Billionaire Ken Griffin’s Newest Stock Picks: ADT Corp (ADT), Gulfport Energy Corporation (GPOR)

Which other stocks found their way into Citadel’s portfolio?

Cobalt International Energy, Inc. (NYSE:CIE) was another new oil and gas play for Citadel; contrary to GPOR, CIE’s main exploration areas lie in the Gulf of Mexico and in offshore West Africa. The stock has suffered through the past twelve months, losing 22% of its value, with a significant drop occurring in January after the announcement of a 40mm share secondary public offering. Despite this, Wall Street is once again bullish on many of these smaller exploration companies, advocating accumulation and projecting much higher price targets for the future. Citadel initiated this position as a corporate bond purchase. Dallas-based HBK Investments made a similar debt investment in CIE (see the fund’s top five positions here).

Textron Inc. (NYSE:TXT) was the fifth-largest new addition to Citadel’s portfolio, comprising 0.07% of the fund’s assets. Also a bond purchase, Griffin devoted $43mm towards the fixed income investment. Textron operates in a wide number of industries, including defense, finance, and aerospace (Cessna jets, Bell helicopters). The company’s recent Q4 2012 earnings announcement in January showed a slight miss on the surface, although net earnings gave a profit and revenue grew over the same quarter from last year. Billionaire Steve Cohen joins Griffin in holding TXT bonds (view SAC Capital Advisor’s full holdings here).

Disclosure: I do not own shares of any stocks mentioned in this article.