Billionaire Ken Griffin’s +3% Yielders Include Apple Inc. (AAPL)

Page 1 of 2

Apple Inc. (NASDAQ:AAPL)We track quarterly 13F filings from hundreds of hedge funds, including billionaire Ken Griffin’s Citadel Investment Group. Even though the information in these filings is a bit old- the most recent 13Fs disclose many of a fund’s positions as of the end of March- there are still a few ways for investors to make use of it. We’ve found that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year (learn more about our small cap strategy) and think that other strategies are possible as well.

Individual filings from top managers can also be screened according to a variety of criteria, including higher-yielding stocks, so that investors can be made aware of potentially interesting prospects for further research. Read on for our thoughts on the five largest holdings in Citadel’s 13F portfolio which pay dividend yield of 3% or higher at current prices and dividend levels (or see the full list of stocks the fund reported owning).

The fund cut its stake in Apple Inc. (NASDAQ:AAPL) by 38% but the consumer technology company was still one of Citadel’s ten largest positions by market value at about 640,000 shares. Following the decline in Apple Inc. (NASDAQ:AAPL)’s share price- down 28% in the last year- it has managed to meet our criteria with a current yield of 3%. The stock trades at 10 times trailing earnings, and given its cash balance it looks to us like the market has already priced in further earnings declines. Apple Inc. (NASDAQ:AAPL) regained its place as the most popular stock among hedge funds from AIG in the first quarter of 2013 (check out the full top ten list).

CITADEL INVESTMENT GROUPGriffin and his team were also selling McDonald’s Corporation (NYSE:MCD) but owned 2.6 million shares at the end of March. The current yield here is 3.2%, and with investors generally positive on quick service restaurants the trailing P/E is 18 despite the fact that recent reports have shown an essentially stagnant business at McDonald’s Corporation (NYSE:MCD). Defensive investors would note the combination of yield and limited market exposure; the stock’s beta is 0.3. The Bill and Melinda Gates Foundation Trust had close to 10 million shares in its portfolio per its own 13F (research more stocks the trust owns).

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!