Cathie Wood, head of Ark Investment Management, does not panic when the prices of her favorite tech stocks fall. She in fact buys the dip. And the prominent asset manager just bought into a tech stock that has lost nearly a quarter of its market value over the past month.

Cathie Wood and Ark Invest faced a challenging trading day on Monday, as a significant downturn in the tech sector weighed heavily on their exchange traded funds. The market decline affected several companies with substantial allocations in Wood’s portfolios.