Billionaire Ken Griffin Is Loading Up on Nvidia and Tesla Stocks. Should You?

Any list of the greatest hedge fund managers of all time should include Ken Griffin. He founded Citadel Advisors in 1990. Today, Citadel ranks among the largest and most successful hedge funds in the U.S. And Griffin is worth around $46.7 billion, making him the 31st wealthiest person in the world. Unsurprisingly, the stocks Griffin buys and sells attract the interest of many investors. Citadel recently submitted its quarterly 13F filing to the U.S. Securities and Exchange Commission. We now know that Griffin is loading up on Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) stocks. Are these smart picks for other investors, too? In the third quarter of 2024, Griffin bought 4.7 million additional shares of Nvidia. This increased Citadel's stake in the chipmaker by a whopping 194%. Nvidia was the hedge fund's third-largest holding at the end of Q3.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool