Were Hedge Funds Right Betting On These Finance Stocks in Q4?

#1 Citigroup Inc (NYSE:C)

-Hedge Funds with Long Positions (as of September 30): 121

-Aggregate Value of Hedge Funds’ Holdings (as of September 30): $10.32 billion

Shares of Citigroup Inc (NYSE:C) had a strong run in the period between February and July last year (up by around 25%), but gave up most of those gains in the highly volatile months of August and October. That decline also ensured that despite rising by 5.61% during the fourth quarter, they ended 2015 down by 5.63%. Although the number of funds covered by us that held shares of the company declined by five during the third quarter, the aggregate value of their holdings in the company declined by 14%. Ken Griffin‘s Citadel Investment Group boosted its stake in the company by 33% to 8.74 million shares during the third quarter.

Citigroup posted better-than-expected results for the fourth quarter of 2015, with EPS of $1.06 topping the estimates of $1.05 and revenue of $18.64 billion, above the $17.87 billion that analysts had expected.

Disclosure: None