Citadel Upped Its Bet on SOFI Stock

Shares of SoFi (NASDAQ:SOFI) stock are down by more than 10% so far this year, although a major institutional investor just disclosed that it has increased its stake in the company. Yesterday was the fourth-quarter 13F deadline, revealing to the public institutional investments as of Dec. 31. During the quarter, Ken Griffin’s Citadel Advisors boosted its existing SoFi stake by 632%, picking up 3.92 million shares. Following the purchase, the multinational hedge fund now owns 4.55 million shares of SOFI stoc ...