cap $85.47B
6 funds in our archive have pitched Robinhood Markets, most recently Artisan Partners Global Opportunities Strategy in September 2026.
Company profile
Robinhood Markets, Inc. operates a financial services platform available to users throughout the United States. This platform empowers individuals to engage in a wide array of investments, encompassing common stocks, exchange-traded funds (ETFs), options contracts, gold, and various cryptocurrencies. Beyond its core trading functionalities, the company dedicates efforts to providing educational and informational resources. These include "Snacks," a concise daily summary of business news; "Learn," an extensive digital library offering guides, tutorials, and a comprehensive financial dictionary; and "Newsfeeds," which grants complimentary access to premium financial journalism from reputable sources like Barron's, Reuters, and The Wall Street Journal. Additionally, the platform supports users with tools such as customizable watchlists and alert systems for monitoring specific securities, ETFs, and digital assets. It also provides cash management services. For new customers, particularly those who have not yet made their initial investment, Robinhood offers personalized first trade recommendations. Robinhood Markets, Inc. was established in 2013 and maintains its principal operations from Menlo Park, California.
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Fund signal · last 12 months
14 lettersFunds are split between buying and selling
0
Net flow
4 buys · 3 new positions · 50%4 sells · 2 full exits
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 19 fund letters reported a position in Robinhood Markets, with 6 buys (opened or added) and 5 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 1 | 0 | 1 |
| Q2 2026 | 10 | 3 | 3 | 3 |
| Q1 2026 | 1 | 0 | 1 | 0 |
| Q3 2025 | 3 | 1 | 0 | 0 |
| Q2 2025 | 1 | 0 | 1 | 0 |
| Q1 2025 | 1 | 1 | 0 | 0 |
| Q4 2024 | 0 | 0 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 19 positions · 14 moves
- September 2026
“Among our top contributors in Q3 were Twist Bioscience, Cloudflare and Robinhood. Twist Bioscience is a life sciences company that leverages a proprietary silicon-based DNA writing platform across drug discovery, diagnostics and other applications. Revenue grew 23% year over year, exceeding expectations, driven by strength in DNA synthesis and protein solutions. Twist is also gaining traction in AI-enabled drug discovery, serving as an integrated lab partner for Amazon Bio Discovery and as an independent evaluator of Anthropic’s AI-designed protein binders. We believe these developments reinforce the company’s strong position in next-generation pharmaceutical research. We trimmed the position following strong share-price appreciation. Cloudflare operates a global cloud network providing security, performance and developer services to businesses. Its integrated platform allows the company to layer additional services onto its network as customer needs evolve. The company delivered a strong quarter, with revenue growth accelerating to 36% year over year and continued momentum across large customers. Traction in Cloudflare Workers, its serverless developer platform, also appears to be driving incremental demand for its security products, reinforcing the benefits of Cloudflare’s integrated platform. We expect the company to benefit from growing demand for cybersecurity and AI-enabled applications. Robinhood Markets operates a financial services platform offering brokerage, cash management and other investment products. Recent results exceeded expectations, with a record $22 billion of net new deposits and continued strong revenue growth. The company is also expanding across credit, prediction markets, banking and crypto, creating opportunities to deepen customer relationships and increase monetization. We expect Robinhood to continue gaining share in the retail wealth market as its predominantly younger customer base matures and accumulates assets. We added to the position during the recent pullback.”
Robinhood Markets - September 2026
“Robinhood Markets operates a financial services platform offering brokerage, cash management and other investment products. The company reported a record $22 billion of net new deposits and continued strong revenue growth. It is also expanding across credit, prediction markets, banking and crypto, creating opportunities to deepen customer relationships and increase monetization. We expect Robinhood to continue gaining share in the retail wealth market as its predominantly younger customer base matures and accumulates assets. We added to the position during the recent pullback.”
Robinhood Markets - September 2026
“We added to the position during the recent pullback.”
Robinhood Markets - June 2026
“Similarly, we are finding compelling profit cycle opportunities in targeted areas of financials, including Robinhood, Tradeweb and MSCI.”
Robinhood Markets - June 2026
“Financials contributed, led by Robinhood, which benefited from strong trading volumes across equities, options and prediction markets.”
Robinhood Markets - New positionArtisan Partners Global Opportunities FundJune 2026
“Portfolio Activity During the quarter, we initiated positions in GE Aerospace, Corning, STMicroelectronics and Robinhood.”
