Ark bucked the trend and increased its position on CoreWeave (CRWV.US) and reduced its holdings on Robinhood (HOOD.US)

According to Woofun AI, Ark Investment, led by Kathy Wood, completed a major position adjustment on Wednesday, substantially increasing AI infrastructure giant CoreWeave (CRWV.US) and simultaneously reducing Robinhood's (HOOD.US) holdings. This operation highlights the logic of reallocating institutional funds between technology growth stocks and crypto-related assets.

According to data compiled by Woofun AI, Ark purchased 143,673 CoreWeave shares through the ARK Innovation ETF (ARKK) and 70,916 shares through the ARK Next Generation Internet ETF (ARKW), adding a total of 214,589 shares.

Notably, CoreWeave is burdened with $2.6 billion in AI infrastructure loans. If a service failure occurs on three consecutive payment days and causes the customer to terminate the contract, it may trigger an early repayment mechanism and force the company to use collateral account funds. The loan term is about 5 years, while the average customer contract is only 3 years, so there is a risk of mismatch of terms.

On the same day, Ark sold 151,903 Robinhood shares through ARKK. Affected by rising US Treasury bond yields, the strengthening of the US dollar, and the Middle East conflict, market risk appetite cooled down, and Robinhood's stock price fell along with BTC.

Despite macro headwinds, Robinhood bought $25 million worth of BTC. Senior Vice President John Kelblat emphasized that the move was aimed at supporting the cryptocurrency ecosystem and was not a strategic shift.

Analysts remain optimistic about Robinhood's outlook. Barclays (BCS.US) analyst Benjamin Boudish maintained the 'oversized' rating, raising the price target from $105 to $132. Bank of America (BAC.US) maintained its' buy 'rating on Monday and raised its price target from $140 to $156.