NEW YORK (Reuters] – Citadel, a hedge fund that manages a portfolio of flagship funds, posted a small increase last month. The year’s total gains are now 13%. That is significantly more than what the wider stock market has suffered in recent years.

Citadel, Ken Griffin said that investors saw a 0.23% increase in its Wellington multi-strategy fund when it ended flat. May’s small increase follows a more robust 7.45% gain in April when the S&P tumbled nearly 9%.

The S&P was off 13.3% in the first five months of 2022.

Griffin reported that Citadel Equities was up 6.6% over the first five month of this year. Griffin also stated that the Global Fixed Income fund has increased 14.35% while Griffin’s Tactical Trading portfolio is up 9.85% since January.

An official for the company declined to provide further information.

Citadel’s assets are $51 Billion. The firm’s profits place Citadel’s portfolios in striking contrast with those of other hedge funds like Tiger Global, which is one of the biggest in the industry.

According to Hedge Fund Research data, the HFRX Equity Hedge Index dropped 3.31% over five months.