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 9 Most Dangerous Countries for Tourists to Visit

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations 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!