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 | |
|---|---|---|---|---|---|---|
276
Lam Research
LRCX
$422B
| $132M | 0.06% |
5,694,850
+3,089,690
| +119% | +$64.9M |
|
277
Invesco QQQ Trust
QQQ
$487B
| $130M | 0.06% |
687,177
-279,754
| -29% | -$53M |
|
278
CACI
CACI
$14.8B
| $130M | 0.06% |
560,501
+110,583
| +25% | +$23.8M |
|
279
Microsoft
MSFT
$3.69T
| $129M | 0.06% |
925,314
-1,799,754
| -66% | -$247M |
|
280
CALL
Qualcomm
QCOM
$173B
| $128M | 0.06% |
1,683,900
-2,649,100
| -61% | -$199M |
|
|
WCG
281
DELISTED
Wellcare Health Plans, Inc.
WCG
| $128M | 0.06% |
493,505
+48,886
| +11% | +$13.5M |
|
282
TC Energy
TRP
$65.8B
| $128M | 0.06% |
2,464,545
+171,798
| +7% | +$8.58M |
|
283
Textron
TXT
$15.1B
| $127M | 0.06% |
2,600,609
+2,156,134
| +485% | +$105M |
|
284
Gilead Sciences
GILD
$171B
| $127M | 0.06% |
2,005,803
-720,956
| -26% | -$47.1M |
|
285
PUT
Lowe's Companies
LOW
$122B
| $127M | 0.06% |
1,153,000
+69,100
| +6% | +$7.29M |
|
|
KSU
286
DELISTED
Kansas City Southern
KSU
| $127M | 0.06% |
952,820
+921,180
| +2,911% | +$115M |
|
|
P
287
Everpure Inc
P
$39B
| $127M | 0.06% |
7,480,771
-274,095
| -4% | -$4.3M |
|
288
Zimmer Biomet
ZBH
$19B
| $126M | 0.06% |
948,494
+472,845
| +99% | +$61.1M |
|
|
289
PUT
Philip Morris
PM
$294B
| $126M | 0.06% |
1,657,200
+438,600
| +36% | +$34.8M |
|
290
PUT
PepsiCo
PEP
$192B
| $126M | 0.06% |
917,800
-218,300
| -19% | -$29M |
|
291
HCA Healthcare
HCA
$89.1B
| $126M | 0.06% |
1,043,099
-113,689
| -10% | -$14.7M |
|
292
PUT
Twilio
TWLO
$38.3B
| $125M | 0.06% |
1,140,900
+169,400
| +17% | +$22M |
|
|
BKI
293
DELISTED
Black Knight, Inc. Common Stock
BKI
| $125M | 0.06% |
2,051,610
+68,575
| +3% | +$4.25M |
|
294
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.67B
| $125M | 0.06% |
2,368,800
+242,300
| +11% | +$12.7M |
|
295
Polaris
PII
$3.91B
| $125M | 0.06% |
1,417,836
+699,323
| +97% | +$60.6M |
|
296
Lincoln National
LNC
$8.67B
| $125M | 0.06% |
2,067,380
+1,967,852
| +1,977% | +$118M |
|
297
Kraft Heinz
KHC
$30.1B
| $125M | 0.06% |
4,462,691
+328,836
| +8% | +$9.46M |
|
298
PUT
United Parcel Service
UPS
$89.8B
| $124M | 0.06% |
1,037,300
+161,400
| +18% | +$18.5M |
|
299
CALL
Mercado Libre
MELI
$92.7B
| $124M | 0.06% |
225,400
+18,700
| +9% | +$11.3M |
|
300
Old Republic International
ORI
$10.3B
| $124M | 0.06% |
5,270,251
+227,535
| +5% | +$5.19M |
|
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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.