Citigroup significantly increased its positions in Tesla and Russell 2000 ETF put options in Q3, while reducing its holdings in Microsoft

Zhitong
2024.11.18 07:47
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Citigroup's total market value of holdings reached USD 173 billion in the third quarter of 2023, an increase of 11% quarter-on-quarter. The quarter saw the addition of 394 new stocks, an increase in holdings of 3,271 stocks, a reduction in holdings of 1,444 stocks, and the complete liquidation of 288 stocks. Among the top ten holdings, the put options on the Russell 2000 Index ETF were the largest position, holding approximately 27.66 million shares, with a market value of about USD 6.111 billion. The holding in Microsoft decreased to approximately 9.06 million shares, with a market value of about USD 3.899 billion

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), Wall Street giant Citigroup submitted its third-quarter U.S. stock holdings report (13F) for the period ending September 30, 2024.

Statistics show that Citigroup's total market value of holdings in the third quarter reached $173 billion, up from $156 billion in the previous quarter, an increase of 11%. In the third quarter, Citigroup added 394 new stocks to its portfolio, increased its holdings in 3,271 stocks, reduced its holdings in 1,444 stocks, and completely sold out of 288 stocks. The top ten holdings accounted for 20.76% of the total market value.

In the top five holdings, the Russell 2000 Index ETF put options (IWM.US,PUT) ranked first, with approximately 27.66 million shares held, a market value of about $6.111 billion, accounting for 3.54% of the portfolio, an increase of 13.53% from the previous quarter.

The Nasdaq 100 Index ETF put options (QQQ.US,PUT) ranked second, with approximately 12.35 million shares held, a market value of about $6.029 billion, accounting for 3.49% of the portfolio, a decrease of 3.02% from the previous quarter.

Nvidia (NVDA.US) ranked third, with approximately 38.31 million shares held, a market value of about $4.652 billion, accounting for 2.69% of the portfolio, an increase of 2.78% from the previous quarter.

Apple (AAPL.US) ranked fourth, with approximately 17.72 million shares held, a market value of about $4.129 billion, accounting for 2.39% of the portfolio, an increase of 2.09% from the previous quarter.

Microsoft (MSFT.US) ranked fifth, with approximately 9.06 million shares held, a market value of about $3.899 billion, accounting for 2.26% of the portfolio, a decrease of 3.40% from the previous quarter.

The sixth to tenth largest holdings are: Nasdaq 100 Index ETF call options (QQQ.US,CALL), Amazon (AMZN.US), Russell 2000 Index ETF call options (IWM.US,CALL), Tesla (TSLA.US), and SPDR S&P 500 ETF put options (SPY.US,PUT).

In terms of changes in holding proportions, the top five purchased stocks are: Industrial Select Sector SPDR Fund put options (XLI.US,PUT), Industrial Select Sector SPDR Fund call options (XLI.US,CALL), Caterpillar (CAT.US), Tesla, and Apple put options The top five sold targets are: Nasdaq 100 Index ETF call options, Microsoft, Nasdaq 100 Index ETF put options, Bond Index ETF - iShares iBoxx Investment Grade Corporate Bond call options (LQD.US, CALL), and Russell 2000 Index ETF (IWM.US).

Citigroup established positions in 2x long Tesla ETF (TSLL.US), Alibaba call options (BABA.US, CALL), etc., and liquidated positions in Ciena call options (CIEN.US, CALL), Lowe's put options (LOW.US, PUT), etc

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