In this article, we discuss the 5 stocks that Ken Griffin’s Citadel Investment Group is loading up on. If you want to read our detailed analysis of the billionaire money manager and check out some of his other recent stock purchases, check out Billionaire Ken Griffin Is Loading Up on These 10 Stocks.
5. Southwest Gas Holdings, Inc. (NYSE:SWX)
Number of Hedge Fund Holders: 16
Percentage Increase in Stake During Q4: 13,832%
Southwest Gas Holdings, Inc. (NYSE:SWX) distributes and transports natural gas. Griffin wasn’t the only one interested in SWX in Q4, as other hedge funds were also piling into the stock. At the end of the fourth quarter of 2021, 16 of the hedge funds monitored by Insider Monkey’s database held stakes worth $359 million in Southwest Gas Holdings, Inc. (NYSE:SWX), up from 10 in the preceding quarter worth $161 million.
According to the latest 13F filings, Citadel owned 838,957 shares of Southwest Gas Holdings, Inc. (NYSE:SWX) at the end of December 2021 worth $58.7 million, representing 0.01% of its portfolio. The company has been in the Citadel portfolio since late-2017.
4. OrganiGram Holdings Inc. (NASDAQ:OGI)
Number of Hedge Fund Holders: 9
Percentage Increase in Stake During Q4: 16,171%
OrganiGram Holdings Inc. (NASDAQ:OGI) produces and sells cannabis and related products. Regulatory filings reveal that Citadel owned over 2.1 million shares of OrganiGram Holdings Inc. (NASDAQ:OGI) at the end of December 2021 worth $3.7 million, representing a very small portion of its total 13F portfolio.
The hedge fund sentiment around OrganiGram Holdings Inc. (NASDAQ:OGI) is growing more positive. At the end of the fourth quarter of 2021, 9 hedge funds held stakes worth $11 million in OrganiGram Holdings Inc. (NASDAQ:OGI), up from 6 in the preceding quarter worth $5 million.
3. The Gap, Inc. (NYSE:GPS)
Number of Hedge Fund Holders: 30
Percentage Increase in Stake During Q4: 19,793%
The Gap, Inc. (NYSE:GPS) is an apparel retail firm. Several elite hedge funds hold large stakes in the company, including Citadel. Among the hedge funds being tracked by Insider Monkey, New York-based firm Pzena Investment Management is a leading shareholder in The Gap, Inc. (NYSE:GPS) with 3.7 million shares worth more than $66 million as of the end of 2021.
The latest 13F filings show that Citadel owned over 1.8 million shares of The Gap, Inc. (NYSE:GPS) worth $33 million at the end of the fourth quarter of 2021. The company has featured in the Citadel portfolio, with minor breaks, since the fourth quarter of 2010.
2. DocuSign, Inc. (NASDAQ:DOCU)
Number of Hedge Fund Holders: 49
Percentage Increase in Stake During Q4: 20,790%
DocuSign, Inc. (NASDAQ:DOCU) provides cloud-based software. According to the latest data, Citadel owned 564,011 shares of DocuSign, Inc. (NASDAQ:DOCU) at the end of the fourth quarter of 2021 worth $85.9 million, representing 0.01% of its portfolio. The company has been in the Citadel portfolio since the third quarter of 2018.
DocuSign, Inc. (NASDAQ:DOCU) is also attracting the interest of other hedge funds. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in DocuSign, Inc. (NASDAQ:DOCU) with 6.9 million shares worth more than $1 billion.
In its Q2 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and DocuSign, Inc. (NASDAQ:DOCU) was one of them. Here is what the fund said:
“DocuSign provides electronic signature solutions. The firm reported an excellent quarter and investors have appreciated the strong growth combined with the excellent margins the company has posted. DocuSign has a long runway of growth ahead and we believe that it remains in a favorable position to continue gaining market share from traditional manual and paper-based signature solutions.”
1. Take-Two Interactive Software, Inc. (NASDAQ:TTWO)
Number of Hedge Fund Holders: 55
Percentage Increase in Stake During Q4: 83,255%
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) publishes interactive entertainment products. Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) owning 1.2 million shares worth more than $213 million as of the end of 2021.
Securities filings show that Citadel owned close to that amount, at just over 1.1 million shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) at the end of the fourth quarter of 2021 worth $207 million, representing 0.04% of its portfolio.
In its Q1 2020 investor letter, Sextant Mutual Funds, an asset management firm, highlighted a few stocks and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was one of them. Here is what the fund said:
“We mentioned the Xbox, but gamers also need games. We invested in Take-Two last year on the thesis that gaming demonstrates attractive long-term growth opportunities and online distribution would reduce costs and improve margins. With a ready-made excuse to spend eight hours in front of a screen in the basement, such online game delivery must have helped Take-Two.”
You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.
