Citadel builds 4.5% stake in Japanese railway operator Hankyu Hanshin
Citadel has accumulated a 4.5% stake in Japanese railway and real estate group Hankyu Hanshin Holdings, becoming its second-largest shareholder as the hedge fund expands its investment activities in Japan, according to a report by Bloomberg. The holding, disclosed in Hankyu Hanshin's semiannual report, was owned by Citadel's Multi-Asset Master Fund as of 30 September. The filing also revealed…
Citadel has increased its stake in Japanese railway and real estate firm Hankyu Hanshin Holdings to 4.5%, making it the second-largest shareholder, as the hedge fund intensifies its investments in Japan, according to Bloomberg. The ownership, disclosed in Hankyu Hanshin's semiannual report as of September 30, also includes a 1.5% stake held by Aya Nomura, daughter of influential Japanese activist investor Yoshiaki Murakami.
Hankyu Hanshin was formed in 2006 after Hankyu Holdings acquired Hanshin Electric Railway, a company previously targeted by Murakami. The company's shares surged by up to 3.7% in Tokyo following the disclosure, marking a 21% increase for 2026, surpassing the 21% gain of Japan's Topix index. This move aligns with Citadel's ongoing expansion in Japanese markets, which includes the acquisition of a local electricity trading business in 2024 and substantial capital investments in individual companies for high-conviction opportunities.
Hankyu Hanshin declined to comment on the investment, and the report did not disclose Citadel's future intentions regarding its stake.
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