Citadel Investment Group’s Recent Moves Involve RF Micro Devices Inc (RFMD) and Take Two Interactive Software Inc. (TTWO)

Citadel Investment Group, managed by Ken Griffin, has revealed, in a couple of new filings with the Securities and Exchange Commission tweaking its holdings in RF Micro Devices Inc (NASDAQ:RFMD) and Take Two Interactive Software Inc. (NASDAQ:TTWO). The hedge fund has purchased an additional 8.17 million of  RF Micro Devices taking its total holding to 16.92 million shares representing 6% of the company’s common stock. Citadel has also informed the SEC that it has increased its holdings in Take Two Interactive Software to 4.91 million shares from 2.03 million shares held earlier. The hedge fund now holds a 5.0% stake in the company.

Ken Griffin with computers

RF Micro Devices Inc (NASDAQRFMD) designs and manufactures radio frequency solutions. Among the hedge funds tracked by us, Millennium Management, managed by Israel Englander held 1.11 million shares worth $6.28 million in the company. This was followed by Jacob Gottlieb’s Visium Asset Management with 1.07 million shares worth $6.03 million.

Take Two Interactive Software Inc develops, publishes and markets interactive entertainment across the globe. Its products can be used in gaming consoles, PCs as well as smartphones and tablets. The company recently declared financial results for the third quarter of fiscal 2014. The GAAP net revenues increased to $1.86 billion as compared to $415.8 million for the same period last year. As of December 31, 2013, the Company had cash and cash equivalents of $972.2 million. Among the hedge funds tracked by us Carl Icahn’s Icahn Capital Lp held 12.02 million shares worth $218.30 million, followed by Larry Robbins’ Glenview Capital with 4.27 million shares worth $77.65 million.

With more than $65 billion in its equity portfolio, Ken Griffin’s Citadel Investment group is one of the largest hedge funds in the world. The fund does not focus on any specific sector but seems to favor Technology, Services, Basic Materials and Financial Sectors. As per the latest 13F filings, the fund has invested $318.91 million in 1.88 million shares of EOG Resources Inc (NYSE:EOG). Apart from this investment, the fund has substantial holdings in Invesco Ltd (NYSE:IVZ) as well as Safeway Inc (NYSE:SWY). The fund held 9.84 million shares, worth $313.79 million, of Invesco and 9.15 million shares worth $292.67 million in Safeway, as per the details of its latest 13F filing.

Disclosure: None

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