Ken Griffin Citadel Advisors
Ken Griffin founded Citadel, one of the world’s largest and most successful hedge funds. Starting his trading career from his Harvard dorm room at a young age, Griffin quickly developed a keen sense for markets and built Citadel into a global powerhouse with billions in assets under management. Known for his quantitative and technology-driven strategies, Griffin has also made headlines for significant philanthropic contributions, supporting causes in education, the arts, and public institutions. Over the years, he has earned recognition as one of the preeminent figures in modern finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$615M |
| 2 |
Uber
UBER
|
+$551M |
| 3 |
Expedia Group
EXPE
|
+$523M |
| 4 |
PayPal
PYPL
|
+$452M |
| 5 |
Eaton
ETN
|
+$408M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$681M |
| 2 |
RTN
Raytheon Company
RTN
|
+$543M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$537M |
| 4 |
Charter Communications
CHTR
|
+$472M |
| 5 |
SPDR Gold Trust
GLD
|
+$464M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.14% |
| 2 | Financials | 4.52% |
| 3 | Industrials | 4.17% |
| 4 | Healthcare | 3.91% |
| 5 | Consumer Discretionary | 3.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
KKR & Co
KKR
$98.5B
| $161M | 0.07% |
5,523,971
-1,928,735
| -26% | -$54.9M |
|
227
Progressive
PGR
$122B
| $160M | 0.07% |
2,209,570
+1,745,365
| +376% | +$126M |
|
228
CALL
Intuitive Surgical
ISRG
$142B
| $160M | 0.07% |
810,300
-560,700
| -41% | -$105M |
|
229
CALL
FedEx
FDX
$76.8B
| $159M | 0.07% |
1,053,400
+138,600
| +15% | +$21.4M |
|
230
Equinix
EQIX
$105B
| $159M | 0.07% |
271,756
-172,500
| -39% | -$96.9M |
|
231
HP
HPQ
$26.2B
| $158M | 0.07% |
7,697,651
+2,758,460
| +56% | +$52.3M |
|
232
The Mosaic Company
MOS
$7.13B
| $158M | 0.07% |
7,278,819
-2,811,439
| -28% | -$55.7M |
|
233
CALL
ServiceNow
NOW
$128B
| $157M | 0.07% |
2,776,500
+843,500
| +44% | +$44.4M |
|
234
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44.1B
| $155M | 0.07% |
1,523,600
+21,100
| +1% | +$2.03M |
|
235
Entergy
ETR
$50.2B
| $155M | 0.07% |
2,587,430
-1,831,238
| -41% | -$108M |
|
236
State Street
STT
$52B
| $155M | 0.07% |
1,958,953
-378,570
| -16% | -$26.7M |
|
237
Boston Properties
BXP
$10.8B
| $154M | 0.07% |
1,120,172
+37,241
| +3% | +$5.02M |
|
238
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $154M | 0.07% |
1,206,500
-1,121,700
| -48% | -$143M |
|
239
PUT
CVS Health
CVS
$120B
| $154M | 0.07% |
2,077,000
-804,900
| -28% | -$56.5M |
|
240
Graphic Packaging
GPK
$3.5B
| $154M | 0.07% |
9,235,924
-1,130,756
| -11% | -$17.9M |
|
241
Centene
CNC
$33.1B
| $154M | 0.07% |
2,442,306
+793,157
| +48% | +$43M |
|
242
Marriott International
MAR
$92.8B
| $153M | 0.07% |
1,012,076
+554,290
| +121% | +$74.3M |
|
|
243
PUT
FedEx
FDX
$76.8B
| $153M | 0.07% |
1,013,300
-929,600
| -48% | -$143M |
|
|
SBNY
244
DELISTED
Signature Bank
SBNY
| $152M | 0.07% |
1,114,668
+6,292
| +0.6% | +$787K |
|
245
CALL
Starbucks
SBUX
$123B
| $152M | 0.07% |
1,728,200
+399,300
| +30% | +$34M |
|
246
Linde
LIN
$222B
| $152M | 0.07% |
711,733
-43,558
| -6% | -$8.78M |
|
|
XYZ
247
Block Inc
XYZ
$46.5B
| $151M | 0.07% |
2,407,267
-1,004,634
| -29% | -$64.2M |
|
248
CME Group
CME
$94.2B
| $151M | 0.07% |
749,809
-472,495
| -39% | -$96.9M |
|
249
PUT
iShares China Large-Cap ETF
FXI
$4.2B
| $150M | 0.07% |
3,441,500
+15,100
| +0.4% | +$629K |
|
|
XYZ
250
PUT
Block Inc
XYZ
$46.5B
| $150M | 0.07% |
2,395,800
-397,400
| -14% | -$25.4M |
|
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Ken Griffin's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Griffin held 10,299 positions worth $230B, up 8.7% from $212B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Griffin withdrew a net $8.18B in Q4 2019, closing 1,266 positions and reducing 4,117 holdings. Its most notable exit was Celgene Corp, an estimated $681M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.3% a quarter earlier, followed by Financials and Industrials.
Against the trend, Ken Griffin opened a new position in Interxion Holding N.V. worth $83.9M.
- Ken Griffin's largest Q4 2019 buy was Interxion Holding N.V.: 1,000,931 shares worth $83.9M.
- Ken Griffin added most to Amazon in Q4 2019, an estimated $615M increase.
- Ken Griffin's biggest Q4 2019 reduction was Raytheon Company, cutting an estimated $543M.
- Ken Griffin fully exited Celgene Corp in Q4 2019, selling an estimated $681M.
- Ken Griffin's ten largest holdings make up 23% of its $230B portfolio in Q4 2019.
- Ken Griffin opened 1,220 new positions and closed 1,266 in Q4 2019.
- Ken Griffin's portfolio value rose 8.7% quarter-over-quarter to $230B.
Based on Citadel Advisors's 13F filing for Q4 2019, filed 14 Feb 2020.