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Citigroup Inc (C), Apple Inc. (AAPL), and Homebuilders: Ken Heebner And Crispin Odey Invest In The Same Stocks

Ken Heebner and Crispin Odey are making different changes to their positions in Whirlpool Corp. (NYSE:WHR). On one hand, Capital Growth Management increased its position in Whirlpool Corp. (NYSE:WHR) by 597,000 shares to 742,000 shares, which are valued at $149.93 million. On the other hand, Odey Asset Management reduced its stake in the company by 180,466 shares, ending the quarter with 252,408 shares worth $51.00 million. Whirlpool shares have dropped by 8% year-to-date and it seems that Crispin Odey has made the right move. The lower-than-expected results for the first quarter caused the company’s management to cut its earnings forecast for the current year. Whirlpool, which is the world’s largest home-appliances manufacturer, is expected to be impacted by the currency exchange rates and by the persistent weak demand in Brazil. Within our database, value investor Edgar Wachenheim’s Greenhaven Associates is by far the largest shareholder in Whirlpool Corp. (NYSE:WHR), owning 2.48 million shares.

Crispin Odey
Crispin Odey
Odey Asset Management Group

Both Ken Heebner and Crispin Odey have decreased their positions in Citigroup Inc. (NYSE:C), even though the size of these sell-offs differs quite a bit. Capital Growth Management reduced its stake in Citigroup by only 50,000 shares, reporting holding 4.04 million shares worth $208.14 million in its recent 13F filing. Meanwhile, Odey Asset Management reduced its position by 2.10 million shares, ending the quarter with 938,331 shares valued at $48.34 million. The shares of Citigroup have augmented by over 4% year-to-date despite suffering a significant plunge at the beginning of the year. Just recently, Citigroup acquired Brooks Brothers’ credit card accounts, which will boost the company’s growing list of retail credit cards. Some officials at Citigroup have claimed that this acquisition represents a significant relationship for Citi Retail Services and will continue the company’s momentum gained from other new partnerships and renewals. From the pool of over 700 hedge funds that we observe, Boykin Curry’s Eagle Capital Management is indisputably the largest investor in Citigroup Inc. (NYSE:C), with 26.35 million shares.

Last but not least, we’ll take a look at the positions of the two aforementioned investors in Apple Inc. (NASDAQ:AAPL). Ken Heebner opened a long position in Apple Inc. (NASDAQ:AAPL) during the most recent quarter, with 95,000 shares valued at $11.82 million. In the meantime, Crispin Odin decreased his stake in the tech giant by 24,689 shares, ending the quarter with 337,420 shares worth $41.98 million. Unsurprisingly, the shares of Apple have surged over 14% year-to-date thanks to its incredible success with the iPhone 6. The shipments of iPhone 6 continue to increase, which will most probably allow the company to set new financial records in the upcoming months. Additionally, the recently-launched Apple Watch, which is the first new product launch of the company over the last few years, is also unlocking new opportunities for the tech giant. Carl Icahn’s Icahn Capital LP is the largest investor in Apple Inc. (NASDAQ:AAPL), owning a sizable stake of 52.76 million shares.

Disclosure: None

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