Billionaire Ken Griffin Sells Tesla Stock and Buys an Artificial Intelligence (AI) Stock Up 1,100% Since 2023 (Hint: Not Palantir)

Ken Griffin of Citadel Advisors is the most successful hedge fund manager in U.S. history as measured by net gains. Further, Citadel beat the S&P 500 (SNPINDEX: ^GSPC) by 9 percentage points during the last three years, which makes his portfolio a good place for individual investors to find inspiration.Griffin made several noteworthy trades during the second quarter. He sold shares of Tesla (NASDAQ: TSLA) for the fourth consecutive quarter, slashing an already-small position by 30%. He also added shares of Nvidia (NASDAQ: NVDA), increasing his position by 900% such that it now ranks as his second-largest holding.Interestingly, Nvidia has returned 1,100% since the artificial intelligence (AI) boom began in January 2023. But Griffin consistently sold the stock (reducing his exposure in seven of the previous eight quarters) before his big purchase in 2025's Q2. Citadel now has more money invested in Nvidia than at any point since 2022, suggesting Griffin was too quick to sell and has since realized his mistake.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool