Following Cathie Wood: Rotating within the fintech sector—adding to FUTU, selling HOOD, KSPI, and ICE
Compared to her aggressive stance of broadly buying AI and computing infrastructure stocks on May 27, Cathie Wood demonstrated a completely different trading logic on May 28:She rotated capital into the fintech and brokerage/exchange sectors.
According to the latest trading data published on ARK’s official website, Cathie Wood bought shares in the securities trading and wealth management fintech company $Futu Holdings Ltd (FUTU.US)$ , and sold $Robinhood (HOOD.US)$ 、 $Kaspi.kz (KSPI.US)$ 、 $Intercontinental Exchange (ICE.US)$ 。
![Compared to her aggressive stance on May 27 of broadly buying AI and computing infrastructure stocks, Cathie Wood adopted a distinctly different trading strategy on May 28:She rotated capital within the fintech and brokerage/exchange sector. According to ARK’s latest trading data published on its official website, Cathie Wood bought shares of the securities trading and wealth management fintech company $Futu Holdings Ltd (FUTU.US)$ , and sold $Robinhood (HOOD.US)$ 、 $Kaspi.kz (KSPI.US)$ 、 $Intercontinental Exchange (ICE.US)$ 。 Buy-side: Increased position by $Futu Holdings Ltd (FUTU.US)$19,400 shares.Futu recently released its Q1 2026 earnings, reporting total revenue of HK$5.9 billion (approximately USD 750 million), a 25% year-over-year increase. Net profit declined slightly in the short term; under non-GAAP measures, net profit was HK$920 million (approximately USD 120 million). This non-GAAP net profit already incorporates the impact of subsequent events (the China Securities Regulatory Commission [CSRC] intends to confiscate approximately RMB 4.7 billion in illegal gains from Futu’s mainland China operations and impose a fine of approximately RMB 13.8 billion, totaling approximately RMB 18.5 billion). Prior to incorporating this impact, non-GAAP net profit stood at HK$3.01 billion, up 35.8% year-over-year. As of the end of Q1, mainland China-based clients with assets accounted for approximately 13% of Futu’s total client base and approximately 17% of total client assets, impacting...](https://nnqimage.futunn.com/sns_client_feed/948888/20260529/web-1780041726584-kgjyXYmXmL.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Buy-side:
Increased position by $Futu Holdings Ltd (FUTU.US)$19,400 shares.Futu recently released its Q1 2026 earnings, reporting total revenue of HK$5.9 billion (approximately USD 750 million), up 25% year-over-year; net profit for the quarter declined slightly. Under non-GAAP measures, net profit was HK$920 million (approximately USD 120 million), which already includes the impact of subsequent events (the China Securities Regulatory Commission [CSRC] intends to confiscate approximately RMB 4.7 billion in illicit gains from Futu's mainland China operations and impose an additional fine of approximately RMB 13.8 billion, totaling around RMB 18.5 billion). Excluding this impact, non-GAAP net profit would have been HK$30.1 billion, representing a 35.8% year-over-year increase.
As of the end of Q1, mainland China-based clients with assets accounted for approximately 13% of Futu’s total client base, contributed about 17% of client assets, and represented roughly 20% of revenue. Additionally, as of May 28, Futu has cumulatively repurchased approximately USD 418 million worth of shares.
Sell side:
Reduce holdings $Robinhood (HOOD.US)$14,500 shares.Robinhood recently announced its Q1 earnings, reporting revenue of USD 1.07 billion, slightly below the market expectation of USD 1.14 billion, with cryptocurrency trading volumes showing signs of weakness. Additionally, company co-founder Baiju Bhatt recently sold shares worth approximately USD 5 million.
Reduce holdings $Kaspi.kz (KSPI.US)$12,300 shares.Kaspi.kz is a leading fintech company in Kazakhstan, with businesses spanning payments, e-commerce, and financial services. The company recently reported strong Q1 results, with revenue exceeding market expectations. Given this solid performance, ARK’s recent selling appears more like profit-taking to free up capital for other investment opportunities with higher upside potential.
Reduce holdings $Intercontinental Exchange (ICE.US)$5,531 shares.Intercontinental Exchange recently announced a partnership with crypto exchange OKX to launch perpetual oil futures contracts and also plans to introduce GPU computing power-related futures products. However, ICE’s stock price has already pulled back by approximately 20% from its 52-week high, indicating some near-term market correction pressure.
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![Compared to her aggressive stance on May 27 of broadly buying AI and computing infrastructure stocks, Cathie Wood adopted a distinctly different trading strategy on May 28:She rotated capital within the fintech and brokerage/exchange sector. According to ARK’s latest trading data published on its official website, Cathie Wood bought shares of the securities trading and wealth management fintech company $Futu Holdings Ltd (FUTU.US)$ , and sold $Robinhood (HOOD.US)$ 、 $Kaspi.kz (KSPI.US)$ 、 $Intercontinental Exchange (ICE.US)$ 。 Buy-side: Increased position by $Futu Holdings Ltd (FUTU.US)$19,400 shares.Futu recently released its Q1 2026 earnings, reporting total revenue of HK$5.9 billion (approximately USD 750 million), a 25% year-over-year increase. Net profit declined slightly in the short term; under non-GAAP measures, net profit was HK$920 million (approximately USD 120 million). This non-GAAP net profit already incorporates the impact of subsequent events (the China Securities Regulatory Commission [CSRC] intends to confiscate approximately RMB 4.7 billion in illegal gains from Futu’s mainland China operations and impose a fine of approximately RMB 13.8 billion, totaling approximately RMB 18.5 billion). Prior to incorporating this impact, non-GAAP net profit stood at HK$3.01 billion, up 35.8% year-over-year. As of the end of Q1, mainland China-based clients with assets accounted for approximately 13% of Futu’s total client base and approximately 17% of total client assets, impacting...](https://nnqimage.futunn.com/sns_client_feed/948888/20260529/web-1780041660047-QfKbtgpshj.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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