All That Glitters Isn’t…Tiffany & Co. (TIF) Slumps On Weaker-Than-Expected Earnings

Ken Griffin’s Citadel Investment Group, the largest shareholder in Tiffany & Co. (NYSE:TIF) within our database, significantly increased its stake during the second quarter to a holding that consists of 2.19 million shares as of June 30. John Overdeck and David Siegel’s Two Sigma Advisors holds the number two position in Tiffany & Co. The investment firm owns a 370,976 share-position in the stock, which accounts for 0.26% of its latest 13F portfolio. At the same time, Sanford J. Colen’s Apex Capital established the biggest call position in Tiffany & Co. Apex Capital had a $36.83 million position of call options on the company at the end of the second quarter.

Considering the fact that the shares of Tiffany & Co. are down by over 20% year-to-date, and the smart money is quite bullish on the company, bottom-fishing investors should consider taking up a long position in this stock on its current weakness.

Disclosure: None