Citadel and the Art of Revising 13Fs

The Chicago hedge fund firm makes a large number of filings on its positions, then revises them. Which explains why 13Fs often don’t tell the whole story.

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Kenneth Griffin, Citadel (Bloomberg)

’Tis the season for third-quarter 13F filings. As most investors and members of the financial media scrutinize the latest quarterly filings for nuggets of insights, several hedge funds are just now getting around to revising earlier filings.

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