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More than Meets the Eye in Citadel Filings

The Chicago hedge fund firm’s amendments to its quarterly filings seem to indicate a huge change in its holdings, but an analysis reveals something different.

It is not uncommon for hedge fund managers to revise earlier quarterly filings of stock holdings. Shareholder activists, especially, receive waivers from the Securities and Exchange Commission from time to time so they can quietly build stakes in companies before the general public finds out.        Kenneth Griffin, Citadel (Bloomberg) Other firms, like

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