5 New Stocks for 2021: Qing Li’s Sciencast Management Portfolio

Page 5 of 5

1. Citigroup Inc. (NYSE:C)

Li’s Stake Value: $4,711,000

Percentage of Qing Li’s 13F Portfolio: 0.98%

Number of Hedge Fund Holders: 87

Citigroup Inc. is a US-based multinational financial services corporation and an investment bank that specializes in the provision of various financial products and services including consumer banking, corporate and investment banking, securities brokerage, and wealth management. Based on the latest 13F filings, Qing Li’s Sciencast Management owns 69,086 shares in Citigroup Inc. (NYSE: C) as of the second quarter of 2021 worth over $4.71 million.

Out of the hedge funds tracked by Insider Monkey, Crake Asset Management is a leading shareholder in Citigroup Inc. (NYSE: C) with a stake worth more than $66 billion. As of the second quarter of 2021, the company recorded an EPS of $2.84, beating the analysts’ estimate by $0.95.

In August, investment advisory Piper Sandler lowered the price target from $95 to $91 and maintained an Overweight rating on Citigroup Inc. (NYSE: C), underlining the strong second-quarter earnings results.

As of the second quarter of 2021, 87 hedge funds out of the 873 tracked by Insider Monkey held stakes in Citigroup Inc. (NYSE: C), compared to 90 in the previous quarter. The total value of these stakes is over $6 billion.

You can also take a peek at the 10 Penny Stocks With Long-Term Growth Catalysts and 5 Best Bank and Finance Stocks to Buy According to Mario Gabelli.

Page 5 of 5