---
title: "Cathie Wood buys the dip in Chinese tech stocks: significantly increasing holdings in Alibaba, reducing positions in TSMC and Baidu"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277792911.md"
description: "Famous investor Cathie Wood's ARK Invest adjusted its holdings on March 3, increasing its position in Alibaba (BABA) by 138,270 shares, worth approximately $18.75 million, while reducing its holdings in Taiwan Semiconductor Manufacturing Company (TSM) and Baidu (BIDU). Additionally, ARK also increased its positions in Amazon (AMZN), Archer Aviation (ACHR), Joby Aviation (JOBY), and BioNTech (BNTX), reflecting an overall optimism towards technology and aviation stocks"
datetime: "2026-03-04T14:02:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277792911.md)
  - [en](https://longbridge.com/en/news/277792911.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277792911.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277792911.md) | [繁體中文](https://longbridge.com/zh-HK/news/277792911.md)


# Cathie Wood buys the dip in Chinese tech stocks: significantly increasing holdings in Alibaba, reducing positions in TSMC and Baidu

The famous investor Cathie Wood's ARK Invest exchange-traded fund adjusted several positions on March 3, increasing holdings in certain technology and aviation stocks while reducing others.

In the buying operations, ARK purchased 138,270 shares of Alibaba (BABA) stock, valued at approximately $18.75 million. Due to geopolitical tensions leading to market weakness, the stock fell nearly 5% on that day. The company also increased its holdings in Amazon (AMZN) by 62,579 shares, amounting to about $13 million, following reports that some of its data center operations were affected by regional turmoil.

ARK increased its exposure to electric vertical takeoff and landing aircraft manufacturers, buying 947,943 shares of Archer Aviation (ACHR) stock, valued at approximately $6.37 million, and 539,131 shares of Joby Aviation (JOBY) stock, valued at about $5.26 million. Archer recently reported a fourth-quarter loss per share of $0.26 and is still in the stage of not generating revenue. The fund also purchased 122,951 shares of BioNTech (BNTX) stock, amounting to approximately $12.39 million.

On the selling side, ARK reduced its positions in Roku (ROKU), Taiwan Semiconductor Manufacturing Company (TSM), and Baidu (BIDU), divesting stocks worth over $31 million, $14 million, and $12 million, respectively

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