SCHEDULE 13G: Citadel Entities and Kenneth Griffin Disclose 6.2% Stake in RH
Beneficial Ownership Disclosure
A group of entities affiliated with Citadel and its founder, Kenneth Griffin, have disclosed a collective beneficial ownership of 6.2% in RH, primarily through shared voting and dispositive power.
Summary
- A Schedule 13G filing has been made by Citadel Securities GP LLC, Citadel Securities LLC, Citadel Securities Group LP, Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, and Kenneth Griffin (collectively, the "Reporting Persons").
- The filing discloses their beneficial ownership in RH, a company whose common stock is identified by CUSIP Number 74967X103.
- Kenneth Griffin, as the ultimate control person, is deemed to beneficially own 1,155,108 shares of RH, which represents 6.2% of the company's outstanding common stock.
- The beneficial ownership is characterized by shared voting power and shared dispositive power for all reported shares, with no sole voting or dispositive power held by any individual reporting person.
- The percentage of ownership is calculated based on 18,728,456 shares of RH common stock outstanding as of March 28, 2025, as reported in RH's Form 10-K filed on April 2, 2025.
- The reported shareholdings for the reporting persons are as of the opening of the market on April 9, 2025.
- The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of RH, nor in connection with any transaction having that purpose or effect, other than activities solely related to a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no subjective language, forward-looking statements, or performance data that would indicate a positive or negative sentiment. It is purely informational.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates that a significant institutional investor, Citadel, through its various entities and its founder Kenneth Griffin, has accumulated a notable stake in RH. Such filings provide transparency into large ownership positions, which can sometimes signal institutional confidence or strategic interest in a company. For RH, it means a prominent hedge fund now holds a material percentage of its outstanding shares.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in RH, which can be of interest to other investors.
- Company Management: Awareness of a large, active institutional investor holding a significant stake.
Key Dates
| Date | Description |
|---|---|
| 2023-10-13 | Date a power of attorney for Seth Levy to sign on behalf of Kenneth Griffin was filed as an attachment to a Schedule 13G for Allakos Inc. by Citadel Advisors LLC. |
| 2025-03-28 | Date of RH's shares outstanding (18,728,456) according to its Form 10-K. |
| 2025-04-02 | Date of event which requires filing of this statement; also the filing date of RH's Form 10-K. |
| 2025-04-09 | Date of filing of this Schedule 13G; also the date as of which the reported shares for the holdings of the reporting persons are stated. |
Keywords
RH, Restoration Hardware, Citadel, Kenneth Griffin, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment
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