Robinhood Markets, Inc. (NASDAQ: HOOD), the popular commission-free trading platform, is a publicly traded company, meaning its ownership is distributed among a wide range of institutional investors, retail shareholders, and company insiders.

Ownership Structure

Robinhood employs a dual-class share system, where Class B shares held primarily by co-founders give them enhanced voting power despite not representing the majority of economic ownership. Institutional investors dominate, holding over two-thirds (around 65-93%) of outstanding shares as of late 2025 data, reflecting strong Wall Street confidence in its growth amid crypto trading booms and retail investor surges.

Public companies, retail investors, and insiders make up the rest, with retail ownership around 7-31% depending on the quarter.

Top Shareholders

Here's a breakdown of the largest holders based on recent filings (as of mid- to-late 2025; note ownership can shift with market activity):

Rank Holder % Ownership Shares Held Value (USD, approx.)
1 Vanguard Group 10.5-11% 94M+ $12.8B
2 BlackRock 6.2% 55.7M $7.6B
3 FMR LLC (Fidelity) 3.4% 30.2M $4.1B
4 Index Ventures 3.2% 28.6M $3.9B
5 Vlad Tenev (Co- founder/CEO) ~6% (combined insiders) Varies Significant voting control
[5][3][1] Co- founders **Vladimir Tenev** (CEO and Chairman) and **Baiju Bhatt** retain key influence through Class B shares, even as Bhatt has trimmed his stake recently— a move sparking forum chatter about long-term vision.

Trending Context

  • 2025-2026 Buzz : Robinhood's stock soared ~400% from mid-2024 to late 2025, fueled by meme stock revivals, 24/7 trading launches, and crypto expansions—drawing more institutional bets from Vanguard/BlackRock.
  • Forum Takes : On Reddit/StockTwits, users speculate founders' voting power shields against activist pressure, but some worry dilution from future raises. "Vanguard owns everything these days" is a common quip.
  • Multi-View : Bulls see stability in big funds; bears flag over-reliance on retail frenzy post-GameStop era.

"Institutional investors therefore hold more than two-thirds of Robinhood’s total shares, reflecting strong institutional participation."

Quick Facts

  • Founding Story : Launched 2013 by Stanford pals Tenev and Bhatt to "democratize finance"—now serving 25M+ users.
  • IPO : 2021 at $38/share; peaked amid volatility.
  • Latest (Feb 2026) : No major shifts reported; check SEC filings for Q4 '25 updates.

TL;DR : No single "owner"—Vanguard leads institutions at ~11%, founders control votes. Ownership evolves with markets.

Information gathered from public forums or data available on the internet and portrayed here.