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ARK Invest Buys Pinterest After Earnings Slide, Trims Robinhood, Roku and Reddit

The daily trade report points to a tactical rebalancing that channels capital into Pinterest after a steep earnings-driven selloff.

Overview

  • ARK bought 521,867 Pinterest shares across ARKK, ARKW and ARKF after a roughly 22% post‑earnings drop.
  • Pinterest matched revenue estimates but missed EPS and issued softer guidance, which prompted the one‑day decline.
  • The funds sold 56,095 Robinhood shares, 105,576 Roku shares and 11,989 Reddit shares as part of the session’s adjustments.
  • Total disclosed sales outweighed purchases, signaling net trimming across ARK’s ETFs rather than new net investment.
  • Other moves included purchasing 33,823 Guardant Health shares and reducing positions in SoFi, Adaptive Biotechnologies, Incyte, Ionis, Rocket Lab and Futu.