I should have posted the question earlier.
From what I was able to find, every circle starts, by default, at the "3 o'clock" position and to change that we need to rotate the circle to the desired position.
Knowing this I was able to set the initial of the SVG by defining the rotate property and passing it a value.
Based to the code I shared above from Codepen the initial set of the SVG stayed like this:
var circleSVG = document.querySelector("#svg");
gsap.set('#circleWrap, #svg', {
xPercent:-50,
yPercent:-50,
rotate: -240
})
Hope this becomes helpful to someone .