Grow Funds, an investment Advisor, released its Q1 2026 investor letter for “GROW Small Cap Equity Long/Short Fund”. A copy of the letter can be downloaded here. In Q1 2026, GROW Small Cap Equity Long/Short L.P (Fund) returned 4.18%, outperforming the Russell 2000 Growth Index’s –2.80%, HFRI Equity Hedge Index’s -0.24%, and the HFRI Fundamental Growth Index’s 0.47% returns. Long positions and hedges, and short positions, safeguarded the portfolio amid the volatility driven by the Iran War. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Grow Funds highlighted Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On June 22, 2026, Robinhood Markets, Inc. (NASDAQ:HOOD) closed at $105.71 per share. One-month return of Robinhood Markets, Inc. (NASDAQ:HOOD) was 42.68%, and its shares gained 28.90% over the past 52 weeks. Robinhood Markets, Inc. (NASDAQ:HOOD) has a market capitalization of $95.28 billion.
Grow Funds stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q1 2026 investor letter:
“Robinhood Markets, Inc. (NASDAQ:HOOD) is a stock brokerage platform that offers commission free trading of stocks, ETFs, options, and cryptocurrencies through a mobile-first platform designed to “democratize” finance. Its platform appeals to young, digitally native investors (Gen Z and Millennials). We shorted HOOD as it was the highest valued brokerage stock relative to peers. In addition, we felt that the “retail” investing crowd was stretched as evidenced by the decline in Bitcoin.”
Robinhood Markets, Inc. (NASDAQ:HOOD) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 84 hedge fund portfolios held Robinhood Markets, Inc. (NASDAQ:HOOD) at the end of the first quarter, up from 83 in the previous quarter. In Q1 2026, Robinhood Markets, Inc. (NASDAQ:HOOD) reported revenue of $1.1 billion, up 15% year-over-year. While we acknowledge the risk and potential of Robinhood Markets, Inc. (NASDAQ:HOOD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ROBINHOOD MARKETS, INC. (NASDAQ:HOOD) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Robinhood Markets, Inc. (NASDAQ:HOOD) and shared the list of stocks Jim Cramer Discussed. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
