Citadel Ramps Up Trina Solar Stake ~ market folly

Thursday, February 7, 2013

Citadel Ramps Up Trina Solar Stake

Ken Griffin's hedge fund firm Citadel has filed a 13G with the SEC on shares of Trina Solar (TSL).  Per the filing, Citadel now owns 6.2% of the company with 252,438,400 shares. 

This is a markedly increased position for the hedge fund as they only owned just over 22,000 American Depository Receipts (ADR) of the company back at the end of the third quarter.  This new disclosure was required due to portfolio activity on February 1st.

Per Google Finance, Trina Solar is "an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia. The Company produces standard monocrystalline photovoltaic (PV) modules ranging from 165 Watts to 185 Watts in power output and multicrystalline PV modules ranging from 215 Watts to 240 Watts in power output. Trina sells and markets its products worldwide, including in a number of European countries, such as Germany, Spain and Italy."

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