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Ken Griffin Stock Portfolio: Top 10 Stock Picks

In this piece, we will take a look at the top ten stock picks of Ken Griffin and his hedge fund Citadel Investment Group. If you want to skip our introduction to the billionaire hedge fund boss and his firm, then take a look at Ken Griffin Stock Portfolio: Top 5 Stock Picks.

Ken Griffin’s Citadel Investment Group is one of the biggest hedge funds in the world. According to Insider Monkey’s research, the firm had $62 billion in assets under management as of June 2023, making it the ninth biggest hedge fund in the world. During the third quarter of last year, Citadel had an investment portfolio that was worth $466 billion which reflects the combined value of its direct investment positions such as shareholdings and the notional value of its put and call options along with other similar investments.

2023 started off on a strong note for Citadel as it became one of the best performing hedge funds in 2022 after the 2022 market turmoil. This turmoil saw major selloffs in the technology segment, and it led to some hedge funds bleeding billions of dollars in losses. In fact, we took a look at 2022 hedge fund performance as part of our coverage of the 15 Best Hedge Funds to Work For to rank the funds by the total gains that they had made since their inception and in 2022. This revealed that as a whole, the hedge fund industry had lost $208 billion in 2022, with Chase Coleman and Feroze Dewan’s Tiger Global faring off particularly worse as it accounted for 9% of the total losses. However, Mr. Griffin’s hedge fund was the best performing hedge fund in 2022 as it posted $16 billion in gains during 2022.

With 2023 now behind us, it’s time to take an updated look at Citadel’s fortunes. 2023 has been marked by consistent market volatility, as while the rise of AI pushed markets higher, uncertainty about the Federal Reserve’s future interest rate policy continued to bring them down. This volatility not only affected stocks, which started off the second half of 2023 on a weaker note, but also the bond market which has seen yields soar to record highs multiple times throughout this year. How has Citadel fared among all this? Well, the first half of 2023 wasn’t particularly fruitful for the firm at least if we analyze it from a purely growth based perspective. Data shows that between January and June 2023, Citadel’s trading revenue dropped by 35% annually to sit at $2.73 billion in 2023. However, things had stabilized by September, with news reports showing that during the month, Citadel Investment’s multi strategy long/short flagship fund Wellington posted 1.7% in gains during the month to bring its year to date gains to 12.3%. At the time, this had beaten the S&P 500 which was up by 11%.

Therefore, Citadel’s third quarter investment portfolio is particularly important to watch as the firm has nevertheless kept up with its 2022 performance to an extent through the Wellington fund’s September performance. During the quarter, the firm was busy buying stocks as it added significant new positions to its portfolio and increased the weightage of dozens of its old stakes as well. Some of Ken Griffin’s latest stock picks during the third quarter include bets on the healthcare sector via investments in Iterum Therapeutics plc (NASDAQ:ITRM) and Aeglea BioTherapeutics, Inc. (NASDAQ:AGLE); stakes in marine shipping through a half a million dollar stake in Euroseas Ltd. (NASDAQ:ESEA); and new positions in a multitude of exchange traded funds as well as a sizeable increase of its position in the U.S. automotive semiconductor firm indie Semiconductor, Inc. (NASDAQ:INDI).

Shifting gears to take a brief look at today’s stock market environment, stocks are considerably better these days after the inflation print for October missed estimates by 0.1%. Additionally, there might be further inflation drops in the not so distant future, as the U.S. Producer Price Index for October 2023 posted a 0.5% monthly drop which was its biggest drop in more than three years. This solidifies the prevailing narrative in the market that the Fed should be finished with its interest rate hiking cycle, but it also beckons a recession as a slow job market and declining fuel and producer prices are some of the earliest signs of an economic downturn.

As for Ken Griffin, he believes that a recession can take place in the U.S. during the second quarter of 2024. In a recent chat with Bloomberg, Griffin shared:

So here’s our best guess. Our best guess was sometime late this year. It’s November, so we’re going to be wrong on that guess. Q2 right now is roughly the center point of our distribution as to when we’re likely to see the United States in a recessionary environment. And I think there’s a couple of really important questions that will come into bear at that moment in time that should influence one’s view as to how deep this recession is going to be. Number 1 is what’s going to happen to the fiscal policy of the United States. For choice, we think next year fiscal policy will not tighten that much. We’re heading into a presidential election. It’s really hard for politicians on either side of the aisle. What we need to do, which is to reign in our deficit spending in front of a presidential election. It’s just going to be really hard politically to get there next year on that front.

