Billionaire Ken Griffin’s Portfolio: Top 5 Stock Picks

2. IHS Markit Ltd. (NYSE:INFO)

Citadel Investment Group’s Stake Value: $448,332,000

Percentage of Citadel Investment Group’s 13F Portfolio: 0.09%

Number of Hedge Fund Holders: 64

IHS Markit Ltd. (NYSE:INFO) is a London-based information provider, and it was announced at the end of November 2020 that the company would be acquired by S&P Global Inc. (NYSE:SPGI) in a $44 billion deal. However, the merger is still pending and is expected to close in Q1 2022. IHS Markit Ltd. (NYSE:INFO) stock represents 0.09% of Ken Griffin’s Q3 portfolio, with the billionaire maintaining a $448.3 million position in the company. 

Earnings for the quarter ending August 2021 were reported by IHS Markit Ltd. (NYSE:INFO) on November 16. EPS in the period equaled $0.85, exceeding estimates by $0.02. The $1.18 billion revenue also outperformed estimates by $13.29 million. 

Matthew Halbower’s Pentwater Capital Management is the largest stakeholder of IHS Markit Ltd. (NYSE:INFO), with 8.63 million shares worth over $1 billion. Overall, 64 hedge funds were bullish on IHS Markit Ltd. (NYSE:INFO) in the third quarter, with total stakes valued at $6.72 billion. 

Here is what Artisan Mid Cap Fund has to say about IHS Markit Ltd. (NYSE:INFO) in its Q1 2021 investor letter:

“We ended our campaign in IHS Markit. IHS Markit is a global provider of information services to the financial services, automotive and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced in Q4 it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we exited our position as the combined entity will be well beyond our mid-cap market cap mandate.”