Ken Griffin is a millionaire hedge fund manager, entrepreneur, and investor from the United States. In the financial world, he is known for launching Citadel Investment Group in 1990. During the 2008 financial crisis, his hedge firm experienced large losses, but recovered 62 percent of those losses the next year. In September, Wellington, Citadel Investment Group’s flagship fund, returned 7.8 percent. As of Q3 2021, Ken Griffin’s portfolio is worth about $481 billion. Information technology, banking, healthcare, industrials, and consumer discretionary are among the industries targeted for investment.
Here is Insider Monkey’s list of the top 10 stock picks of billionaire Ken Griffin. On October 28, Colgate-Palmolive Company released its third-quarter earnings. Revenue for the quarter was $4.41 billion, up 6.28 percent from the previous quarter. Berenberg analyst Fulvio Cazzol decreased the price target to $77 from $85, citing worries about mixed Q3 performance, supply chain problems, and rising inflation. IQVIA Holdings Inc. is a market leader in health information technology, clinical research, and data science technologies. Ken Griffin owns a $273.8 million interest in the company through Citadel Investment Group. Datadog, Inc. is a technology business that monitors databases and servers using a cloud-based data analytics platform. Ken Griffin, a billionaire, owns a $278.4 million stake in the company. DDog’s shares was upgraded from sector perform to outperform by RBC Capital analyst Matthew Hedberg. Ken Griffin’s top stock pick for the third quarter of 2021 is Capital One Financial Corporation. The quarterly revenue of $7.83 billion increased 6.08 percent year over year, topping expectations by about $381 million. On October 21, Danaher Corporation reported earnings for the third quarter of 2021, with an EPS of $2.39. The $7.23 billion revenue was above expectations by $226.84 million, representing a 22.88 percent increase over the previous quarter. For more details, click Top 10 Stock Picks Of Billionaire Ken Griffin.