Citadel's new 5% passive stake signals institutional conviction but no near-term activist catalyst. Monitor for any subsequent 13D conversion or stake increases above 5%.
Price Chart
Executive Summary
Citadel (Citadel Securities GP LLC and affiliates, including Kenneth Griffin) filed a Schedule 13G disclosing a passive 5.0% stake in First Solar, Inc. as of September 30, 2026. The filing indicates no intent to influence control, consistent with a routine passive position. This is a new disclosure from Citadel; prior 13G filings in the past 62 days were from Jane Street Group and State Street Corp, not Citadel.
Key Financial Metrics
Key Facts
- Citadel Securities GP LLC and Kenneth Griffin each beneficially own 5,375,954 and 5,409,576 shares respectively, representing 5.0% of shares outstanding.
- Citadel Securities LLC holds 4,433,406 shares (4.1%).
- Citadel Advisors LLC holds 33,622 shares (0.0%).
- Stake based on 107,469,788 shares outstanding as of July 24, 2026 per issuer's Form 10-Q.
- Filed as a passive 13G under Rule 13d-1(b) — no activist intent.
- This is a new filing from Citadel; prior 13Gs from Jane Street Group and State Street Corp were filed in August 2026.
Financial Impact
5.0% passive stake valued at approximately $1.2 billion based on current market price (estimated ~$220/share).
Risk Factors
- Citadel could reduce or exit the position without public disclosure until next 13G filing.
- No indication of activist intent — passive filing limits near-term price catalyst.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-115968 |
| Document: 0001104659-26-115968-index-headers.html | 0001104659-26-115968 |
| Document: 0001104659-26-115968-index.html | 0001104659-26-115968 |
| Document: 0001104659-26-115968.txt | 0001104659-26-115968 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | SC 13G/A | $172.64 | awaiting T+60 | — | $175.85 (+1.86%) |
Oct 15, 2026 12d ago | SC 13G | $178.81 | awaiting T+60 | — | $175.85 (−1.66%) |
Oct 12, 2026 15d ago | Institutional Cluster | $179.72 | awaiting T+60 | — | $175.85 (−2.15%) |
Aug 18, 2026 10w ago | Insider Cluster | $220.01 | awaiting T+60 | — | $175.85 (−20.07%) |
Aug 12, 2026 10w ago | Insider Cluster | $223.69 | awaiting T+60 | — | $175.85 (−21.39%) |
Aug 5, 2026 11w ago | Insider Cluster | $244.14 | awaiting T+60 | — | $175.85 (−27.97%) |
Jun 1, 2026 21w ago | Insider Cluster | $303.00 $206.82 | ▼ −31.74% | ▼ −32.97% | $175.85 (−41.96%) |
May 15, 2026 23w ago | 3 | $233.64 $226.77 | ▼ −2.94% | ▼ −7.79% | $175.85 (−24.73%) |
May 5, 2026 25w ago | Insider Cluster | $218.00 $232.73 | ▲ +6.76% | ▲ +3.24% | $175.85 (−19.33%) |
May 5, 2026 25w ago | Insider Cluster | $218.00 $232.73 | ▲ +6.76% | ▲ +3.24% | $175.85 (−19.33%) |
US Market Status
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