A Look At Citadel's Portfolio (ETFC, GOOG, AAPL, GPS)

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Citadel Investment Group is a global financial institution which operates a number of different businesses, including equity options market making, hedge fund administration, investment banking advisory, and a fund of funds business that deploys capital with unaffiliated managers. The firm was founded by Ken Griffin in 1990, and is based in Chicago. So what is Citadel banking on these days? According to SEC filings, Citadel's largest long equity position as of 3/31/2010 was E-Trade Financial
ETFC
, valued at around $274,098,026. Year to date, ETFC has lost 19.32% to $1.42. The firm's second largest holding was Google
GOOG
. According to their latest filing, Citadel owned 387,837 GOOG shares valued at $219,950,118 as of 3/31/10. The firm added 285,490 GOOG shares between 12/31/10 and 3/31/10. Citadel's third largest position is in shares of Apple Computer
AAPL
. The firm bought 91,057 AAPL shares between the beginning of 2010 and March 31st. As of their latest filing, they owned 729,347 AAPL shares valued at $192,794,940. It also appears that Citadel has been a massive buyer of Gap
GPS
between the fourth quarter of 2009 and the first quarter of 2010. During that time span, the firm added 4,320,010 GPS shares for a total of 6,356,083 valued at $146,889,082 as of their last filing. Year to date, GPS has gained 4.68% to $21.93.
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Posted In: Long IdeasHedge FundsTrading IdeasGeneralCitadel Investment GroupKen Griffin
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