Cathie Wood and ARK Investment Management team have been on a buying spree, rebuilding positions in China tech stocks despite Beijing’s ongoing crackdown. The firm has bought a net 1.17 million shares of and its JD Logistics subsidiary, along with around 235,000 shares of Tencent and 85,824 shares in Pinduoduo.

The majority of those shares are placed into the ARK Space Exploration & Innovation ETF (ARKX) and the ARK Fintech Innovation ETF (ARKF), while has been lifted to the 8th-largest holding in the ARK Autonomous Technology & Robotics ETF (ARKQ).

However, the firm sold off a combined 5.37 million shares in other China firms during the period, including insurance provider ZhongAn and e-commerce platform Meituan.

ARK was among plenty of investors selling off Chinese holdings after the ruling Chinese Communist Party ordered security reviews of U.S.-listed tech companies like Didi and prohibited certain education companies from going public or making profits.

Current market cap of ARK investment (as of June 2021) stands at $112 Billion; Cathie Wood’s net worth is around $400 million (as of August 11th, 2021).

Top 10 holdings of ARK Investment

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