Citadel executed 100 block trades totaling $4B; Wellington fund gained 6% in best month since 2022.

Griffin disclosed in a Friday letter that the firm executed nearly 100 block trades worth over 4 billion, including some of the year's largest intraday trades in 10 names. So they rapidly reduced exposure. The move followed a purchase that uh that they reportedly got at a 10% discount and Citadel's flagship Wellington fund posted its best month since 2022 with almost 6% in gains. Wall Street reactions varied with some guys like Gavin Baker estimating the original portfolio's gross exposure at 180 billion on heavy leverage. So, we talked about this, right? Like Ken basically bought the pico low from Leopold, rode the move up and then sold. So, I think a lot of people thought perhaps that, you know, maybe he was going to hold this all the way back to all-time highs. Clearly not. And my prediction after this big wash out was kind of like sideways into the end of the year on a lot of this stuff. And I think the fact that Citadel is taking 80% of the risk off the table leads me to believe that there's a good chance that these things don't just v reverse to new all-time highs, which I think a lot of people are assuming they're going to. I think sideways is more likely. But to be able to make 6%,