Billionaire Ken Griffin Is Shifting His AI Bets. Here's What He's Buying and Selling.
The hedge fund's latest moves suggest a shift toward companies that are turning massive AI spending into tangible results.
Overview
Ken Griffin is one of the best-known investors in the world, having founded the hedge fund Citadel Advisors in 1990 and turnng it into one of the world's largest investment firms. Citadel currently has about $77 billion in assets under management and is one of the most profitable hedge funds of all time based on net gains since inception.
Citadel has a vast portfolio with more than 6,500 holdings, so it's interesting to get a glimpse of which companies it's most bullish on and which it's selling. One thing that I'm struck by from the most recent Form 13F with the Securities and Exchange Commission is a shift in Griffin's artificial intelligence (AI) investing strategy.
Citadel founder and CEO Ken Griffin. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.