Top 5 Stock Picks of Joshua Kushner’s Thrive Capital

2. Robinhood Markets, Inc. (NASDAQ:HOOD)

Thrive Capital’s Stake Value:  $275,752,000

Percentage of Thrive Capital’s 13F Portfolio: 25.81%

Number of Hedge Fund Holders: 19

Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform based in the United States. The platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. Thrive Capital added Robinhood Markets, Inc. (NASDAQ:HOOD) to its Q1 portfolio by buying 20.4 million shares worth $275.7 million, representing 25.81% of the total holdings.

According to Insider Monkey’s data, 19 hedge funds were long Robinhood Markets, Inc. (NASDAQ:HOOD) at the end of March 2022, down from 24 funds in the preceding quarter. Catherine Wood’s ARK Investment Management is the leading stakeholder of the company, with roughly 33.5 million shares worth $337.5 million.