RVI - Robinhood Ventures Fund I

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Oct 23, 2026

   The fund said it may sell new shares.

   Original document →

2. July 23, 2026

   Robinhood Markets cut its stake to 49% (from 52.2%), as a passive investor.

   Original document →

3. May 18, 2026

   Robinhood Markets now owns 52.2%, as a passive investor.

   Original document →

4. April 13, 2026

   The fund said it may sell new shares.

   Original document →

5. Feb 23, 2026

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Robinhood Ventures DE, LLC. As of March 31, 2026, from the fund's yearly report. Original document →
• Size: about $682 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.3% a year in management fees; 2.7% a year in total, including interest on borrowed money. Fiscal year ended March 31, 2026. As of March 31, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended March 31, 2026) the fund paid $0.58 a share. $0.49 of that was income; $0.09 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of March 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (March 31, 2026): $24.05. The shares traded at $26.54, about 10.4% above that. As of March 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 23.5% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund had about 27.2 million shares at March 31, 2026. As of March 31, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2025.

What a holder made

• The year ended March 31, 2026: the shares returned +6.2%, counting payouts; the holdings +0.9%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of March 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly preferred shares (38%), the rest cash and short-term holdings and shares. About 88% issued in the U.S.

1. Cash and short-term - 32.3%
2. OpenAI Group PBC (Class A Common Stock) class A shares - 11%
3. Mercor.io Corporation (Series C Preferred Stock) - 7.8%
4. Databricks, Inc. (Series L Preferred Stock) - 7.8%
5. Revolut Group Holdings Ltd (United Kingdom) (Ordinary Shares) - 7.3%
6. Databricks, Inc. (Series K Preferred Stock) - 4.9%
7. Airwallex (Cayman) Limited (Series G Preferred Stock) - 4.7%
8. Stripe Global Holdings Inc. (Class B Common Stock) class B shares - 4.3%
9. Boom Technology Inc (Series B-1 Preferred Stock) - 4%
10. Canva, Inc. (Class A Common Stock) class A shares - 3.7%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →