We also need to specify that each wire has at most 60 Hz Ac 120 V nominal to ground, that the OCPD needs 40 A to trip, and that nothing but air is inside the circles.
I don't want to overcomplicate this. There is another factor that seems to matter...
What is the diameter of these circles? Are they all about 3 or 4" ovals?
If you are winding the wires around your finger into tight circles, that would make a difference compared to a single large loop.