Ken Griffin’s Citadel Investment Group Boosts Position in Liberty Interactive Corp (LINTA)

Citadel Investment Group, managed by Ken Griffin, has boosted its position in Liberty Interactive Corp (NASDAQ:LINTA). A new filing with the U.S. Securities and Exchange Commission showed that Citadel Investment holds 4.13 million Liberty Ventures series A common stock. The stake equates to 5.8% of class and is passive by nature. Previously, the hedge fund reported ownership of 1.06 million shares of Liberty Interactive Corp (NASDAQ:LINTA).

CITADEL INVESTMENT GROUP

Liberty Interactive Corp (NASDAQ:LINTA) operates and owns interests in a broad range of digital commerce businesses. Last month, the company announced that it completed the spin-off of Liberty TripAdvisor Holdings Inc. These two now operate as separate publicly traded companies.

Shares of Liberty Interactive Corp (NASDAQ:LINTA) traded up by 0.69% to $29.77 on Thursday. Analysts have the consensus average target price of $34.43 for stock, while the consensus average recommendation is ‘Buy.’

The largest shareholders of the company include FPR Partners, led by Bob Peck and Andy Raab, which holds 5.09 million shares, and Brahman Capital, managed by Peter Adam Hochfelder, which owns 8.0 million shares of the company.

Ken Griffin is a self-made billionaire and Citadel Investment Group is one of the largest funds in the world. Ken Griffin founded Citadel Investment Group, officially, on November 1, 1990. It had $4.2 million in assets under management. As of the end of 2013, the fund had grown to $16 billion in assets under management. Citadel’s main funds are called Kensington and Wellington. These funds returned almost 25% in 2012 and 19.4% in 2013.

In its latest 13F filing, Citadel Investment revealed more than 10,000 investments for the second quarter of 2014. The value of portfolio totaled more than $70 billion. Apple Inc. (NASDAQ:AAPL) is the represented as largest holding, in which the fund reported ownership of a $796.7 million stake, which contains 8.57 million shares. Second most valuable holding is Baker Hughes Incorporated (NYSE:BHI), in which Citadel upped its stake to 5.37 million shares, worth $400.1 million, from 1.57 million shares. Danaher Corporation (NYSE:DHR) is third largest holding, where the fund holds 4.42 million shares, up from 2.38 million shares held previously.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

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!