{"id":17207,"date":"2025-06-24T20:40:04","date_gmt":"2025-06-24T20:40:04","guid":{"rendered":"https:\/\/finderica.com\/?p=17207"},"modified":"2025-06-24T20:40:04","modified_gmt":"2025-06-24T20:40:04","slug":"cathie-woods-ark-trims-circle-stake-after-netting-windfall","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=17207","title":{"rendered":"Cathie Wood’s Ark trims Circle stake after netting windfall"},"content":{"rendered":"
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Cathie Wood<\/ps-link> is trimming her portfolio after scoring big with her latest bold bet: Circle Internet Group Inc., the stablecoin firm that has seen its shares surge by triple digits since its debut as a public company.<\/p>\n

Wood’s Ark Investment Management has offloaded about 1.5 million shares of Circle over four recent trading sessions, worth roughly $333 million, based on back-of-the envelope math calculated by Bloomberg from the firm’s daily trading disclosures.<\/p>\n

The sale comes just weeks after three of Wood’s exchange-traded funds bought 4.5 million Circle shares<\/ps-link>, which were valued around $373 million at the close of its trading debut on June 5. With the stock’s\u00a0stratospheric\u00a0rally<\/ps-link> since then, Ark has likely recouped much of the cost of its initial stakes through the sales.<\/p>\n

The flagship ARK Innovation ETF, with $6.5 billion in assets, sold 1.2 million shares. ARK Next Generation Internet ETF and ARK Fintech Innovation ETF followed by also selling shares. Wood’s firm as a whole remains the eighth-largest holder of Circle, data compiled by Bloomberg show.\u00a0<\/p>\n

“Profit-taking is a natural part of Ark’s strategy,” said Todd Sohn, senior ETF analyst at Strategas Research. “The more important questions and considerations would come if they completely sold out of the name; that would raise the risk of Nvidia\u00a0redux.”<\/p>\n

A spokesperson for Ark did not respond to a request for comment.<\/p>\n

Ark’s unwinding of Circle holdings comes after shares of the company behind USDC, the second-largest stablecoin by market share, rallied more than 600% since it started trading earlier this month \u2014 marking the most high-profile cryptocurrency-related debut since Coinbase Global’s direct listing in 2021. <\/p>\n

New York-based Circle is now valued at about $50 billion, putting it well within the league of heavyweights like Coinbase and Robinhood Markets. Circle shares fell as much as 16% on Tuesday.<\/p>\n

“Ark doubled their investment in less than a month,” said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. “It’s not unusual for them to sell while the stock runs up.”<\/p>\n

In 2023, Wood made\u00a0headlines\u00a0for closing out ARKK’s position in Nvidia just as the stock was soaring, fueled by a global bull run driven by optimism over artificial intelligence.<\/p>\n

ARKK’s tech holdings such as Tesla and Roblox have rebounded from tariff-volatility induced lows alongside the broader stock market as President Donald Trump walked back some of his most extreme trade proposals<\/ps-link>.\u00a0<\/p>\n<\/div>\n

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Cathie Wood is trimming her portfolio after scoring big with her latest bold bet: Circle Internet Group Inc., the stablecoin firm that has seen its shares surge by triple digits since its debut as a public company. Wood’s Ark Investment Management has offloaded about 1.5 million shares of Circle over four recent trading sessions, worth<\/p>\n","protected":false},"author":1,"featured_media":17208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[218],"tags":[2245,2243,1130,6999,2100,6998,4209,6997],"class_list":{"0":"post-17207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"tag-ark","9":"tag-cathie","10":"tag-circle","11":"tag-netting","12":"tag-stake","13":"tag-trims","14":"tag-windfall","15":"tag-woods"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/17207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17207"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/17207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/17208"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}