Cathie Wood’s ARK Invest continues to cash in on Circle’s strong post-IPO rally, steadily locking in profits as the stock climbs.
In its latest move, ARK sold 609,175 Circle shares across three of its ETFs, according to June 20 portfolio disclosures. The sale, totaling around $146.2 million, included 490,549 shares from the ARK Innovation ETF (ARKK), 75,018 shares from the ARK Next Generation Internet ETF (ARKW), and 43,608 shares from the ARK Fintech Innovation ETF (ARKF).
ARK Invest’s recent sale of Circle shares once again aligns with a sharp spike in CRCL’s price—this time following a 20.4% surge on the day of the transaction. The combined sale, worth approximately $146.2 million, adds to earlier profits from June 16 and 17, when ARK offloaded shares worth about $52 million and $45 million, respectively. Altogether, the firm has now realized around $243 million in gains from its Circle investment.
Despite trimming its position, Cathie Wood’s ARK remains one of the largest shareholders in Circle. The firm initially acquired 4.5 million shares shortly after the stock debuted and still holds more than 3.2 million.
ARK trails major institutional investors like Beijing-based IDG-Accel China Capital Fund II, the largest shareholder with 23.3 million shares. Since its debut, Circle’s stock has skyrocketed over 400%, climbing from its initial price of $31 to around $240.
With a current stake valued at roughly $779 million, ARK is the eighth-largest holder of CRCL, which now ranks among the firm’s top portfolio positions alongside names like Tesla (TSLA) and Robinhood (HOOD).