Robinhood Markets - New positionBrown Advisory Mid-Cap Growth StrategyJune 2026
“Robinhood Markets Inc (HOOD) has evolved from the pioneer of commission-free stock trading into a diversified financial platform with more than 27 million funded accounts. The global brokerage industry remains fragmented—a local incumbent dominates nearly every major market, and none has meaningfully crossed borders. With its technology-native, mobile-first platform and a rapid pace of new product introductions across active trading, cryptocurrency, futures, advisory services, and international markets, we believe Robinhood Markets has a credible opportunity to become the industry's first global leader while compounding revenue at attractive rates. We took advantage of a sharp spring pullback in the shares to initiate our position in the quarter.”
Robinhood Markets - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Robinhood Markets - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart. With Boston Scientific, Shopify and Mercadolibre discussed above, the quarter’s dealing totalled seventeen positions sold and seventeen initiated: unusually high turnover for this Fund, and a deliberate response to the concentration above.”
Robinhood Markets - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Robinhood Markets - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Robinhood Markets - HoldsManole Capital ManagementJune 2026
“Companies such as CME, Robinhood, Miami Exchange, and Schwab have all benefited directly or indirectly from growing interest in event driven trading, retail engagement and expanding market participation.”
Robinhood Markets - New positionJacob Funds Management CommentaryApril 2026
“The Jacob Internet Fund added four new positions in the quarter, Circle Internet Group, CrowdStrike, Reddit and Robinhood.”
Robinhood Markets - March 2026
“Robinhood Markets Inc. operates a financial services platform enabling users to invest in stocks, exchange-traded funds, American depository receipts, and cryptocurrency. In the latest results, core earnings were weaker due to lower net revenue, resulting in a -39% pullback. Management struck a constructive tone on the 2026 outlook and expects revenue growth to continue to exceed expense growth. We had trimmed back the position prior to Q4 earnings.”
Robinhood Markets - HoldsBaron FinTech FundSeptember 2025
“Robinhood Markets, Inc., a provider of commission-free trading and investing tools, contributed to performance. Shares rose due to higher customer engagement and new product launches. The company continues to gain share in a large and growing market, with customer assets of $304 billion as of August 31, up 112% from a year ago. Trading activity remains robust across equities, options, and cryptocurrencies. During the third quarter, Robinhood expanded its prediction market offering with over 2 billion contracts traded, doubling the total from last quarter. The company also announced new features, such as a social trading platform aimed at boosting user engagement. Robinhood’s young customer base and expanding feature set support multiple avenues for increasing revenue per user over time. We continue to own the stock due to its long-term earnings potential, driven by strong account growth, rising client assets, and rapid pace of innovation.”
Robinhood Markets - New positionRiverPark Next Century Large Growth FundSeptember 2025
“3Q Portfolio Activity • In technology, we are inline and we maintain significant exposure to the sector as growth fundamentals remain strong in many of the large index positions as well as in many other areas. • In consumer, we are underweight and continue to focus on companies we believe have long-term secular growth opportunities in online and offline retail, online streaming content, EVs, among others. • Overweight in industrials driven by companies with what we believe have secular growth drivers in areas such as aerospace, power generation and AI infrastructure buildout, among others. • The portfolio is overweight the financial sector. • The portfolio is underweight the health care sector. • We added 5 new positions in Q3: o two in technology: MongoDB, Oracle Corp o one each in health care (Insmed), industrials (GE Vernova), financials (Robinhood Markets)”
Robinhood Markets - September 2025
“Robinhood Markets Inc., a financial services platform provider, rose 53% during the quarter.”
Robinhood Markets - TrimmedSpringview CMJune 2025
“Spotlight: Robinhood Markets (HOOD) Robinhood has been the Partnership’s most profitable investment to date. We began accumulating shares in May 2024, driven by our belief that the company was innovating rapidly, gaining market share, and winning customer loyalty in a large and growing market. At the PATIENCE | CONCENTRATION | GROWTH 2Q 2025 4 time, the stock traded at a steep price-to-book discount compared to larger, slower-growing peers like Charles Schwab, Interactive Brokers, and Coinbase—an anomaly that astonished us. We attributed this discount to lingering stigma from Robinhood’s controversial role in the GameStop “meme stock” saga, during which the company faced a collateral shortfall that nearly upended the business. But that was then. We believed investors had failed to recognize the significant operational and financial progress the company had made. Where others saw a meme stock, we saw a founder-led business with a powerful brand, a sticky and expanding user base, ample excess capital, and strong execution. We began buying shares for just over $18, and our cost basis is under $20 per share. As of this writing, Robinhood trades around $106 per share. Business results have dramatically exceeded expectations this year. Since Q1 2024, assets under custody have grown +115%, and earnings in the first half of 2025 are up +109% year-over-year. These results reflect a combination of product innovation, international expansion, strategic acquisitions, and favorable tailwinds from strong equity and crypto markets. We remain mindful that Robinhood’s near-term performance is sensitive to investor sentiment and trading activity, especially in cryptocurrencies—so we’ve sized the position accordingly. As the share price rose sharply, we trimmed to keep the position in the 6–8% range.”
