HES - Billionaire Ken Griffin Is Buying These Dividend Stocks Hand Over Fist. Should You?
2024-05-24 05:50:00 ET
Who's the greatest living hedge fund manager? A good case can be made for Ken Griffin. Citadel, which he founded in 1990, is one of the biggest and most successful hedge funds. Griffin's net worth stands at nearly $38 billion, enough to land him the No. 42 spot among the wealthiest people in the world.
The billionaire investor doesn't need income from his stocks. However, that hasn't stopped him from buying these three dividend stocks hand over fist in the first quarter of 2024.
At the end of 2023, Hess (NYSE: HES) wasn't near the top of Citadel's largest holdings. The oil stock is now the hedge fund's third-largest position after Griffin increased its stake in Hess by nearly 18x.
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Billionaire Ken Griffin Is Buying These Dividend Stocks Hand Over Fist. Should You?