Tracking Cathie Wood: Aggressively scooping up Chinese autonomous driving leaders Pony.ai and WeRide, while making a rare purchase of BYD

Last Friday, the three major U.S. stock indices fluctuated narrowly throughout the day, closing nearly flat. With the official start of the Q4 earnings season, all three indices recorded declines last week.

Today, after U.S. President Trump proposed new tariffs on eight European countries due to the Greenland issue, global risk asset prices declined as markets flocked to safe-haven assets. However, U.S. stocks are closed today for Martin Luther King Jr. Day.

Looking back at Cathie Wood’s actions last Friday,It can be seen that she not only significantly added to her positions $Taiwan Semiconductor (TSM.US)$and$Advanced Micro Devices (AMD.US)$, an even more significant signal is her full commitment to the autonomous driving sector, especially her strong confidence in Chinese autonomous driving companies.

Increased positions: Focus on 'hard tech,' with emphasis on autonomous driving, computing power, and electricity

1. Aggressive bets on Robotaxi and the autonomous driving industry chain

This is the most prominent feature of this portfolio adjustment. ARK Invest didn't just buy into complete vehicles but made comprehensive purchases around the 'autonomous driving ecosystem':

Heavy investment in China's emerging autonomous driving forces:

$WeRide (WRD.US)$: Significantly increased holdings by 152,000 shares.

$Pony AI (PONY.US)$: Purchased 133,600 shares.

$BYD COMPANY (01211.HK)$: Increased holdings by 43,200 shares.

Interpretation:This demonstrates ARK's highly optimistic attitude toward the speed of Robotaxi commercialization in China. WeRide and Pony.ai, as leaders in L4 autonomous driving, along with BYD’s manufacturing capabilities, form what Cathie Wood calls the 'golden combination'.

Strategically positioned in precision agriculture and navigation:

$Trimble (TRMB.US)$ Increased holdings by 25,500 shares & $Deere (DE.US)$ Increased holdings by 1,762 shares.

Interpretation:Autonomous driving is not only about transporting people; agricultural automation and high-precision positioning represent another important scenario for AI's physical-world implementation, aligning with ARK's consistent investment philosophy of 'disruptive innovation'.

2. Extension of AI infrastructure logic: computing power + electricity

Beyond the application layer (autonomous driving), Ms. Wood continues to strengthen positions in foundational infrastructure but has introduced new细分 directions:

The two champions of computing power

$Taiwan Semiconductor (TSM.US)$ Increased holdings by 5,542 shares & $Advanced Micro Devices (AMD.US)$ Increased holdings by 4,844 shares.

Interpretation:Although the number of shares is not large, the continued purchases indicate that she believes the demand for AI chips has yet to peak, with semiconductor manufacturing remaining a core asset.

The end of AI is energy:

$Oklo Inc (OKLO.US)$ Increased holdings by 34,400 shares

Interpretation:This is a very noteworthy signal. As data center energy consumption surges, nuclear energy (especially Small Modular Reactors, SMRs) is becoming a key complement to AI computing power. The increase in OKLO holdings indicates that 'Wooden Sister' is positioning herself in the long-term narrative of 'AI + Energy'.

Direction of reduction: Decreased positions in software companies and defense stocks

'Wooden Sister' sold $Kratos Defense & Security Solutions (KTOS.US)$ 98,400 shares, $Unity Software (U.US)$ 24,600 shares, $Intuit (INTU.US)$ 993 shares.

The market believes that 'Wooden Sister's' funds are being withdrawn from some SaaS software and traditional defense stocks, clearly to free up capital to focus firepower on the above-mentioned 'hard technology' and 'AI physicalization' directions.

In addition, according to industry-compiled data, a group of Software-as-a-Service (SaaS) stocks tracked by Morgan Stanley fell another 15% this year after dropping 11% last year — marking the worst start to a year since 2022.The biggest trigger for the related sell-off came from Anthropic, a startup that released a new AI collaboration tool called 'Claude Cowork' on January 12. The launch reignited fears of potentially disruptive competition posed by AI, which had previously pressured software developers in 2025.

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