Robinhood Markets - New positionParnassus Mid Cap Growth FundMarch 2025
“Bought Robinhood Markets, Inc. HOOD Financials Robinhood is a fast-growing trading platform that allows ordinary investors to access trading at any time during the week. The company is expanding its product offerings and growing in international markets.”
Robinhood Markets
Also mentioned · 8
These funds discuss Robinhood Markets as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedManole Capital Management FINTECH StrategySeptember 2026
“And it isn't just these two newer exchanges. Robinhood made more money last quarter from prediction markets than it did from stock or crypto trading, illustrating just how quickly the category is moving into the financial mainstream.”
Robinhood Markets - September 2026
“Over the last few years, we have observed a number of stocks on multiple occasions with meaningful weight in the Russell Midcap® Value Index that bear little resemblance to the classic value businesses we have bought and sold over time. Recent examples include Robinhood Markets, Inc. (HOOD), Strategy Inc (MSTR) (formerly MicroStrategy Inc.), Coinbase Global, Inc. (COIN), Western Digital Corporation (WDC), and Sandisk Corporation (SNDK), among others.”
Robinhood Markets - MentionedJupiter UK Dynamic Equity FundJune 2026
“It is not just a CMC phenomenon – IG has been strong, as has Plus500, whilst Robinhood in the US continues to outperform.”
Robinhood Markets - MentionedTimesSquare U.S. Mid Cap GrowthJune 2026
“Robinhood Markets Inc. operates a financial services platform to allow users to invest in stocks, exchange-traded funds, and American depositary receipts.”
Robinhood Markets - MentionedEast 72 Dynasty TrustMarch 2026
“Further, the meme- stock boom of Q1 2021 accentuated the trend, notably with the US based Robinhood Markets, which introduced the concept of payment for order flow to a wider audience. TOTAL Robinhood Markets accounts (million) Source: Robinhood Markets Inc public filings compiled by East 72 Management P/L The trend is not exclusively US based, with the London based multi-national IG Markets, showing significant new account momentum over the same period; this is noteworthy as IG does not operate its normal ‘contracts for difference’ derivatives business in the USA: 0 5 10 15 20 25 30 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 NEW IG Markets accounts USED Source: IG Group PLC public filings compiled by East 72 Management P/L Whilst there was little doubt that account openings at Robinhood and IG were propelled to a degree by speculative fervour and an enhanced COVID atmosphere of using stimulus payments to try and make short term profits, this should not mask the real beneficiary of long term democratisation – Interactive Brokers - which has grown account numbers since 2016 (10 years) at a compound growth rate of 29.9% per annum.”
Robinhood Markets - MentionedManole CapitalDecember 2025
“Trading: The trading environment has undergone a significant transformation over the past several years. Free equity trading, fractional shares, and seamless mobile access have broadened investor participation and accelerated activity across major brokerage platforms. Trading volumes continue to rise at firms such as Schwab, Interactive Brokers, and Robinhood, and extended-hours access is becoming increasingly common.”
Robinhood Markets - MentionedManole Capital Management Investor NewsletterSeptember 2025
“stocks below $5 per share have represented 32% of total volumes, reflecting somewhat of another meme craze. Zero-day-to-expiration options are booming and have become a meaningful driver of Robinhood’s volumes.”
Robinhood Markets - MentionedKinsman OakJune 2025
Named in a table in Kinsman Oak’s letter.
Robinhood Markets
Fund coverage · 6 theses
- Artisan Partners Global Opportunities StrategySeptember 2026
Robinhood Markets is growing deposits and revenue while expanding into new products that can deepen relationships and increase monetization over time.
Read the full thesis Robinhood Markets has a long runway for growth through market share gains, deposit growth, and product विस्तार.
Read the full thesisRobinhood Markets Inc is a diversified financial platform with a technology-native, mobile-first model and a credible path to becoming a global brokerage leader.
Read the full thesis- Jacob Funds ManagementApril 2026
Robinhood is a consumer fintech platform whose expanding services and new initiatives could turn it into a broader financial super-app.
Read the full thesis - Clearbridge Growth StrategyDecember 2024
Robinhood Markets is an established disruptor in retail brokerage poised for growth due to reduced regulatory risks and shifting policies in the cryptocurrency space.
Read the full thesis - Artisan US Mid Cap Growth StrategyDecember 2024
Robinhood is emerging as the leading trading platform for millennials with rapid account growth and significant potential for product expansion and margin improvement.
Read the full thesis
Read every full thesis on Robinhood Markets
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