TLDR
Cathie Wood’s ARK Invest offloaded more than 181,000 Advanced Micro Devices shares valued at approximately $110 million.
The investment firm simultaneously acquired over 356,000 Nvidia shares worth about $81.6 million.
ARK purchased Tesla stock valued at $17.28 million via its Innovation ETF.
The Securities and Exchange Commission greenlit Tesla’s innovative voluntary program enabling retail investors to automatically align their votes with board recommendations.
Tesla shares experienced modest gains in extended trading hours after the SEC announcement.
On Tuesday, September 29, 2026, Cathie Wood’s ARK Invest executed significant portfolio trades across multiple positions. The investment firm’s exchange traded funds disclosed their daily transaction activity, revealing substantial shifts in several key holdings.
The firm divested 181,767 shares of Advanced Micro Devices across four separate ARK funds. This divestment totaled approximately $110.5 million and represents a continuation of ARK’s strategy to trim its semiconductor manufacturer position in recent months.
Concurrently, ARK accumulated 356,681 shares of Nvidia through the identical fund group. This acquisition carried a price tag of approximately $81.6 million.
ARK Expands Tesla Position and Additional Portfolio Moves
Through its Innovation fund, ARK acquired 48,352 shares of Tesla, representing an investment of approximately $17.28 million.
The investment firm executed several other significant transactions. ARK purchased Broadcom shares totaling $26.6 million and CoreWeave shares valued at $21.6 million.
Additionally, ARK expanded its Intellia Therapeutics stake with approximately $2.3 million in purchases. The firm also acquired Veracyte shares worth $5.4 million.
Among divestments, ARK trimmed positions in Tempus AI, Twist Bioscience, 10x Genomics, and Zillow. The 10x Genomics sale represented the most substantial reduction at $38.5 million.
Minor transactions included acquisitions of Airbnb, Block, and Space Exploration Technologies Corp. shares. ARK also liquidated a modest number of Alphabet shares.
Tesla Shares React to SEC Regulatory Approval
Tesla stock declined 1.29% during Tuesday’s standard trading hours. The shares reversed course in after-hours trading following the release of significant regulatory news.
The price movement came after the Securities and Exchange Commission approved Tesla’s novel program designed for retail shareholders. The initiative allows individual investors to automatically align their proxy votes with the company’s board recommendations.
The program enables participants to have their shares automatically vote according to board guidance on most proposals. Investors retain the option to exclude contested director elections and certain major corporate transactions from this automatic voting feature.
The program is available to shareholders at no cost. Enrollment can be completed through Tesla directly, their brokerage firm, or a proxy voting service provider.
Participants maintain complete flexibility to modify or terminate their voting preferences at any time. Tesla states the initiative aims to increase retail investor participation in corporate governance decisions.
Tesla cited data revealing that retail investors cast ballots for only 28% of their shares in 2025. This contrasts sharply with the 76.6% voting rate among institutional investors.
The SEC approval arrives as market participants monitor potential developments regarding a SpaceX transaction. Any such arrangement could generate additional scrutiny of Elon Musk’s Tesla compensation structure, although no transaction has been officially announced.
Analysts maintain a Moderate Buy consensus rating on Tesla shares. This assessment derives from 12 Buy recommendations, 12 Hold ratings, and two Sell ratings published during the last three months.
The consensus price target among Wall Street analysts stands at $391.40 per share. This target implies potential upside of approximately 11% from present trading levels.
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