Reported 16 days ago
Billionaire Ken Griffin's Citadel recently reduced its stake in Palantir Technologies by 48%, redirecting funds into Chipotle Mexican Grill, which saw a significant stock split. Despite Palantir's popularity in the AI sector, Griffin's move reflects a disciplined approach to portfolio management, realizing profits from a high-flying stock while seizing opportunities in a temporarily undervalued restaurant chain. This shift indicates a recognition of shifting market dynamics, as Griffin seeks to balance valuation discipline with long-term positioning.
Source: YAHOO