Billionaire Ken Griffin Picks Up These 3 “Strong Buy” Stocks
28/2 03:16
When billionaire financier Ken Griffin makes a move, Wall Street pays attention. Griffin has a thirty-year history of market successes, which have built up his reputation as a champion stock picker and fund manager – and made him one of the world’s wealthiest men, with a fortune of approximately $20 billion. He started stock trading from his Harvard dorm room, and founded the Citadel fund in 1990. Today, Citadel has over $43 billion in assets under management.
A look at the last couple of years shows that Griffin has been able to buck downward trends for profit. In 2020, the ‘corona’ year, the S&P 500 gained 16%, while at the same time Griffin’s Citadel fund outperformed, showing an annual gain 24%. During this past January’s market swoon, when the S&P fell 5.3%, Citadel gained 4.7%.
Bearing this in mind, our focus shifted to Citadel's most recent 13F filing, which discloses the stocks the fund snapped up in the fourth quarter. Locking in on three tickers in particular, TipRanks’ database reve...