Cathie Wood’s Ark Trims Circle Stake After Netting Big Windfall

Cathie Wood is trimming her portfolio after scoring big with her latest bold bet: Circle Internet Group Inc., the stablecoin firm that has seen its shares surge by triple digits since its debut as a public company.

Wood’s Ark Investment Management has offloaded about 1.5 million shares of Circle over four recent trading sessions, worth roughly $333 million, based on back-of-the envelope math calculated by Bloomberg from the firm’s daily trading disclosures.