The second real question next year is how much will companies start to unwind the labor hoarding that we’ve seen over the last couple of years. It’s been really hard to hire people. And as such large companies have been really reticent to let people go no matter what the circumstances are. So even if margins are contracting, even if you have gains from automation, people have been very reticent to let people go. Now we’re starting to see for the first time that unwinding of that labor hoarding. What we don’t know is how much of that labor hoarding as taken place.

With this backdrop, let’s take a look at some of Ken Griffin’s latest stock picks. The top three are NVIDIA Corporation (NASDAQ:NVDA), Boston Scientific Corporation (NYSE:BSX), and Microsoft Corporation (NASDAQ:MSFT).

Ken Griffin of Citadel Investment Group

Our Methodology

To compile our list of Ken Griffin’s latest stock picks, we used Citadel Investment’s Q3 2023 SEC filings and selected the top ten stocks.

Ken Griffin Stock Portfolio: Top 10 Stock Picks

10. The Home Depot, Inc. (NYSE:HD)

Citadel Investment’s Q3 2023 Investment: $591 million

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer headquartered in Atlanta, Georgia. The firm reported an all important third quarter earnings report in November 2023 due to its significance to U.S. consumer health. The corresponding earnings call ended on a positive note, as The Home Depot, Inc. (NYSE:HD)’s CFO shared that inflation is now behind us.

By the end of June 2023, 68 out of the 910 hedge funds tracked by Insider Monkey had invested in the company. The Home Depot, Inc. (NYSE:HD)’s largest shareholder in Q3 2023 was Ken Fisher’s Fisher Asset Management courtesy of its $2.6 billion investment.

The Home Depot, Inc. (NYSE:HD) joins Boston Scientific Corporation (NYSE:BSX), NVIDIA Corporation (NASDAQ:NVDA), and Microsoft Corporation (NASDAQ:MSFT) in our list of Ken Griffin’s latest and top stock picks.

9. Adobe Inc. (NASDAQ:ADBE)

Citadel Investment’s Q3 2023 Investment: $606 million

Adobe Inc. (NASDAQ:ADBE) is an American technology company that sells software products for public and professional use. It’s one of the biggest contenders to benefit from the current artificial intelligence wave, as its products such as design software can utilize AI to generate new ideas. Adobe Inc. (NASDAQ:ADBE)’s shares are also rated Strong Buy on average and analysts have set an average share price target of $616.

During Q2 2023, 109 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Adobe Inc. (NASDAQ:ADBE). Ken Fisher’s Fisher Asset Management owned the biggest stake in the firm which was worth $2.3 billion.

9. Merck & Co., Inc. (NYSE:MRK)

Citadel Investment’s Q3 2023 Investment: $687 million

Merck & Co., Inc. (NYSE:MRK) is a global healthcare company headquartered in Rahway, New Jersey. It scored a win in November 2023, when a European agency recommended the approval for its Keytruda drug to help patients with biliary tract cancer.

Insider Monkey took a look at 910 hedge fund holdings for their second quarter of 2023 investments and discovered that 78 had bought the firm’s shares. Merck & Co., Inc. (NYSE:MRK)’s largest hedge fund investor back then was Ken Fisher’s Fisher Asset Management as it owned 12.6 million shares that were worth $1.4 billion.

8. Comcast Corporation (NASDAQ:CMCSA)

Citadel Investment’s Q3 2023 Investment: $690 million

Comcast Corporation (NASDAQ:CMCSA) is an American media and entertainment giant. Despite a Hollywood strike as well as a tough economy, the firm has done well on the financial front lately as it has beaten analyst EPS estimates in all four of its latest quarters.

By the end of this year’s second quarter, 66 out of the 910 hedge funds profiled by Insider Monkey had invested in Comcast Corporation (NASDAQ:CMCSA). Jean-Marie Eveillard’s First Eagle Investment Management owned the biggest stake among these as it owned $1.3 billion worth of shares.

7. Apple Inc. (NASDAQ:AAPL)

Citadel Investment’s Q3 2023 Investment: $719 million

Apple Inc. (NASDAQ:AAPL) really needs no introduction. These days, the firm is under fire from lawmakers over its controversial decision to cancel Jon Steward’s television show from its streaming service due to content related to China.

As of June 2023 end, 135 out of the 910 hedge funds polled by Insider Monkey had bought and owned the firm’s shares. Apple Inc. (NASDAQ:AAPL)’s largest shareholder in the third quarter remained Warren Buffett’s Berkshire Hathaway which owned 915 million shares that are worth $156 billion.

NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Boston Scientific Corporation (NYSE:BSX), and Microsoft Corporation (NASDAQ:MSFT) are some of Ken Griffin’s top stock picks in Q3 2023.

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Disclosure: None. Ken Griffin Stock Portfolio: Top 10 Stock Picks is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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