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 | 5.29% |
| 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 | |
|---|---|---|---|---|---|---|
251
O'Reilly Automotive
ORLY
$74.3B
| $141M | 0.07% |
5,318,325
+5,249,460
| +7,623% | +$136M |
|
252
Boston Properties
BXP
$10.8B
| $140M | 0.07% |
1,082,931
+733,684
| +210% | +$95.3M |
|
253
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.7B
| $140M | 0.07% |
4,738,600
+743,400
| +19% | +$22.5M |
|
254
Dropbox
DBX
$7.32B
| $139M | 0.07% |
6,900,007
+6,621,730
| +2,380% | +$141M |
|
255
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $139M | 0.07% |
971,900
+306,900
| +46% | +$42.7M |
|
256
State Street
STT
$52B
| $138M | 0.07% |
2,337,523
+918,673
| +65% | +$50.9M |
|
257
CoStar Group
CSGP
$12.4B
| $138M | 0.06% |
2,318,490
+259,830
| +13% | +$15.6M |
|
258
PUT
JD.com
JD
$42.1B
| $137M | 0.06% |
4,865,200
-710,100
| -13% | -$21.4M |
|
|
FITB
259
Fifth Third Bancorp
FITB
$52.4B
| $137M | 0.06% |
4,994,860
-5,207,892
| -51% | -$143M |
|
260
PUT
iShares China Large-Cap ETF
FXI
$4.2B
| $136M | 0.06% |
3,426,400
+587,200
| +21% | +$23.8M |
|
261
NiSource
NI
$20.2B
| $136M | 0.06% |
4,539,688
+597,128
| +15% | +$17.5M |
|
262
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44.1B
| $135M | 0.06% |
1,502,500
+708,000
| +89% | +$64.6M |
|
|
263
CALL
JD.com
JD
$42.1B
| $135M | 0.06% |
4,795,800
-1,334,000
| -22% | -$40.3M |
|
264
Arrow Electronics
ARW
$10.7B
| $135M | 0.06% |
1,807,715
-26,820
| -1% | -$1.9M |
|
265
CALL
Ulta Beauty
ULTA
$23.1B
| $135M | 0.06% |
536,700
+351,700
| +190% | +$108M |
|
266
PUT
American Tower
AMT
$80B
| $134M | 0.06% |
607,000
-232,600
| -28% | -$50.8M |
|
267
Advanced Micro Devices
AMD
$796B
| $134M | 0.06% |
4,622,160
+3,105,870
| +205% | +$97.4M |
|
268
Autoliv
ALV
$8.85B
| $134M | 0.06% |
1,695,445
+1,443,104
| +572% | +$103M |
|
269
CALL
United Airlines
UAL
$40.7B
| $134M | 0.06% |
1,511,600
+705,100
| +87% | +$62.3M |
|
270
Restaurant Brands International
QSR
$26B
| $134M | 0.06% |
1,878,230
+1,836,753
| +4,428% | +$135M |
|
271
KeyCorp
KEY
$24.5B
| $134M | 0.06% |
7,483,981
-5,602,776
| -43% | -$96.9M |
|
272
TSMC
TSM
$2.23T
| $133M | 0.06% |
2,871,690
+845,576
| +42% | +$36.1M |
|
273
CALL
FedEx
FDX
$76.8B
| $133M | 0.06% |
914,800
-248,300
| -21% | -$40M |
|
274
Tyson Foods
TSN
$19.6B
| $133M | 0.06% |
1,538,828
+1,513,228
| +5,911% | +$129M |
|
|
SBNY
275
DELISTED
Signature Bank
SBNY
| $132M | 0.06% |
1,108,376
-237,457
| -18% | -$28.7M |
|
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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 5.3% of assets, down from 5.4% 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 1,181 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.