Citadel Advisors Portfolio holdings
Citadel Advisors, founded in 1990 by Kenneth C. Griffin as Citadel LLC and headquartered in Chicago, Illinois, is one of the world’s most prominent hedge funds, managing tens of billions in assets through sophisticated quantitative trading strategies. The firm excels in market-making and high-frequency trading across asset classes like equities, fixed income, options, and commodities, leveraging cutting-edge technology and data analysis to generate returns. Citadel operates two main arms: its hedge fund business, which serves institutional and high-net-worth investors, and Citadel Securities, a leading market maker that facilitates a significant portion of U.S. equity and options trades. Known for its secretive, high-performance culture, Citadel has grown into a financial titan under Griffin’s leadership, influencing global markets with its scale and innovation.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$531M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$479M |
| 3 |
Charter Communications
CHTR
|
+$431M |
| 4 |
SPDR Gold Trust
GLD
|
+$431M |
| 5 |
RTN
Raytheon Company
RTN
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RHT
Red Hat Inc
RHT
|
+$541M |
| 2 |
Adobe
ADBE
|
+$381M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$355M |
| 4 |
Philip Morris
PM
|
+$339M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$317M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.29% |
| 2 | Financials | 4.31% |
| 3 | Industrials | 4.01% |
| 4 | Healthcare | 3.77% |
| 5 | Consumer Discretionary | 3.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
JPMorgan Chase
JPM
$955B
| $420M | 0.2% |
3,568,700
+224,400
| +7% | +$25.4M |
|
52
CALL
Wells Fargo
WFC
$270B
| $419M | 0.2% |
8,316,000
+2,445,000
| +42% | +$115M |
|
53
PUT
Shopify
SHOP
$187B
| $418M | 0.2% |
13,400,000
+1,897,000
| +16% | +$65M |
|
54
PUT
Visa
V
$688B
| $411M | 0.19% |
2,391,400
+208,300
| +10% | +$37.1M |
|
55
CALL
Walt Disney
DIS
$177B
| $405M | 0.19% |
3,105,500
-1,119,300
| -26% | -$155M |
|
|
56
CALL
Shopify
SHOP
$187B
| $401M | 0.19% |
12,862,000
+5,761,000
| +81% | +$197M |
|
57
CALL
Bank of America
BAC
$442B
| $392M | 0.18% |
13,433,400
+4,324,700
| +47% | +$124M |
|
58
General Motors
GM
$78.2B
| $385M | 0.18% |
10,269,599
+6,520,905
| +174% | +$251M |
|
59
CALL
Roku
ROKU
$21.8B
| $382M | 0.18% |
3,750,400
+1,455,200
| +63% | +$178M |
|
60
PUT
Walmart Inc
WMT
$894B
| $369M | 0.17% |
9,338,100
+1,732,500
| +23% | +$65.4M |
|
61
PUT
Costco
COST
$418B
| $369M | 0.17% |
1,279,300
+137,800
| +12% | +$38.8M |
|
62
United Airlines
UAL
$43.1B
| $368M | 0.17% |
4,166,803
+1,345,519
| +48% | +$119M |
|
63
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $367M | 0.17% |
1,237,641
+758,675
| +158% | +$224M |
|
64
ConocoPhillips
COP
$140B
| $363M | 0.17% |
6,366,916
+397,636
| +7% | +$22.6M |
|
|
AGN
65
DELISTED
Allergan plc
AGN
| $360M | 0.17% |
2,139,957
+337,582
| +19% | +$55M |
|
|
BNY
66
Bank of New York Mellon
BNY
$108B
| $350M | 0.16% |
7,735,722
+3,611,572
| +88% | +$161M |
|
|
67
CALL
JPMorgan Chase
JPM
$955B
| $346M | 0.16% |
2,942,400
+238,500
| +9% | +$27M |
|
68
Citigroup
C
$231B
| $344M | 0.16% |
4,976,340
-1,673,029
| -25% | -$114M |
|
69
PUT
VanEck Semiconductor ETF
SMH
$71.6B
| $338M | 0.16% |
5,676,000
-2,867,600
| -34% | -$166M |
|
70
Lyft
LYFT
$6.26B
| $334M | 0.16% |
8,177,722
+4,949,749
| +153% | +$270M |
|
71
CALL
AT&T
T
$158B
| $333M | 0.16% |
11,643,256
-426,196
| -4% | -$11.3M |
|
|
72
PUT
Adobe
ADBE
$103B
| $329M | 0.16% |
1,190,100
-340,900
| -22% | -$99.5M |
|
73
PUT
Broadcom
AVGO
$1.99T
| $328M | 0.15% |
11,896,000
+5,527,000
| +87% | +$157M |
|
74
Lowe's Companies
LOW
$123B
| $327M | 0.15% |
2,976,563
-948,017
| -24% | -$100M |
|
75
Micron Technology
MU
$1.01T
| $319M | 0.15% |
7,448,511
+1,035,768
| +16% | +$46.8M |
|
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Citadel Advisors's Q3 2019 Portfolio in Review
As of Q3 2019, Citadel Advisors held 10,267 positions worth $212B, down 2.8% from $218B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Citadel Advisors withdrew a net $9.1B in Q3 2019, closing 1,179 positions and reducing 3,669 holdings. Its most notable exit was Red Hat Inc, an estimated $541M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.3% of assets, down from 5.4% a quarter earlier, followed by Financials and Industrials.
Against the trend, Citadel Advisors opened a new position in KKR & Co worth $200M.
- Citadel Advisors's largest Q3 2019 buy was KKR & Co: 7,452,706 shares worth $200M.
- Citadel Advisors added most to Verizon in Q3 2019, an estimated $531M increase.
- Citadel Advisors's biggest Q3 2019 reduction was Adobe, cutting an estimated $381M.
- Citadel Advisors fully exited Red Hat Inc in Q3 2019, selling an estimated $541M.
- Citadel Advisors's ten largest holdings make up 20% of its $212B portfolio in Q3 2019.
- Citadel Advisors opened 1,181 new positions and closed 1,179 in Q3 2019.
- Citadel Advisors's portfolio value fell 2.8% quarter-over-quarter to $212B.
Based on Citadel Advisors's 13F filing for Q3 2019, filed 14 Nov 2019.