Cathie Wood is doing what Cathie Wood does best: making bold, conviction-driven trades that get the entire market talking. On July 9, Ark Invest scooped up 217,896 shares of Circle Internet Group (CRCL) at a cost of roughly $13.7 million, while simultaneously offloading 85,319 shares of Robinhood Markets (HOOD) worth approximately $9.8 million.
The numbers behind the swap
Circle shares closed at $63.01 on the day of the trade, down 1.65%. Ark was buying into weakness, which is very on-brand for a firm that has built its reputation on catching falling knives and occasionally being right about it.
Robinhood, meanwhile, closed at $115.11, up 1.39%. Selling into strength is the mirror image of the same strategy. Lock in gains on a winner, redeploy capital into what you believe is a deeper value play.
This wasn’t a one-off move. Ark has been steadily building its Circle position throughout 2026. Just eight days earlier, on July 1, the firm purchased approximately $18 million worth of CRCL shares. Back in May, another $5.5 million went into the stock following Circle’s earnings report. Add this latest $13.7 million purchase, and you’re looking at well over $37 million deployed into a single name in roughly two months.
