Billionaire Ken Griffin’s Portfolio: Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of billionaire Ken Griffin. If you want our detailed analysis of Griffin’s history, investment philosophy, and hedge fund performance, go directly to Billionaire Ken Griffin’s Portfolio: Top 10 Stock Picks.

5. Vulcan Materials Company (NYSE:VMC)

Citadel Investment Group’s Stake Value: $302,942,000

Percentage of Citadel Investment Group’s 13F Portfolio: 0.06%

Number of Hedge Fund Holders: 43

Vulcan Materials Company (NYSE:VMC), an Alabama-based distributor of construction materials, is one of the top stock picks of Ken Griffin from the third quarter, with the billionaire holding a $303.94 million position in the company, which represents 0.06% of his total investments. 

Brandon Haley’s Holocene Advisors is one of the leading Vulcan Materials Company (NYSE:VMC) stakeholders as of Q3 2021, with 1.46 million shares worth $248.5 million. Overall, 43 funds in the database of 867 elite hedge funds monitored by Insider Monkey were long Vulcan Materials Company (NYSE:VMC) in the third quarter, with total stakes valued at $1.92 billion. 

Vulcan Materials Company (NYSE:VMC), on November 4, reported its Q3 results. EPS in the period equaled $1.54, missing estimates by -$0.11. The $1.52 billion quarterly revenue jumped 15.77% from the prior-year quarter, exceeding estimates by $39.22 million. 

Stating that the company’s size and scale make it one of the best positioned construction materials companies, Argus analyst David Coleman on November 9 upgraded Vulcan Materials Company (NYSE:VMC) to Buy from Hold with a $240 price target. He noted that Vulcan Materials Company (NYSE:VMC) should benefit from economic conditions and the approval of the Biden administration’s new infrastructure plan. 

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