Rep. Ro Khanna and his family purchased roughly $80,000 worth of CART, the stock of Instacart parent Maplebear Inc., over a concentrated two-week stretch in late February and early March.
Disclosure filings show 10 separate transactions between Feb. 19 and March 6, 2026 — almost all purchases in the $1,000 to $15,000 range. The activity spanned accounts held by Khanna, his spouse, and a dependent child, signaling a coordinated build-up of the position rather than a single opportunistic trade.
Instacart, which trades on the Nasdaq with a market capitalization of about $10.0 billion, was recently priced at $38.23 per share. The stock has traded between $32.73 and $53.50 over the past 52 weeks, placing the purchases closer to the lower end of that range.
A concentrated buying streak
The trades unfolded in quick succession:
- Feb. 19: Spouse bought $1K–$15K
- Feb. 20: Spouse bought $1K–$15K
- Feb. 23: Spouse bought $1K–$15K
- Feb. 24: Dependent child bought $1K–$15K; Khanna bought $1K–$15K
- Feb. 25: Dependent child bought $1K–$15K; Khanna bought $1K–$15K
- Feb. 26: Spouse bought $1K–$15K
- Mar. 6: Spouse bought $1K–$15K and later sold $1K–$15K
In total, nine purchases were disclosed alongside one sale on March 6, also in the $1,000 to $15,000 range. Even at the low end of each reported band, the transactions amount to a sizable new allocation to the grocery-delivery platform.
Only one other lawmaker has reported trading CART, making Khanna’s household activity relatively uncommon on Capitol Hill.
Positioning in a volatile consumer tech name
Instacart went public in 2023 and has faced the typical post-IPO volatility, with shares well below their 52-week high of $53.50. The recent purchases suggest a bet on stabilization or upside after a pullback toward the low-$30s earlier in the year.
Khanna, a California Democrat, serves on the House Armed Services Committee and the House Committee on Oversight and Government Reform, as well as the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. He also sits on subcommittees covering cybersecurity, information technology, and innovation policy.
While Instacart is primarily a consumer-facing technology and logistics platform, its business touches on data infrastructure, digital marketplaces, and supply chain systems — areas frequently debated in Congress as lawmakers weigh antitrust scrutiny, platform regulation, and competition with Chinese tech firms.
Khanna has reported 17,672 career trades, reflecting one of the more active disclosure records among House members. Under the STOCK Act, lawmakers are required to disclose securities transactions within 45 days, offering the public a window into their financial activity.
The Instacart buying spree follows other recent portfolio moves by the California Democrat, whose trades are closely tracked alongside latest congressional trades across both chambers.
For now, the filings show a clear pattern: a rapid, multi-account accumulation of CART shares near the stock’s lower trading range — and only a modest trim at the end of the run.