Citadel Investment Group was created by Ken Griffin in 1990. As of Q3 2021, the Chicago-based hedge fund’s portfolio was valued at $481 billion. The finance sector accounted for 21.08 percent of Griffin’s 13F securities in the third quarter. Wellington, the flagship fund of Citadel Investment Group, outpaced the market in September, gaining 7.8 percent for a year-to-date return of 18.5 percent. Griffin was a major investor in Cohesion, a privately held company that specializes in smart building and digital twin SaaS technology.
Insider Monkey highlights the 10 financial stocks to buy according to Ken Griffin’s Citadel Investment Group. On October 21, Blackstone Inc. released its third-quarter results. The company’s earnings per share for the quarter came in at $1.28, topping analysts’ expectations by $0.36. Revenue for the quarter was $3.04 billion, up 108.54 percent year over year. MetLife, Inc. is a major supplier of life insurance, annuities, and employee benefit plans in the United States. Pzena Investment Management is the company’s largest shareholder. On November 3, MetLife posted strong third-quarter results, with an EPS of $2.39, exceeding projections by $0.68. State Street Corporation is one of the major bank holding firms in the United States and the world’s largest custodian bank. Following the Q3 data, Citi analyst Keith Horowitz boosted his price target on State Street Corporation to $115 from $100. On October 28, Arthur J. Gallagher & Co. released its third-quarter results. Earnings per share came in at $1.33, which was $0.12 higher than expected. The company’s quarterly revenue increased 16.49 percent year over year to $2.11 billion. Ken Griffin’s holding in Global Payments Inc. rose by 15% in the third quarter. Orbis Investment Management is the company’s largest shareholder, with a $500 million investment. Revenue increased 14.57 percent year over year, beating expectations by $10.29 million. For more details, click 10 Financial Stocks To Buy According To Ken Griffin’s Citadel Investment Group.