Analysis

Billionaire Ken Griffin Buys Massive Stake in Asset That’s Soared 124% This Year

Published

2 months ago

August 9, 2025

Billionaire investor Ken Griffin locations a big gamble on an organization that’s a lot better than expectations this 12 months.

By one submit With the US Securities and Alternate Fee (SEC), the Griffin hedge fund has taken over 3,824,329 shares of Niocorp Developments LTD (NB), an organization that promotes the event of crucial minerals in the US.

The Niocorp flagship mission in Nebraska desires to provide uncommon earth minerals similar to Niobium, Scandium and Titanium.

Citadel’s pursuits of NB symbolize 5.4% of its whole portfolio and 5.2% of the entire excellent shares.

NB, with a market capitalization of solely $ 229 million, acts at $ 3.16 after opening the 12 months for $ 1.41 in January – a revenue of 124% to this point.

The positioning of Citadel within the firm appears to underline a give attention to the power sector, given the latest victory over Chevron’s $ 53 billion takeover from competitor Hess Company.

Citadel Advisors, Adagage Capital and HBK Investments had been a part of a bunch of traders who wager on the acquisition as a part of a merger bitrage technique, which suggests the end result of a merger or acquisition, normally by taking lengthy and/or quick positions within the shares of the businesses concerned.

Citadel and HBK every had the equal of $ 1 billion in shares, in response to the most recent recordsdata of the businesses, says Bloomberg.

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