Billionaire Ken Griffin Goes Bargain Hunting: 3 Stocks He Just Bought
Nearly everyone likes bargains. That's true no matter how much money you have. Even billionaires go bargain hunting at times.
We saw an example of this in the first quarter of 2024. Billionaire Ken Griffin bought several stocks for his Citadel hedge fund -- and you can bet he expected good returns on his investments. Here are three stocks Griffin bought in Q1 that rank among Citadel's largest holdings.
(NYSE: HES) ranked as Citadel's third-largest holding at the end of the first quarter. This lofty ranking was due to Griffin's aggressive buying of the oil stock. During Q1, he purchased over 8.8 million shares of Hess, increasing Citadel's stake by nearly 18x in the process.
Source Fool.com
Hess Corp. Stock
€137.98
-0.940%
Our community is currently low on Hess Corp. with 10 Buy predictions and 14 Sell predictions.
On the other hand, the target price of 168 € is above the current price of 137.98 € for Hess Corp., so the potential is actually 21.76%.
