Last year, Cathie Wood was given the title of "bull queen" because of the high returns of her fund. Now that there has been a sharp pullback in ARK's products due to a sell-off in technology stocks, more and more people are starting to pay attention to how wooden Sister will lead the company through the difficulties.

Today, at the beginning of US stock market trading, ARK flagship fund$ARK Innovation ETF (ARKK.US) $It opened sharply lower, falling more than 4% to 98.89 at one point. It is worth noting that of the 58 stocks held by the fund, 53 fell, accounting for 91 per cent, as technology stocks fell across the board yesterday.

However, Sister Wood does not seem to be worried about the market sell-off. Previously, she also said that the sharp fall in technology stocks only laid the foundation for a strong rebound in her fund.

According to ARK's latest position, ARKF sold 87560 shares of Apple Inc on May 10 and now holds 200387 shares, a cut of up to 30.4%. In addition, ARK sold 464000 shares$ADR (RHHBY.US) $, 464000 shares$Baidu, Inc. (BIDU.US) $, 1.62 million shares$Opendoor Technologies Inc (OPEN.US) $, and 558000 shares$Virgin Galactic Holdings Inc (SPCE.US) $.

The operation of ARK's sharp sell-off of Apple Inc deserves particular attention from investors. Because, this is in line with the investment strategy that Sister Mu has always emphasized, namely:Sell larger, more liquid technology stocks to buy smaller companies on the bargain.

At the same time, it was also noted that Sister Mu "invested" the proceeds from the sale of her position in the ETF of other ARK. For example, wooden sister Xiang$The 3D Printing ETF (PRNT.US) $Invested more money, which is also her space ETF.$ARK Space Exploration & Innovation ETF (ARKX.US) $One of the heavy stocks.

This "doll" behavior may have caused the dissatisfaction of many investors. To make matters worse, Mu Mu also revealed that Bill Hwang, the founder of hedge fund Archegos, provided seed money for ARK ETFs. Therefore, considering the impact of the Archegos position explosion, the risk management of ARK may eventually be questioned by the market.

In response, the financial blog Zerohedge tweeted:

The Nasdaq will continue to fall until ARK explodes like Archegos.