Carolina Mandl and David Randall

NEW YORK – Jupiter Asset Management (NASDAQ: Global Inc), Azora Capital LP, and the family of billionaire Jon Yarbrough were some of those funds to sell all their shares in cryptocurrency company Coinbase.

However, Cathie Wood’s ARK Innovation funds continued to improve its Coinbase ranking over the same period – the quarter ending March 31st.

Coinbase is the most popular crypto exchange in America. The company failed to meet earnings expectations and reported decreased trading volume as bitcoin’s value fell close to 17-month lows. Coinbase tumbled. On Monday, shares fell 3.6% and now stand at 74%.

According to Securities filings, Jupiter Asset Management had sold 73.441 shares in its quarter ended March 31. Azora Capital also sold 43.290 shares, and Yarbrough Capital 16,968 shares.

Tiger Global, however, reduced its stake in the company by around 70% and now holds 836,597 shares.

The Securities Filings or 13-Fs which are also known as securities filings are one of few ways that the public can see which hedge funds and institutional investors have what in their portfolios. However, these documents are not forward-looking and don’t reveal current positions.

ARK Innovation was the ETF that Wood managed. It added slightly more Than 1.5 Million Coinbase shares during the quarter. According to securities filings, this is the largest fund of its kind. As of March 31, the fund held slightly less than 7,000,000 shares. The company’s shares make up the fund’s 10th largest position.