GOP Megadonor Ken Griffin’s Citadel Scores 77% Return On Palantir Regardless of Trimming Stake, Doubles Down On These 4 ‘Magazine 7’ Shares – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Billionaire investor, Ken Griffin’s hedge fund, Citadel Advisors LLC slashed its stake within the S&P 500’s top-performing inventory of 2024, however the place nonetheless grew 77% in worth throughout the fourth quarter. Citadel additionally adjusted its investments within the ‘Magnificent 7’ corporations, including 4 positions and decreasing three.

What Occurred: Listed below are the important thing adjustments in Citadel’s portfolio in line with the fourth quarter 13F filings.

Citadel reduce 13% of its Palantir Applied sciences Inc. PLTR holdings throughout the fourth quarter, however the shares held elevated in worth by $14.509 million or 77% throughout the quarter.

The fund elevated its stake in Class A and Class C of Alphabet Inc. GOOGL GOOG by 134% and 11%, respectively.

A 3-digit development was witnessed in its holdings of Apple Inc. AAPL, Meta Platforms Inc. META, and Amazon.com Inc. AMZN throughout the fourth quarter by Citadel.

Griffin’s fund slashed stakes in Tesla Inc. TSLA by 86%, Nvidia Corp. NVDA by 56% and Microsoft Corp. MSFT by 25%.

Firm	Holdings (as of Sept. 30)	Holdings (as of Dec. 31)	Change (in %)	Worth As Of Dec. 31
Palantir Applied sciences Inc.	508,086	441,755	-13%	$33.409 million
Alphabet Inc. (Class A)	585,738	1,372,475	134%	$259.809 million
Alphabet Inc. (Class C)	897,624	992,659	11%	$189.041 million
Apple Inc.	562,863	1,576,734	180%	$394.845 million
Meta Platforms Inc.	402,833	1,182,847	194%	$692.568 million
Amazon.com Inc.	467,938	3,666,567	684%	$804.408 million
Nvidia Corp.	7,122,535	3,128,677	-56%	$420.150 million
Microsoft Corp.	1,264,535	948,236	-25%	$399.681 million
Tesla Inc.	1,465,406	204,204	-86%	$82.465 million

Supply: 13F.data

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Why It Issues: The Alex Karp-led PLTR offers with offering entry to synthetic intelligence focusing on instruments to the federal government and army contracts. Nonetheless, the Griffin-led fund – Citadel reduce its publicity to Palantir within the third quarter as properly.

The fund had diminished its possession from 5.68 million shares to 508,086 shares within the third quarter — a 91% decline —bringing the stake’s worth to $18,900 as of Sept. 30. Nonetheless, PLTR went on to turn into the highest performer on the S&P 500 index with 356.15% return in 2024, in line with Benzinga Professional.

Equally, the fund had elevated its stake by 194% to a price of $864.96 million in Nvidia throughout the third quarter. This was slashed by 56% within the fourth quarter, valued at $420.150 million. This Jensen Huang-led firm was the highest performer among the many “Magnificent 7” shares in 2024.