IT Home Reported on February 3 that Cathy Wood's Ark Investment Company further increased its holdings in Tesla and Chinese stock Xiaopeng Motors on Wednesday for the third consecutive day of buying. The company bought 1,931 shares of Tesla stock, worth $1.74 million, that day. In addition, Ark Investments on Wednesday bought 32,492 shares of Xiaopeng Motors, worth $1.16 million.
In addition, Cathy Wood's Ark Investment Firm hastily cut most of its exposure in PayPal on Wednesday after the fintech company posted a weak earnings report and abandoned an ambitious growth plan formulated last year, causing its stock price to plummet.
IT House learned that Cathy Wood was the most popular fund manager in the global financial industry in the past two years, and the 65-year-old is called "Wood Sister" in China. Mu Jie graduated from the Department of Finance of the University of Southern California and studied under the well-known American economist Arthur Laffer. He has served as Chief Economist and Investment Director at Prudential Asset Management and Alliance Bernstein.
In 2014, Mu Jie, who was nearly sixty years old, decided to start a business and founded the ARK (Active Research Knowledge) Fund. In 2020, her investment firm, ARK's funds returned an average of more than 140% and 505% in 5 years. Management soared from $3.4 billion in early 2020 to more than $60 billion at its peak in February 2021, known as the "women's version of Buffett."
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