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 |
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 | 5.41% |
| 2 | Financials | 4.35% |
| 3 | Industrials | 4.03% |
| 4 | Healthcare | 3.98% |
| 5 | Consumer Discretionary | 3.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Teladoc Health
TDOC
$1.24B
| $6.92M | ﹤0.01% |
102,195
-105,726
| -51% | -$6.96M |
|
2527
PUT
Xerox
XRX
$407M
| $6.92M | ﹤0.01% |
231,400
+164,600
| +246% | +$5.16M |
|
|
CONN
2528
PUT
DELISTED
Conn's Inc.
CONN
| $6.92M | ﹤0.01% |
278,400
+174,700
| +168% | +$3.67M |
|
2529
CALL
Lumentum
LITE
$82.1B
| $6.92M | ﹤0.01% |
129,200
-109,100
| -46% | -$6.15M |
|
2530
Liberty Global Class A
LBTYA
$3.57B
| $6.9M | ﹤0.01% |
278,928
-17,645
| -6% | -$471K |
|
2531
CALL
Neurocrine Biosciences
NBIX
$15.5B
| $6.88M | ﹤0.01% |
76,400
-8,000
| -9% | -$747K |
|
|
LSI
2532
PUT
DELISTED
Life Storage, Inc.
LSI
| $6.88M | ﹤0.01% |
97,950
-162,750
| -62% | -$11.1M |
|
2533
CALL
ProShares UltraPro S&P 500
UPRO
$5.82B
| $6.88M | ﹤0.01% |
249,000
-106,800
| -30% | -$2.92M |
|
2534
CALL
Vipshop
VIPS
$6.81B
| $6.88M | ﹤0.01% |
771,300
-6,400
| -0.8% | -$52.3K |
|
2535
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $6.88M | ﹤0.01% |
254,593
+137,886
| +118% | +$3.73M |
|
2536
iShares S&P 500 Value ETF
IVE
$50.3B
| $6.87M | ﹤0.01% |
57,665
+47,314
| +457% | +$5.55M |
|
2537
Amkor Technology
AMKR
$14.7B
| $6.86M | ﹤0.01% |
753,944
+234,693
| +45% | +$2.01M |
|
2538
Virtus Investment Partners
VRTS
$1.13B
| $6.86M | ﹤0.01% |
62,055
+30,161
| +95% | +$3.24M |
|
2539
CALL
Axalta
AXTA
$7.99B
| $6.86M | ﹤0.01% |
227,500
+177,600
| +356% | +$5.24M |
|
2540
Ferrari
RACE
$72.9B
| $6.86M | ﹤0.01% |
44,498
-11,133
| -20% | -$1.78M |
|
2541
Voyager Therapeutics
VYGR
$201M
| $6.85M | ﹤0.01% |
398,247
+255,536
| +179% | +$5.36M |
|
2542
Oil States International
OIS
$539M
| $6.83M | ﹤0.01% |
513,845
+464,828
| +948% | +$6.69M |
|
2543
PUT
Energy Transfer Partners
ET
$72.5B
| $6.83M | ﹤0.01% |
522,400
+65,400
| +14% | +$912K |
|
2544
CALL
Darden Restaurants
DRI
$25.6B
| $6.82M | ﹤0.01% |
57,700
-51,500
| -47% | -$6.28M |
|
2545
CALL
iShares MSCI United Kingdom ETF
EWU
$4.13B
| $6.81M | ﹤0.01% |
216,700
+100,000
| +86% | +$3.12M |
|
2546
The Greenbrier Companies
GBX
$1.41B
| $6.81M | ﹤0.01% |
226,034
+163,475
| +261% | +$4.41M |
|
2547
CALL
AngloGold Ashanti
AU
$48.7B
| $6.8M | ﹤0.01% |
372,000
+22,000
| +6% | +$437K |
|
|
COHR
2548
CALL
DELISTED
Coherent Inc
COHR
| $6.79M | ﹤0.01% |
44,200
-9,100
| -17% | -$1.32M |
|
2549
PUT
Chemours
CC
$2.39B
| $6.78M | ﹤0.01% |
453,900
+52,000
| +13% | +$846K |
|
2550
Principal Financial Group
PFG
$24.4B
| $6.78M | ﹤0.01% |
118,611
-111,798
| -49% | -$6.29M |
|
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Ken Griffin's Q3 2019 Portfolio in Review
As of Q3 2019, Ken Griffin held 10,267 positions worth $212B, down 2.8% from $218B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Ken Griffin withdrew a net $9.1B in Q3 2019, closing 1,180 positions and reducing 3,668 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 5.4% of assets, down from 5.6% a quarter earlier, followed by Financials and Industrials.
Against the trend, Ken Griffin opened a new position in KKR & Co worth $200M.
- Ken Griffin's largest Q3 2019 buy was KKR & Co: 7,452,706 shares worth $200M.
- Ken Griffin added most to Verizon in Q3 2019, an estimated $531M increase.
- Ken Griffin's biggest Q3 2019 reduction was Adobe, cutting an estimated $381M.
- Ken Griffin fully exited Red Hat Inc in Q3 2019, selling an estimated $541M.
- Ken Griffin's ten largest holdings make up 20% of its $212B portfolio in Q3 2019.
- Ken Griffin opened 1,180 new positions and closed 1,180 in Q3 2019.
- Ken Griffin'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.