Cathie Wood Exits AMD Position, Invests $26M in Circle and Bitmine

TLDR

• ARK Invest sold 87,051 AMD shares valued at $22.5 million through ARK Innovation ETF on November 13
• The fund bought 188,941 Circle Internet shares worth $16.3 million across three ETFs for second consecutive day
• ARK purchased 242,347 Bitmine Immersion Technologies shares for $9.8 million to expand crypto infrastructure holdings
• The AMD sale followed a 10% stock surge after the company’s November 11 Analyst Day presentation
• Additional portfolio changes included sales of Pinterest, Regeneron, and Salesforce totaling over $29 million

Cathie Wood’s ARK Invest executed a portfolio shift on November 13, moving away from semiconductor stocks and into cryptocurrency investments. The fund sold its AMD position worth $22.5 million while purchasing over $26 million in crypto-related companies.

Advanced Micro Devices, Inc., AMD

The AMD sale involved 87,051 shares through the ARK Innovation ETF. The stock closed at $247.96 on Thursday after falling 4 percent during the trading session.

The timing of the sale came two days after AMD hosted its 2025 Analyst Day event. The November 11 presentation covered the company’s AI and data center strategy and pushed the stock up approximately 10 percent. The quick turnaround suggests ARK was capitalizing on short-term gains.

ARK also trimmed other technology positions. The fund sold 572,735 Pinterest shares for $15.6 million and exited 12,083 Regeneron shares worth $8.2 million. Another 21,974 Salesforce shares were sold for roughly $5.4 million.

Circle Internet Becomes Major ARK Holding

ARK’s largest purchase targeted Circle Internet Group, the issuer of the USDC stablecoin. The fund acquired 188,941 shares across three separate ETFs for a total of $16.3 million.

Circle Internet Group, CRCL

This marked the second straight trading day of Circle purchases. The investments were distributed through ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.

Circle operates the infrastructure behind USDC, which ranks as the largest stablecoin in the cryptocurrency market. The consecutive buying days demonstrate ARK’s growing confidence in the digital payments sector.

Crypto Mining Infrastructure Investment

ARK expanded its crypto exposure beyond payments into mining infrastructure. The fund purchased 242,347 Bitmine Immersion Technologies shares valued at $9.8 million.

Bitmine provides digital infrastructure services for cryptocurrency mining operations. The investment aligns with ARK’s strategy of backing companies that support blockchain networks.

Combined with the Circle purchase, ARK Invest deployed over $26 million into crypto-related investments in a single trading day. This compares to the $22.5 million exited from AMD stock.

Biotech Sector Activity

The fund continued building positions in biotechnology companies. ARK bought 140,193 Beam Therapeutics shares worth approximately $3.1 million.

This purchase extended a weeklong pattern of accumulating Beam stock. The gene-editing company has received consistent investment from ARK over recent trading sessions.

ARK also added 261,439 Recursion Pharmaceuticals shares for about $1.2 million. These biotech investments represent smaller positions compared to the crypto purchases but show diversification across sectors.

The total trading activity on November 13 exceeded $70 million in combined transactions. The portfolio adjustments reduced exposure to established chip makers while increasing stakes in cryptocurrency payment systems and mining infrastructure providers.

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