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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$689M |
| 2 |
Apple
AAPL
|
+$498M |
| 3 |
BHI
Baker Hughes
BHI
|
+$265M |
| 4 |
McKesson
MCK
|
+$211M |
| 5 |
Williams Companies
WMB
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$224M |
| 2 |
Verizon
VZ
|
+$191M |
| 3 |
MetLife
MET
|
+$189M |
| 4 |
LSI
LSI CORPORATION
LSI
|
+$189M |
| 5 |
Wells Fargo
WFC
|
+$182M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.34% |
| 2 | Consumer Discretionary | 7.93% |
| 3 | Energy | 7.85% |
| 4 | Technology | 5.91% |
| 5 | Industrials | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PES
2551
DELISTED
Pioneer Energy Services Corp.
PES
| $2.19M | ﹤0.01% |
125,077
-41,288
| -25% | -$619K |
|
2552
PUT
Designer Brands
DBI
$311M
| $2.19M | ﹤0.01% |
78,500
+40,000
| +104% | +$1.26M |
|
2553
CALL
Emerson Electric
EMR
$91B
| $2.19M | ﹤0.01% |
33,000
-37,800
| -53% | -$2.54M |
|
2554
Titan Machinery
TITN
$429M
| $2.19M | ﹤0.01% |
133,008
+5,391
| +4% | +$90.5K |
|
2555
Sysco
SYY
$39.7B
| $2.19M | ﹤0.01% |
58,378
-503,767
| -90% | -$18.5M |
|
|
S
2556
DELISTED
Sprint Corporation
S
| $2.18M | ﹤0.01% |
255,673
+79,773
| +45% | +$700K |
|
|
DANG
2557
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $2.18M | ﹤0.01% |
163,039
+98,547
| +153% | +$1.13M |
|
|
CMCSK
2558
CALL
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $2.18M | ﹤0.01% |
40,900
-126,600
| -76% | -$6.75M |
|
2559
Invesco DB Agriculture Fund
DBA
$1.24B
| $2.17M | ﹤0.01% |
+79,181
| New | +$2.24M |
|
|
QEP
2560
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $2.17M | ﹤0.01% |
62,900
+43,600
| +226% | +$1.38M |
|
2561
A.O. Smith
AOS
$8.45B
| $2.17M | ﹤0.01% |
87,434
-9,626
| -10% | -$231K |
|
2562
Pegasystems
PEGA
$5.31B
| $2.17M | ﹤0.01% |
205,010
-71,558
| -26% | -$685K |
|
2563
Matador Resources
MTDR
$6.64B
| $2.16M | ﹤0.01% |
73,858
+73,329
| +13,862% | +$1.94M |
|
2564
CALL
J.M. Smucker
SJM
$13B
| $2.15M | ﹤0.01% |
20,200
-8,500
| -30% | -$853K |
|
|
GES
2565
CALL
DELISTED
Guess Inc
GES
| $2.15M | ﹤0.01% |
79,700
+58,300
| +272% | +$1.58M |
|
2566
CALL
MGIC Investment
MTG
$6.39B
| $2.15M | ﹤0.01% |
232,500
+22,600
| +11% | +$196K |
|
2567
Ionis Pharmaceuticals
IONS
$9.51B
| $2.14M | ﹤0.01% |
62,192
+50,761
| +444% | +$1.6M |
|
|
XONE
2568
CALL
DELISTED
The ExOne Company
XONE
| $2.14M | ﹤0.01% |
54,100
+16,000
| +42% | +$498K |
|
2569
CALL
Expeditors International
EXPD
$24.2B
| $2.14M | ﹤0.01% |
48,500
-33,200
| -41% | -$1.43M |
|
2570
Archer Daniels Midland
ADM
$38.8B
| $2.14M | ﹤0.01% |
48,490
-1,457,404
| -97% | -$64.4M |
|
2571
CALL
Oneok
OKE
$59.9B
| $2.14M | ﹤0.01% |
31,400
+9,200
| +41% | +$582K |
|
|
NAVG
2572
DELISTED
Navigators Group Inc
NAVG
| $2.14M | ﹤0.01% |
63,734
-1,114
| -2% | -$34.2K |
|
|
ENDP
2573
PUT
DELISTED
Endo International plc
ENDP
| $2.14M | ﹤0.01% |
30,500
-9,900
| -25% | -$662K |
|
2574
Astec Industries
ASTE
$997M
| $2.13M | ﹤0.01% |
48,626
-1,531
| -3% | -$63.1K |
|
|
ZU
2575
CALL
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $2.13M | ﹤0.01% |
52,100
+5,400
| +12% | +$217K |
|
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Ken Griffin's Q2 2014 Portfolio in Review
As of Q2 2014, Ken Griffin held 8,883 positions worth $87.3B, up 2.3% from $85.3B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Ken Griffin withdrew a net $6.58B in Q2 2014, closing 936 positions and reducing 3,486 holdings. Its most notable exit was LSI CORPORATION, an estimated $189M position sold in full.
By sector, the portfolio is most concentrated in Financials at 8.3% of assets, down from 9% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Ken Griffin opened a new position in MEMORIAL RESOURCE DEV CORP COM STK (DE) worth $109M.
- Ken Griffin's largest Q2 2014 buy was MEMORIAL RESOURCE DEV CORP COM STK (DE): 4,494,314 shares worth $109M.
- Ken Griffin added most to State Street SPDR S&P 500 ETF Trust in Q2 2014, an estimated $689M increase.
- Ken Griffin's biggest Q2 2014 reduction was HILLSHIRE BRANDS CO, cutting an estimated $224M.
- Ken Griffin fully exited LSI CORPORATION in Q2 2014, selling an estimated $189M.
- Ken Griffin's ten largest holdings make up 17% of its $87.3B portfolio in Q2 2014.
- Ken Griffin opened 1,057 new positions and closed 936 in Q2 2014.
- Ken Griffin's portfolio value rose 2.3% quarter-over-quarter to $87.3B.
Based on Citadel Advisors's 13F filing for Q2 2014, filed 14 Aug 2014.