Cathie Wood's Ark Invest buys $14 million worth of Circle, offloads Robinhood shares

By Danny Park • Edited by Timmy Shen
Business•July 10, 2026, 5:09AM EDT
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Cathie Wood's Ark Invest buys $14 million worth of Circle, offloads Robinhood shares

Quick Take

  • Ark Invest bought $13.7 million worth of Circle shares and sold $9.8 million in Robinhood.
  • Circle’s stock has fallen more than 20% over the past month.
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Cathie Wood's investment firm Ark Invest scooped up more shares of Circle Internet Group on Thursday, while selling a portion of its Robinhood holdings.

The firm's latest trading disclosure shows that Ark bought a total of 217,896 shares of Circle (CRCL) across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At Thursday's closing price of $63.01, Ark Invest added roughly $13.7 million worth of the stock.

Circle fell 1.65% on Thursday, extending its one-month decline to 20.2%. The stock fell sharply at the beginning of the month following the launch of Open USD (OUSD), a new stablecoin project backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase.

Still, Bernstein analsyts reiterated their Outperform rating on Circle and maintained a $190 price target for the USDC issuer earlier this month.

Meanwhile, Ark sold 85,319 shares of Robinhood (HOOD), worth $9.8 million. HOOD closed up 1.39% at $115.11 on Thursday.

The investment firm actively adjusts its ETF holdings so that no single stock exceeds 10% of a fund's portfolio. This means Ark would rebalance weightings when the value of certain assets fluctuates significantly.