ARK Invest Invests $5.5 Million to Increase Stake in Circle Stock, Which Soared 16% After Q1 Earnings Report

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On May 12, ARK Invest, led by Cathie Wood, purchased approximately $5.5 million worth of Circle stock on Monday, following a 16% surge in the stock after the release of its first-quarter earnings report. According to ARK’s trading report on May 11, the firm’s three ETFs—Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF)—collectively bought 41,904 shares of Circle Internet Group. This marks ARK’s first increase in Circle holdings since March 24. ARK typically adjusts its positions to ensure that no single stock exceeds 10% of the fund, thus actively rebalancing when certain asset prices fluctuate significantly. According to the latest disclosures, Circle is currently the sixth-largest holding in the ARKK ETF, accounting for approximately 4.6% of the fund, with a market value of about $306.5 million, trailing only Tesla, Advanced Micro Devices, CRISPR Therapeutics, Tempus AI, and Roku.

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