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Ken Griffin, Citadel Also Disclose Boosting Their Holding in Taylor Morrison Home Corp (TMHC)

Ken Griffin and Citadel Investment Group have been bullish on Taylor Morrison Home Corp (NYSE:TMHC), a new filing with the SEC revealed. Citadel has increased its holding in the company to close to 1.8 million class A shares, up from some 895,100 shares disclosed in the fund’s latest 13F. Citadel’s position is passive by nature and amasses 5.5% of the company’s common stock.

Ken Griffin with computers

The stock of the homebuilder Taylor Morrison Home Corp (NYSE:TMHC) has declined by 10% since the beginning of the year. The company reported a net income worth $53.1 million, equal to $0.43 per share, which shows an increase from $42.6 million posted a year ago. Taylor Morrison had a revenue of $622.1 million from home closings which amounted to 1,606 in the third quarter, up by 83% on the year.

Aside from Citadel, several other hedge funds disclosed ownership of Taylor Morrison Home Corp (NYSE:TMHC) shares. The company went public in April, and several hedge funds initiated their positions in the company during the third quarter. Pennant Capital Management, managed by Alan Fournier revealed a $36.5 million stake, which amasses over 1.6 million shares. Mariko Gordon’s Daruma Asset Management holds 128,400 shares, with a reported value of $2.9 million.

Yesterday, Citadel also revealed increasing its stake in Finisar Corporation (NASDAQ:FNSR). The fund reported ownership of around 5.0 million shares, which represent 5.2% of the common stock, up from 2.7 million shares held at the end of September.

In Citadel’s equity portfolio, EOG Resources Inc (NYSE:EOG) represents the largest long position in terms of value. The stake amasses 1.9 million shares, worth $318.9 million. In Invesco Ltd. (NYSE:IVZ), and Safeway Inc. (NYSE:SWY), Citadel’s holdings amass 9.8 million shares, and 9.2 million shares respectively. The value of the positions amounts to $313.8 million, and $292.7 million respectively.

Disclosure: none

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