Ken Griffin’s Citadel Is Piling Into These 5 Stocks

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 62 

Percentage Increase in Stake During Q4: 35%

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor manufacturer. Regulatory filings reveal that Citadel owned PUT options on over 1.5 million shares of Broadcom Inc. (NASDAQ:AVGO) at the end of December 2021 worth $1 billion, representing a very small portion of the portfolio. 

Broadcom Inc. (NASDAQ:AVGO) remains a top chip stock on Wall Street. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Cantillon Capital Management is a leading shareholder in Broadcom Inc. (NASDAQ:AVGO) with 1 million shares worth more than $669 million.

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Broadcom Inc. (NASDAQ:AVGO) was one of them. Here is what the fund said:

“A good way to conceptualize how we think about portfolio construction is to picture a pyramid. At the bottom of the pyramid are the durable compounding growth companies that form the strong foundation, resilience and consistency for the Strategy. We think these companies should comprise just under half of portfolio assets and feature annual revenue growth rates ranging from two times GDP up to 20% as well as healthy free cash flow generation.

Broadcom Inc. (NASDAQ:AVGO) has delivered similar long-term appreciation through a combination of organic growth, capital deployment into new and adjacent opportunities through merger and acquisition activity as well as returning capital to shareholders through buybacks and dividends.”