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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!