Citadel Boosts Comstock Resources Stake, Starts Tilly's Positiion ~ market folly

Friday, May 11, 2012

Citadel Boosts Comstock Resources Stake, Starts Tilly's Positiion

Ken Griffin's investment firm Citadel has filed two separate 13G's with the SEC, both regarding purchasing activity.

Comstock Resources (CRK)

First, the hedge fund firm has revealed a 5.5% ownership stake in Comstock Resources (CRK) with 2,625,646 shares.   This marks a 250% increase in their position size since the beginning of the year.  The filing was made due to portfolio activity on May 4th.

Per Google Finance, Comstock Resources is "engaged in the acquisition, development, production and exploration of oil and natural gas. The Company’s oil and gas operations are concentrated in East Texas/North Louisiana, South Texas and West Texas. The Company’s consolidated proved oil and natural gas reserve base is 85% natural gas and 15% crude oil. Its proved reserves are 46% developed on a billion cubic feet equivalent basis as of 2011."

Tilly's (TLYS)

Citadel has also initiated a brand new stake in Tilly's (TLYS).  They've revealed a 7.9% ownership stake in the company with 724,681 shares due to activity on May 4th.  The company just completed its initial public offering (IPO) and so it appears as though Citadel participated in that.

Per Google Finance, Tilly's is "a specialty retailer of West Coast apparel, footwear and accessories. The Company has brands in action sports, music, art and fashion. The Company’s stores are designed to be an extension of its teen and young adult consumers’ lifestyles with a balance of guys and juniors merchandise."

You can check out more of Citadel's portfolio activity here.

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