Billionaire Ken Griffin Piles Up Shares of Visa Inc. (V), Sherwin-Williams Co (SHW), Charter Communications, Inc. (CHTR) And More

salesforce.com, inc. (NYSE:CRM)

Citadel Advisors added 3.9 million shares of salesforce.com, inc. (NYSE:CRM) to its 13F portfolio during the final quarter of 2016, increasing its holding to 6.1 million shares worth $417 million. The stock has been surging from the moment the calendar flipped to 2017, having already returned more than 18%. Recently, the enterprise cloud computing solutions company acquired digital design firm Sequence, which will enable salesforce.com to improve its interface design across its online portfolio of properties. In the middle of 2016, the company also acquired Demandware Inc. for $2.85 billion. salesforce.com, inc. (NYSE:CRM) is guiding for fiscal 2017 revenue guidance in the range of $8.365 billion – $8.375 billion. Scott Ferguson‘s Sachem Head Capital initiated a position of 2.13 million shares of salesforce.com during the fourth quarter.

Sherwin-Williams Co (NYSE:SHW)

Citadel Advisors increased its holding in Sherwin-Williams Co’s (NYSE:SHW) by 1.5 million shares, after holding just 7,519 shares at the end of the third quarter. The position in now valued at $405 million. The company has agreed to buy rival paint maker Valspar for $113 per common share, with the transaction expected to close by the end of the first quarter of 2017. The acquisition will further strengthen its position as a global provider of paints and make it the world’s biggest coatings maker. Sherwin-Williams Co. (NYSE:SHW) reported fourth quarter earnings of $2.42 per share, exceeding the consensus of $2.21, while revenue of $2.78 billion was also better than the $2.69 billion consensus.

Charter Communications, Inc. (NASDAQ:CHTR)

During the fourth quarter, Citadel Advisors bought more than 1 million shares of Charter Communications, Inc. (NASDAQ:CHTR), increasing its total holding to 1.05 million shares with a value of $302 million. Charter Communications, Inc.’s (NASDAQ:CHTR)’s network reached 49 million businesses and homes as of the end of September 2016. For its third quarter, the company reported net income of $0.69 per share, besting the consensus estimate of $0.62. Verizon Communications Inc. (NYSE:VZ) is reportedly interested in pursuing an acquisition of Charter Communications, Inc. (NASDAQ:CHTR), which would add heavily on the company’s $110 billion debt load. During the last year, Charter merged with Time Warner Cable Inc (NYSE:TWC) and Bright House Networks to become a rapidly growing TV and internet provider.

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