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Billionaire Ken Griffin’s High Dividend Stock Picks

Kenneth Griffin founded the Chicago-based investment firm Citadel LLC. He is also its CEO. Citadel’s group of hedge funds rank among the largest and most successful hedge funds in the world, and Ken Griffin has earned several billion dollars during his tenure at the company. As of 2011, he has an estimated net worth of $2.3 billion.

Ken Griffin CITADEL INVESTMENT GROUP

Below we compiled a list of stocks that are at least $2.5 Billion in Market Cap and have at least 3% dividend yield. These are Griffin’s holdings with at least $73 million invested at the end of June.

Ensco plc is a multinational oil and gas services company headquartered in London, United Kingdom. It is the world’s second-largest offshore oil and gas well drilling company, and has 49 offshore jack-ups, seven drill ships and 20 semi-submersible drilling rigs servicing domestic US, international, and scientific drilling markets. It has a dividend yield of 3.4% and lost 11.1% since the beginning of this year. It has a market cap of $10.56 billion and a P/E ratio of 16.02. Griffin held a $182 million position in ESV shares at the end of June. Steven Cohen doubled his position during the second quarter.

Microchip Technology is an American manufacturer of microcontroller, memory and analog semiconductors. It has a dividend yield of 4.12% and lost 1.96% since the beginning of this year. It has a market cap of $6.38 billion and a P/E ratio of 15.45. Griffin held a $168 million position in MCHP shares at the end of June. Jim Simons doubled his position and had $68 million invested in MCHP.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. It has a dividend yield of 4.04% and lost 13.99% since the beginning of this year. It has a market cap of $2.54 billion and a P/E ratio of 9.87. Griffin held a $99 million position in VR shares at the end of June. Steven Cohen largely increased his holding in VR by 22-fold and had $35 million invested in VR at the end of June.

AXIS Capital is the Bermuda-based holding company of the AXIS group of companies. AXIS Capital provides specialty insurance and treaty reinsurance on a worldwide basis through operating subsidiaries and branch networks based in Bermuda, the United States, Canada, the United Kingdom, Ireland, Switzerland, Australia and Singapore. It has a dividend yield of 3.57% and lost 25.26% since the beginning of this year. It has a market cap of $3.34 billion and a P/E ratio of 14.79. Griffin held a $99 million position in AXS shares at the end of June. Jim Simons initiated a brand new $6 million position in AXS during the second quarter.

Invesco Ltd. is an independent investment management company that is incorporated in Bermuda, headquartered in Atlanta, Georgia and has branch offices in 20 countries. It has a dividend yield of 3.03% and lost 24.59% since the beginning of this year. It has a market cap of $7.99 billion and a P/E ratio of 12.07. Griffin held a $92 million position in IVZ shares at the end of June.  Steven Cohen increased his holding of IVZ by 4-fold during the second quarter. D.E Shaw and Israel Englander also had large positions in IVZ shares.

Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions. It has a dividend yield of 3.05% and lost 0.69% since the beginning of this year. It has a market cap of $226.3 billion and a P/E ratio of 10.04. Griffin held an $81 million position in MSFT shares at the end of June. Bill Miller had more than $240 million invested in MSFT.

Kraft Foods Inc. is an American confectionery, food and beverage conglomerate. It had a dividend yield of 3.44% and returned 14.16% since the beginning of this year. It has a market cap of $61.57 billion and a P/E ratio of 19.92. Griffin largely increased his holding of KFT by 65-fold and held a $75 million position in KFT shares at the end of June. Warren Buffett had more than $3.5 billion invested in KFT shares.

ConAgra Foods, Inc. is a North American packaged foods company. ConAgra’s products are available in supermarkets, as well as restaurants and food service establishments. It has a dividend yield of 3.84% and returned 16.66% since the beginning of this year. It has a market cap of $10.53 billion and a P/E ratio of 14.45. Griffin held a $73 million position in CAG shares at the end of June. D.E Shaw had more than $13 million invested in CAG shares.

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