Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio moves on Tuesday, April 7, as shown in ARK’s daily fund disclosures. The ace hedge fund manager scooped up $13 million in Robinhood Markets (HOOD) shares after the U.S. Treasury named the fintech platform as a broker and initial trustee for Trump Accounts.
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Additionally, she bought shares of EV giant Tesla (TSLA) despite negativity surrounding its missed Q1 2026 deliveries. Wood is known for strategic bets on disruptive sectors like autonomous driving, AI, robotics, and cryptocurrency; bets that often defy market consensus. Amid a choppy 2026 market, Wood’s bets signal conviction in fintech growth and AI/autonomy.
HOOD Stock: Trump Accounts Catalyst
President Donald Trump’s One Big Beautiful Bill Act introduced Trump Accounts. The program seeds $1,000 individual retirement accounts for children born from 2025 through 2028. These tax-advantaged savings accounts are aimed at promoting long-term savings for goals like retirement, education, or homeownership. These accounts will be invested in U.S. stock index funds and locked until the child turns 18.
As a lead trustee, Robinhood stands to manage billions in fresh assets. While customers can switch providers, early trustees gain first-mover advantage in fund launches and client acquisition. Robinhood will match the government’s $1,000 for eligible employees’ children.
Yesterday, Wood purchased 182,641 HOOD shares across multiple ARK ETFs, totaling $12.72 million. This marks ARK’s first Robinhood purchase in over a month, signaling that the Trustee news clearly tipped the scales.
Is HOOD Stock a Buy?
Based on 15 Buys and two Hold ratings, HOOD commands a Strong Buy consensus rating. The average Robinhood Markets price target of $114.33 implies 64.2% upside potential from current levels. Year-to-date, HOOD shares have dropped 38.4%.
Wood Buys the Dip in Tesla
Tesla stock dipped 1.8% yesterday amid a weeks-long slide triggered by weak Q1 auto deliveries and energy storage results. Wood added 6,731 TSLA shares worth $2.33 million, following her purchase of about 40,000 shares the prior day, April 6.
Notably, Tesla shares are rising today on news that Intel (INTC) is joining Elon Musk’s Terafab AI chip project alongside SpaceX, xAI, and Tesla. Intel’s expertise in chip design, fabrication, and packaging will ease fab construction and avoid years of delays.
Is TSLA a Buy, Hold, or Sell?
Analysts remain cautious on Tesla’s long-term outlook. On TipRanks, TSLA has a Hold consensus rating based on 13 Buys, 11 Holds, and eight Sell ratings. The average Tesla price target of $393.97 implies 13.7% upside potential from current levels. Year-to-date, TSLA shares have plunged 22.9%.
