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
|
+$861M |
| 2 |
Apple
AAPL
|
+$417M |
| 3 |
JPMorgan Chase
JPM
|
+$350M |
| 4 |
T-Mobile US
TMUS
|
+$337M |
| 5 |
Aon
AON
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$603M |
| 2 |
Charter Communications
CHTR
|
+$504M |
| 3 |
Fidelity National Information Services
FIS
|
+$496M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$429M |
| 5 |
Baxter International
BAX
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.4% |
| 2 | Technology | 3.32% |
| 3 | Consumer Discretionary | 2.87% |
| 4 | Financials | 2.84% |
| 5 | Industrials | 2.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cognizant
CTSH
$26.4B
| $158M | 0.06% |
2,784,159
-1,012,068
| -27% | -$54.4M |
|
227
PUT
Chevron
CVX
$386B
| $158M | 0.06% |
1,770,800
+57,300
| +3% | +$5.13M |
|
228
CALL
Target
TGT
$69.2B
| $158M | 0.06% |
1,314,000
+427,100
| +48% | +$48.7M |
|
229
PUT
iShares MSCI EAFE ETF
EFA
$79.9B
| $157M | 0.06% |
2,587,100
-1,500
| -0.1% | -$86.7K |
|
|
HRC
230
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $157M | 0.06% |
1,431,456
+1,350,527
| +1,669% | +$141M |
|
231
PUT
Amgen
AMGN
$224B
| $155M | 0.06% |
659,000
-127,000
| -16% | -$29M |
|
232
CALL
Procter & Gamble
PG
$338B
| $155M | 0.06% |
1,297,800
+172,000
| +15% | +$20.1M |
|
233
Jazz Pharmaceuticals
JAZZ
$16.1B
| $154M | 0.06% |
1,398,764
+1,286,792
| +1,149% | +$142M |
|
234
VICI Properties
VICI
$28.6B
| $154M | 0.05% |
7,617,929
+4,580,826
| +151% | +$83.9M |
|
235
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
| $154M | 0.05% |
5,449,134
+5,192,738
| +2,025% | +$150M |
|
236
CALL
3M
MMM
$94.4B
| $154M | 0.05% |
1,177,223
-157,633
| -12% | -$19.9M |
|
237
PUT
Baidu
BIDU
$35.9B
| $153M | 0.05% |
1,278,900
-100,300
| -7% | -$10.7M |
|
238
Zillow
Z
$7.68B
| $152M | 0.05% |
2,636,843
+2,173,346
| +469% | +$108M |
|
239
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $151M | 0.05% |
1,385,700
+971,400
| +234% | +$101M |
|
240
CALL
Nike
NKE
$61.3B
| $151M | 0.05% |
1,541,300
-343,200
| -18% | -$31.7M |
|
241
PUT
Coca-Cola
KO
$372B
| $151M | 0.05% |
3,373,100
+1,001,500
| +42% | +$46.1M |
|
242
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $150M | 0.05% |
2,188,200
+1,118,400
| +105% | +$72.5M |
|
243
PUT
Spotify
SPOT
$103B
| $150M | 0.05% |
579,100
+272,500
| +89% | +$46.7M |
|
244
CALL
Texas Instruments
TXN
$257B
| $149M | 0.05% |
1,176,700
-218,700
| -16% | -$25.5M |
|
245
CALL
Delta Air Lines
DAL
$59.5B
| $149M | 0.05% |
5,324,500
+2,705,700
| +103% | +$68.8M |
|
246
PUT
VanEck Gold Miners ETF
GDX
$27.5B
| $149M | 0.05% |
4,066,300
+20,900
| +0.5% | +$687K |
|
247
CALL
Okta
OKTA
$26.1B
| $148M | 0.05% |
740,500
+194,100
| +36% | +$33M |
|
248
Alphabet (Google) Class A
GOOGL
$4.2T
| $148M | 0.05% |
2,080,820
+1,859,360
| +840% | +$125M |
|
249
CALL
Biogen
BIIB
$30.1B
| $147M | 0.05% |
550,400
-7,900
| -1% | -$2.37M |
|
250
Marvell Technology
MRVL
$191B
| $146M | 0.05% |
4,172,441
-3,287,515
| -44% | -$96.2M |
|
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Ken Griffin's Q2 2020 Portfolio in Review
As of Q2 2020, Ken Griffin held 11,014 positions worth $280B, up 26% from $222B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Griffin withdrew a net $9.91B in Q2 2020, closing 1,324 positions and reducing 3,586 holdings. Its most notable exit was Allergan plc, an estimated $603M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.4% of assets, down from 4% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Ken Griffin opened a new position in Becton Dickinson worth $266M.
- Ken Griffin's largest Q2 2020 buy was Becton Dickinson: 1,140,373 shares worth $266M.
- Ken Griffin added most to Amazon in Q2 2020, an estimated $861M increase.
- Ken Griffin's biggest Q2 2020 reduction was Charter Communications, cutting an estimated $504M.
- Ken Griffin fully exited Allergan plc in Q2 2020, selling an estimated $603M.
- Ken Griffin's ten largest holdings make up 32% of its $280B portfolio in Q2 2020.
- Ken Griffin opened 1,506 new positions and closed 1,324 in Q2 2020.
- Ken Griffin's portfolio value rose 26% quarter-over-quarter to $280B.
Based on Citadel Advisors's 13F filing for Q2 2020, filed 14 Aug 2020.