Big Moves in Tech: Why One Investor Bet Big on Some and Dumped Amazon

Ken Griffin, the CEO of Citadel Advisors, made significant investments in the tech sector during the last quarter. With a substantial net worth of $50.1 billion, Griffin is known for his strategic investments. Here's a breakdown of his moves:

Major Investments

• Microsoft: Griffin doubled down, adding nearly 2 million shares.
• Nvidia: Citadel acquired 1.73 million shares.
• Meta: The most surprising move was increasing the stake in Meta by a staggering 12,693%, making it the third-largest holding.

The Surprise Sell-Off

Despite Amazon's strong cloud service (AWS) and growing ad revenue, Griffin sold off 2.1 million shares, reducing his stake by nearly 40%. Possible reasons include:

• Portfolio Rebalancing: Griffin has held Amazon shares for years, and periodic adjustments are common.
• Growth Comparison: Amazon's growth might not be as rapid as its tech peers.
• Market Conditions: Amazon's stock dipped during Q3, which could have influenced the decision.

Strategic Insights

Griffin's investments highlight his keen eye for tech stocks. His strategy involves balancing risk and reward, adapting to market changes with precision.