Cathie Wood’s ARK Invest closed out the first half of 2026 with Tesla, Advanced Micro Devices, and SpaceX as its three largest holdings. Together they made up roughly 22% of ARK’s disclosed portfolio across its actively managed funds.
Tesla held the top spot with a position worth about $349.5 million, equal to 9.4% of ARK’s portfolio. The company reported Q2 deliveries of 480,126 vehicles, beating Wall Street estimates. Tesla also expanded its Robotaxi service to Miami. Full Q2 earnings are due July 22.
Baird analyst Ben Kallo kept an Outperform rating on Tesla after the delivery report, with a $522 price target. He called the delivery beat wide and pointed to strong energy deployment numbers.
Wall Street’s overall view on Tesla is a Moderate Buy, based on 10 Buys, 15 Holds, and 3 Sells. The average price target of $399.71 implies about 4.78% downside from current levels.
AMD ranked second in ARK’s portfolio at around $282.9 million, or 7.6% of total assets. The stock jumped 6% after Turing, a Japanese self-driving startup, named AMD as a strategic investor and said it would shift 10% of its AI training to AMD chips.
Goldman Sachs analyst James Schneider raised his AMD price target from $450 to $640, keeping a Buy rating. He pointed to strong server CPU demand and continued AI spending as growth drivers.
One investor from The Motley Fool, ranked in the top 4% on TipRanks, said AMD may still deliver market-beating returns. He cited the shift toward agentic AI, which could move the GPU-to-CPU ratio from 8:1 closer to 1:1 — a move that would benefit AMD’s EPYC processors.
AMD trades at a 73.5x forward earnings multiple, well above the 22.2x average for information technology stocks. Wall Street still rates it a Strong Buy with 28 Buys and 7 Holds. The average price target sits at $515.69, below where shares are currently trading.
SpaceX ranked third at about $179.5 million, or 4.8% of ARK’s portfolio. The company went public on June 12 in a record-breaking IPO and joined the Russell 1000 shortly after. It is set to enter the Nasdaq-100 on July 7, which could attract new demand from index-tracking funds.
Arete Research analyst Andrew Beale kept a Buy rating with a $401 price target — the highest on the Street. He expects Starlink V3 satellites to drive broadband market growth and sees satellite internet, rocket launches, and AI as long-term growth engines.
SpaceX carries a Moderate Buy consensus rating. Its average price target of $212.63 implies about 32.54% upside from its current price.
ARK added new positions in Broadcom, Cerebras Systems, Snowflake, Figma, and Alphabet during H1 2026. It sold out of Trade Desk, Qualcomm, Airbnb, DraftKings, Pinterest, and Salesforce, among others.
At the start of H2, ARK’s portfolio is concentrated in Information Technology at 31.4% and Industrials and Aerospace at 31.9%. Consumer Discretionary accounts for 18.1%, while Financials and Crypto make up 11.4%.
The only ARK funds to beat the S&P 500’s 9.34% H1 return were ARKX, up 13.66%, and ARKQ, up 11.63%. The flagship ARKK gained just 3.21%.
The post Cathie Wood’s Biggest Bets Heading Into H2 2026 — Tesla, AMD, and SpaceX Top the List appeared first on CoinCentral.
