NEW YORK, June 6 (Reuters) - Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the broader stock market's double digit losses.
Citadel's multi-strategy Wellington fund had a modest rise in May and now boasts gains of 13% for the year.
Ken Griffin's Citadel told investors that the fund inched up 0.23% in May when the S&P 500 index (.SPX) ended flat. May's small increase follows a more robust 7.45% gain in April when the S&P tumbled nearly 9%.
The S&P was off 13.3% in the first five months of 2022.
Citadel Equities is up 6.46% for the first five months of the year, while the firm's Global Fixed Income fund is up 14.35% and its Tactical Trading portfolio has risen 9.85% since January, Griffin said.
A spokesman for the firm declined further comment.
Citadel manages $51 billion in assets and its gains place the firm's portfolios in sharp contrast to those of many other hedge funds, including Tiger Global - one of the industry's biggest firms. read more
AQR's Absolute Return is up 43.3% in the year, inking a gain of 5.5% last month, as the fund has benefited from the current macro environment.
The firm's Equity Market Neutral hedge fund has comfortably beaten the S&P in May, up 13.2% in the month. Its return in the year is positive 52.5%. AQR has $117 billion in assets under management.
The HFRX Equity Hedge Index fell 3.31% in the first five months of 2022, according to data provider Hedge Fund Research.
Reporting by Svea Herbst-Bayliss and Carolina Mandl; Editing by Emelia Sithole-Matarise, Bernard Orr
Our Standards: The Thomson Reuters Trust Principles.
FAQs
Citadel is now the most successful hedge fund ever after it made $16 billion last year — the biggest annual windfall on record. The Miami-based fund, founded and run by Ken Griffin, topped the 2022 ranking of the world's best-performing hedge funds based on estimates from LCH Investments NV.
What stocks are Citadel invested in? ›
Top 50 Citadel Advisors Holdings
| Stock | Company Name | % of Portfolio |
|---|
| TLT | Ishares 20+ Year Treasury Bond Etf | 0.64% |
| CRM | Salesforce.com | 0.59% |
| AVGO | Broadcom Inc Com | 0.58% |
| IWM | Ishares Russell 2000 Etf | 0.55% |
49 more rowsCitadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $50 billion in assets under management as of May 2022.
Is Citadel on the stock market? ›
Citadel Securities is an American market making firm headquartered in Miami. It is one of the largest market makers in the world, and is active in more than 50 countries. It is the largest designated market maker on the New York Stock Exchange.
...
Citadel Securities.
It makes up 3.15% of their stock portfolio and is their biggest holding. The investor owns 1.92% of the outstanding Netflix stock. The first Netflix trade was made in Q2 2013. Since then Ken Griffin bought shares 47 more times and sold shares on 37 occasions.
Is BlackRock owned by Citadel? ›
2022-11-14 - Citadel Advisors Llc has filed a 13F-HR form disclosing ownership of 1,907 shares of BlackRock, Inc. (US:BLK) with total holdings valued at $1,049,000 USD as of 2022-09-30. Citadel Advisors Llc had filed a previous 13F-HR on 2022-08-15 disclosing 128,516 shares of BlackRock, Inc.
How much Tesla does Citadel own? ›
2022-11-14 - Citadel Advisors Llc has filed a 13F-HR form disclosing ownership of 2,697,446 shares of Tesla Motors, Inc. (US:TSLA) with total holdings valued at $715,497,000 USD as of 2022-09-30.
What stocks are Citadel long on? ›
FirstEnergy Corp. (NYSE:FE), Chevron Corporation (NYSE:CVX), and Phillips 66 (NYSE:PSX) are three of the top Citadel stock holdings in the energy space among the fund's non-options based holdings.
What are citadels biggest Holdings? ›
Citadel Advisors LLC Holdings
- All.
- Manufacturing ($30.6 Billion)
- Information ($12.1 Billion)
- Finance and Insurance ($11.5 Billion)
- ($8.2 Billion)
- Retail Trade ($4.98 Billion)
- Mining, Quarrying, and Oil and Gas Extraction ($2.7 Billion)
- Utilities ($2.48 Billion)
Citadel competitors include DRW, BlackRock, Navient Corporation, Bridgewater Associates and Lazard.
