Cathie Wood Buys $13M in Robinhood Stock After Treasury Picks Platform for “Trump Accounts”

TLDR

• ARK Invest bought 182,641 Robinhood shares worth ~$13 million on April 7, 2026
• The U.S. Treasury selected Robinhood as the official brokerage for a new “Trump Accounts” program
• Each eligible U.S. child born between 2025–2028 will receive a $1,000 government deposit into a tax-advantaged account
• Robinhood stock jumped nearly 8% in pre-market trading on April 8
• Robinhood’s board also approved a $1.5 billion share buyback program last month

ARK Invest, run by Cathie Wood, bought about $13 million worth of Robinhood stock on Tuesday, April 7, 2026. The firm picked up 182,641 shares spread across three of its ETFs: ARKK, ARKW, and ARKF.

Robinhood Markets, Inc., HOOD

The purchase came just after a major government announcement. The U.S. Treasury chose Robinhood as the official brokerage and initial trustee for a new program called “Trump Accounts.”

Under the program, every eligible U.S. citizen born between 2025 and 2028 will receive a $1,000 government contribution into a tax-advantaged investment account. The goal is to encourage early investing for the next generation.

BNY will act as the financial agent to manage the accounts and build the official app. Robinhood will handle the trading and trustee responsibilities.

Robinhood also said it will match the government’s $1,000 contribution for children of its own employees. That puts the company on record as an active supporter of the initiative.

The announcement pushed Robinhood shares up over 7.9% in pre-market trading on April 8. Shares had also risen more than 7.5% in after-hours trading the day before, climbing toward $75.

ARK’s First Robinhood Buy in Nearly a Month

This was ARK’s first purchase of Robinhood stock in close to a month. The firm had stepped back from the stock as it struggled, but the government partnership gave investors a fresh reason to buy in.

ARK also made other trades on the same day. It sold 9,481 shares of Teradyne worth about $2.99 million, continuing a trend of trimming that position over the past week. The firm also bought 6,944 shares of Tesla for roughly $2.45 million.

Other sales included 60,093 shares of Twist Bioscience for $3.07 million and 26,838 shares of Roku for $2.64 million.

Buyback Program Adds Support

Robinhood’s board approved a $1.5 billion share buyback program last month. The buyback runs over three years and signals that management believes the stock is undervalued.

Despite missing some revenue targets in its most recent quarter, the buyback combined with the Trump Accounts deal has shifted sentiment around the stock.

Robinhood’s crypto sales had also declined earlier this year, but the new government-backed account program could bring millions of new users to the platform.

Seventeen Wall Street analysts currently rate Robinhood stock as a consensus Strong Buy. That rating is based on 15 Buy and two Hold recommendations from the past three months. The average price target sits at $114.40, which would represent about 64% upside from current levels.

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