Ashva Capital Management: “We See Robinhood Markets (HOOD) as a Trojan Horse in Retail Finance”

Ashva Capital Management, an investment management company, released its Q2 2025 investor letter. A copy of the letter can be downloaded here. Year-to-date (through June 30, 2025), the fund returned -1.55% compared to the S&P 500’s 5.5% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second quarter 2025 investor letter, Ashva Capital Management highlighted stocks such as Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform that allows users to invest in stocks,...