Key Takeaways. Fidelity, Charles Schwab, and Citadel have teamed up to launch the first-of-its-kind cryptocurrency exchange. The exchange will be named EDX Markets and led by Jamil Nazarali, a former senior executive at Citadel Securities.
How many shares of Netflix does Citadel own? ›
Who owns Netflix?
| Fund or Company Name | Shares Held | Valued At |
|---|
| State Street Corporation | 17M | $3.9B |
| Citadel Advisors | 12M | $2.0B |
| Geode Capital Management | 7.7M | $1.4B |
| Polen Capital Management | 7.3M | $1.7B |
94 more rowsBut, according to Griffin, the big differentiator that has given Citadel a competitive advantage is the high level of collaboration and engagement of its staff, who all work in the same physical space.
Does Citadel own AMC stock? ›
on Meme Stock Resurgence. Ken Griffin's hedge fund owns both Bed Bath & Beyond and AMC, which have spiked in recent days.
How much money do you need to invest with Citadel? ›
Citadel Advisors Minimum Account Size
The minimum amount of investable assets required to invest in one of Citadel's funds is $10 million. The firm and its advisors may waive these minimums at their discretion, though.
Is Citadel Securities prestigious? ›
Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services. We're honored to be ranked #2 on the 2022 LinkedIn Top Companies list in Financial Services.
Who is Citadel owned by? ›
Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages roughly $57 billion in assets. He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. He put a satellite dish on the roof to get real-time stock quotes.
How are Citadel and Robinhood connected? ›
When Robinhood directs a transaction to one of these third parties, the market maker learns which security is being bought or sold before the trade happens. Citadel and other market makers pay Robinhood a small fee for this privilege, which gives the market-making firms information about retail trading patterns.”
Who is bigger Citadel or BlackRock? ›
BlackRock's brand is ranked #602 in the list of Global Top 1000 Brands, as rated by customers of BlackRock. Their current market cap is $108.30B. Citadel's brand is ranked #701 in the list of Global Top 1000 Brands, as rated by customers of Citadel. Their current valuation is $33.61M.
Is Costco owned by BlackRock? ›
The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.
Top 10 Owners of American Vanguard Corp
| Stockholder | Stake | Shares owned |
|---|
| Congress Asset Management Co. LLP | 2.68% | 792,520 |
| Cruiser Capital Advisors LLC | 2.64% | 779,954 |
| Heartland Advisors, Inc. | 2.43% | 718,076 |
| Geode Capital Management LLC | 1.68% | 496,944 |
6 more rowsThe estimated total pay for a Senior Talent Partner at Citadel is $212,400 per year.
Does Citadel own Etrade? ›
Citadel has been the largest shareholder of E*TRADE since late 2007, when we led a $2.5 billion cash infusion into the Company, saving E*TRADE from near certain failure.
Is Citadel a market maker? ›
The results reflect Citadel Securities' status as a giant in the industry, taking share from top banks and dominating the market-making business for stocks and options, particularly for retail investors. The firm has said it handles about 40% of all US retail trading volume and one in every four US equities trades.
Which stock is best for long time? ›
Best Long Term Stocks India: Overview
- 1) Reliance Industries. ...
- 2) Tata Consultancy Services (TCS) ...
- 3) Infosys. ...
- 4) HDFC Bank. ...
- 5) Hindustan Unilever.
Turnover is extremely high.
How hard is it to get into Citadel hedge fund? ›
Plenty of people want to work for Citadel and Citadel Securities. Few succeed. In an interview earlier this year, Matt Mitro, the head of graduate recruitment for both firms said that only 1% of applicants to both firms make it through.
What is the most successful hedge fund in the world? ›
The world's biggest hedge fund by a mile is Ray Dalio's Bridgewater Associates. At the time of this ranking, Bridgewater managed over $126 billion in assets for clients as wide ranging as university endowment funds, charities, and foreign country's central banks.
Is Citadel a quant hedge fund? ›
Best Quant Hedge Funds
Citadel/Citadel Securities is always near the top of the list for highest paying quant hedge funds that hire a large number of researchers and developers each year.
