Ken Griffin And Citadel Further Increase Stake In PHH Corporation (PHH)

Ken Griffin is still optimistic about the prospects of PHH Corporation (NYSE:PHHand has further increased his investment in the company. As reported in a recent filing with the Securities and Exchange Commission, Griffin and his fund, Citadel Investment Group, have upped their stake by 1.54 million shares, taking it to 5.51 million shares or 9.6% of the company’s common stock. At the end of June, Citadel and Griffin have more than doubled their holding of PHH Corporation (NYSE:PHH).

CITADEL INVESTMENT GROUP

Daniel Lewis, the manager of Orange Capital, is also a fan of PHH Corporation (NYSE:PHH) and has increased their holding of the stock by 3% during the first quarter of 2014. In its latest 13F filing, Orange Capital has reported ownership of 3.45 million shares. Emanuel J. Friedman is another manager who likes this stock, having initiated a new position for his fund during the same period. EJF Capital has built a 4.18 million shares position according to its latest 13F report. Larry Robbins, the manager of Glenview Capital, is also keeping tabs, with his fund reportedly holding 2.8 million shares.

Disclosure: none.

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

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

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands 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!