$RVI: Robinhood Might Be Gearing Up For Another Run — And Almost Nobody Is Looking 👀🚀

TL;DR: Robinhood has a publicly traded fund called $RVI that owns stakes in OpenAI, Databricks, Revolut, Stripe, Ramp, Mercor and other massive technology companies.
Here’s the interesting part: This thing is gonna rip when notice

I started comparing Robinhood’s reported holdings with pricing from Forge, Clarity (formerly Hiive), and Nasdaq Private Market.

WTF is $RVI?
Robinhood Ventures Fund I ($RVI) is a publicly traded fund that owns stakes in companies most of us normally can’t invest in directly.
Think of it as a basket of private technology companies you can buy through a regular brokerage account.

You don’t need to be an accredited investor.
And unlike buying private shares directly, you can trade RVI on the NYSE.
Here’s what Robinhood reported owning on June 30:

https://preview.redd.it/irgflllt66uh1.jpg?width=1065&format=pjpg&auto=webp&s=42df7c0cb7f37bc2c1e2068e51661c7a04b4cfd0

Private companies don’t trade on the stock market every day, so funds have to estimate what their investments are worth.

That estimated value is called NAV — Net Asset Value.

RVI last reported NAV of $25.02 per share on June 30. Take a look at where the holdings are marked in terms of valuation.

https://preview.redd.it/ox25nco176uh1.jpg?width=1179&format=pjpg&auto=webp&s=d8015c80ec35729bb3d2b2c32b3392bc1eb321ee

But private-company shares are still bought and sold between institutions, employees and investors through secondary marketplaces.

Those transactions and market indications can provide clues about what these businesses are worth TODAY.

1. Databricks

Robinhood’s June 30 filing values its Databricks preferred shares at approximately $201.54 per share. Forge’s October indicative price: $268.50 per share. That’s approximately 33% higher. Databricks also completed a newer funding round in August at $253 per share, implying a $190 billion company valuation. Robinhood’s disclosed Databricks position was worth approximately $86.6 million in June. If you simply applied Forge’s current indicative price to the same share count, it would be worth approximately $115.4 million. That’s almost $29 million of potential additional value in ONE holding.

1. Revolut

RVI’s June filing implies a mark of approximately $1,398 per ordinary share. Forge currently displays an indicative price of $2,125. That’s approximately 52% higher.

1. Stripe

RVI’s reported mark: approximately $63 per share. Forge’s indicative price: $72.45. That’s approximately 15% higher.

1. Ramp

RVI’s mark: $120 per share. Transactions are taking place at \~$160/share on the secondary market

5.OpenAI
RVI's mark: $687/share

Transactions are taking place at >$1,000/share the demand is overwhelming. There are rumours that the company is raising a new round at a much higher valuation as well.
https://www.reuters.com/legal/transactional/openai-targets-30-billion-funding-14-trillion-valuation-bloomberg-news-reports-2026-09-29/

Positions: 273 shares // 10 $20 call exp. March 19, 2027

Sources: Robinhood’s June 30 holdings report, SEC filings, Forge Global, Clarity and Nasdaq Private Market.
Not financial advice. Private-market valuations are messy, and this thing can absolutely trade below NAV.