Ark Invest Rebalances Portfolio With $13.9 Million Circle Buy

According to the firm’s latest daily trading disclosure, Ark scooped up 220,012 shares of Circle across its ARKK, ARKW, and ARKF funds. The purchase follows a turbulent month for Circle, which remains down over 24% following the launch of the Open USD stablecoin project. The aggressive acquisition comes despite a recent downgrade from Mizuho, which slashed its price target for the company to $50, citing mounting competitive pressure.

Simultaneously, the firm expanded its stake in Block Inc. by adding 19,029 shares, valued at approximately $1.52 million. Conversely, Ark trimmed its position in Robinhood by 27,742 shares. The sell-off coincides with a 3.27% climb in Robinhood’s stock price, aligning with the firm’s established practice of rebalancing to ensure no single holding exceeds 10% of an ETF’s total assets. This tactical shift underscores a consistent pattern: buying into weakness—as seen previously with Coinbase and SpaceX—while trimming exposure when market gains push individual stocks beyond internal weight targets.