Ken Griffin's Citadel Boosts Cypress Semiconductor & Hercules Offshore Stakes ~ market folly

Monday, June 18, 2012

Ken Griffin's Citadel Boosts Cypress Semiconductor & Hercules Offshore Stakes

Ken Griffin's investment firm Citadel has filed two 13G's with the SEC regarding its positions in Cypress Semiconductor (CY) and Hercules Offshore (HERO).

Cypress Semi

Their 13G filing indicates that Citadel owns a 5.21% stake in the company with 7,941,732 shares.  This marks a 42% increase in their position size since the end of March.  The filing was made due to activity on June 12th.  At the end of March, Citadel also owned various puts and calls on the name as well.

Per Google Finance, Cypress Semiconductor is "delivers high-performance, mixed-signal and programmable solutions. The Company operates in four segments: Consumer and Computation Division, Data Communications Division, Memory Products Division, and Emerging Technologies and Other.

The Company’s offerings include the flagship Programmable System-on-Chip (PSoC) families and derivatives, such as CapSense touch sensing and TrueTouch solutions for touchscreens. The Company is engaged in universal serial bus (USB) controllers, including the West Bridge solution that enhances connectivity and performance in multimedia handsets. In addition the Company operates in static random access memories (SRAMs) memory market and programmable timing devices. It serves markets, including consumer, mobile handsets, computation, data communications, automotive, industrial and military."

Hercules Offshore

Per the filing, Citadel has revealed a 5.08% ownership stake in the company with just over 8 million shares.  This marks around a 15% increase in their position size since the end of March.

It's also worth noting that in Citadel's most recent 13F (detailing positions as of March 31st), they disclosed ownership of various puts and calls on HERO as well.  Citadel's most recent disclosure was made due to portfolio activity on June 12th.

Per Google Finance, Hercules Offshore is "provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally. It provides these services to national oil and gas companies, integrated energy companies and independent oil and natural gas operators."

You can view additional recent portfolio activity from Citadel here.

blog comments powered by Disqus