According to PANews on May 17th, citing Jinshi, in the first quarter, ARK Investment Fund led by Cathie Wood had a total market value of $9.99 billion, with the top 10 holdings accounting for 48.49% of the total market value. Cathie Wood's first-quarter positioning strategy showed an active layout in emerging technologies and biotechnology fields, while also adjusting and optimizing some holdings. In the first quarter, ARK increased its holdings in AI (Palantir, UiPath), blockchain (Coinbase, Bitcoin ETF), and biotechnology (CRISPR, Teladoc), and reduced holdings in Tesla (intensified competition) and Zoom (slowing growth). Although Tesla remains the largest holding, accounting for 8.45% of the portfolio, its position size slightly decreased by 0.87% in the first quarter, marking the third consecutive quarter of reducing Tesla holdings.
