Ark Invest buys $13.9M Circle, sells Robinhood

On Tuesday, July 14, 2026, investment firm Ark Invest, led by Cathie Wood, executed a series of significant portfolio adjustments, purchasing approximately $13.9 million in Circle Internet Group shares while trimming its stake in Robinhood Markets. The trades, disclosed in the firm's daily filings, highlight Ark's disciplined rebalancing strategy amid a period of volatility for the stablecoin issuer.

Ark acquired 220,012 shares of Circle across three of its exchange-traded funds: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). Based on Circle's closing price of $63.22 on Tuesday, the investment totaled roughly $13.9 million. The firm also expanded its position in Block Inc., purchasing 19,029 shares worth approximately $1.52 million through the ARKW and ARKF funds. Concurrently, Ark sold 27,742 shares of Robinhood, valued at about $3.15 million, as the brokerage's stock rose.

The move to increase its Circle holding comes as the company's stock has faced significant pressure, declining 24.17% over the past month. This sharp drop followed the early July launch of the Open USD stablecoin project, a competing...