Citi Q2 Holdings: Reduce holdings in NVIDIA, increase holdings in Apple, and sell various ETF options in large quantities
Citigroup's holdings report for the second quarter of 2024 showed a total market value of $156 billion, an increase of 2.6% from the previous quarter. The bank added 319 individual stocks, increased holdings in 2879 stocks, reduced holdings in 1846 stocks, and cleared out 372 stocks. Notable changes include reducing holdings in NVIDIA, increasing holdings in Apple and Microsoft, while significantly reducing sales of Nasdaq and iShares Russell 2000 Index ETF put options, with a reduction of nearly 20%
According to the disclosure from the U.S. Securities and Exchange Commission (SEC) obtained by Zhitong Finance and Economics APP, Citigroup Inc. submitted the second-quarter U.S. stock holding report (13F) as of June 30, 2024.
The statistical data shows that Citigroup's total market value of holdings in the second quarter reached approximately $156 billion, compared to around $152 billion in the previous quarter, representing a quarter-on-quarter growth of about 2.6%. The data indicates that Citigroup added 319 individual stocks to its portfolio in the second quarter, increased holdings in 2879 individual stocks, reduced holdings in 1846 individual stocks, and cleared out 372 individual stocks. Among them, the top ten holdings accounted for 22.2% of Citigroup's total U.S. stock market value, reflecting a relatively high total weight of the top ten holdings for Citigroup.
Citigroup reduced its holdings in NVIDIA and Google in the second quarter, and instead increased its holdings in Apple, Microsoft, and Broadcom. In addition, Citigroup significantly reduced its holdings in the Nasdaq 100 Index ETF put options and Russell 2000 Index ETF put options, with a reduction of nearly 20%.
Specifically, the Nasdaq 100 Index ETF put option (QQQ.US, PUT) ranked as Citigroup's largest holding, with approximately 12.74 million shares held, a holding market value of around $6.1 billion, accounting for 3.91% of the investment portfolio, a significant decrease of 18% from the previous quarter.
The Russell 2000 Index ETF put option (IWM.US, PUT) ranked as Citigroup's second largest holding, with approximately 24.37 million shares held, a holding market value of around $4.9 billion, accounting for 3.17% of the investment portfolio, a decrease of 22.09% from the previous quarter.
NVIDIA (NVDA.US) ranked third, with approximately 37.27 million shares held, a holding market value of around $4.6 billion, accounting for 2.95% of the investment portfolio, a decrease of 4.41% in holdings from the previous quarter.
Microsoft (MSFT.US) ranked fourth, with approximately 9.38 million shares held, a holding market value of around $4.2 billion, accounting for 2.69% of the investment portfolio, an increase of 10.11% in holdings from the previous quarter.
Apple (AAPL.US) ranked fifth, with approximately 17.36 million shares held, a holding market value of around $3.7 billion, accounting for 2.34% of the investment portfolio, an increase of 1.27% in holdings from the previous quarter.
Among the top ten heavy-weight stocks, the 6th to 10th rankings are: Nasdaq 100 Index ETF call option (QQQ.US, CALL), Amazon (AMZN.US), Broadcom (AVGO.US), Russell 2000 Index ETF call option (IWM.US, CALL), and Google (GOOGL.US)
From the perspective of changes in position ratios, the top five buying targets are: gambling industry giant Flutter Entertainment (PDYPF.US), Apple, Broadcom, Microsoft, and Amazon.
The top five selling targets are: iShares Russell 2000 Index ETF put options, Nasdaq 100 Index ETF call options, iShares Russell 2000 Index ETF call options, Nasdaq 100 Index ETF put options, iShares 20+ Year Treasury Bond ETF call options (TLT.US, CALL).
