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

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

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

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

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!