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).


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

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