$HOOD
robinhood4/10Does he own it?
Explicit Feb 7 portfolio breakdown lists 5% HOOD under digital-asset exposure (first-person weight). He also cites buying it "in the 10s" as a past win. Undercut: after Feb earnings he turns persistently critical, repeatedly tells retail to switch to IBKR, suggesting he likely trimmed or exited later.
His thesis
Early stance: HOOD a solid long after a selloff from ~$140 to ~$100, with new product revenue (banking, crypto, prediction markets) cross-selling its captured retail base. After Q4/Q1 earnings he flips bearish: revenue deceleration (~27% Y/Y), ballooning forward P/E, growth partly bought via acquisition rather than organic. Key complaint repeated for months: failure to add international equities, ceding retail to IBKR; criticism of prediction markets, raffles and crypto-coin listings as bad strategy.
How his view evolved
Started bullish ("buy" / good dip), held a 5% position, then turned clearly negative after Feb earnings — calling the bull cycle over and repeatedly urging investors to move to IBKR through April-May.
Key points
- Disclosed 5% HOOD weight in Feb 7 portfolio plus bought it cheap historically
- Flipped bearish post-earnings on revenue deceleration and valuation
- Recurring gripe: no international equities, losing retail to IBKR
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $HOOD on X ↗