Citadel Advisors LLC Increases Stake in Hawaiian Electric Industries Inc
On October 18, 2024, Citadel Advisors LLC (Trades, Portfolio), a prominent investment firm, executed a significant transaction by acquiring 9,143,758 shares of Hawaiian Electric Industries Inc (NYSE:HE). The shares were purchased at a price of $10.11 each, marking a strategic move by the firm to bolster its portfolio in this industry. Founded in 1990 by Kenneth Griffin with backing from Frank Meyer of Glenwood Partners, Citadel Advisors LLC (Trades, Portfolio) has grown from a modest $4.6 million in capital to a powerhouse with assets totaling approximately $176 billion.