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 | |
|---|---|---|---|---|---|---|
3051
CALL
Insulet
PODD
$9.94B
| $4.63M | ﹤0.01% |
28,100
+8,600
| +44% | +$1.21M |
|
3052
Maximus
MMS
$2.89B
| $4.62M | ﹤0.01% |
59,835
+9,171
| +18% | +$696K |
|
3053
Republic Services
RSG
$65.7B
| $4.61M | ﹤0.01% |
53,301
-171,243
| -76% | -$15M |
|
3054
Element Solutions
ESI
$9.46B
| $4.61M | ﹤0.01% |
453,050
+100,464
| +28% | +$988K |
|
3055
VanEck Biotech ETF
BBH
$424M
| $4.61M | ﹤0.01% |
39,034
+698
| +2% | +$86.8K |
|
3056
PUT
Liberty Global Class A
LBTYA
$3.57B
| $4.61M | ﹤0.01% |
186,200
-117,800
| -39% | -$3.14M |
|
3057
ProShares UltraPro S&P 500
UPRO
$5.82B
| $4.61M | ﹤0.01% |
166,728
+108,898
| +188% | +$2.98M |
|
3058
Assured Guaranty
AGO
$3.38B
| $4.6M | ﹤0.01% |
103,547
+96,598
| +1,390% | +$4.25M |
|
3059
PUT
Coty
COTY
$2.51B
| $4.6M | ﹤0.01% |
438,000
-484,400
| -53% | -$5.02M |
|
3060
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.18B
| $4.6M | ﹤0.01% |
85,839
+35,703
| +71% | +$1.87M |
|
3061
CALL
ProShares UltraShort QQQ
QID
$242M
| $4.59M | ﹤0.01% |
7,650
+2,105
| +38% | +$1.27M |
|
3062
Rogers Corp
ROG
$2.55B
| $4.59M | ﹤0.01% |
33,610
+20,511
| +157% | +$3.02M |
|
|
UNIT
3063
CALL
Uniti Group
UNIT
$2.43B
| $4.59M | ﹤0.01% |
591,700
-19,200
| -3% | -$159K |
|
|
CRON
3064
PUT
Cronos Group
CRON
$1.16B
| $4.59M | ﹤0.01% |
507,600
+209,700
| +70% | +$2.68M |
|
|
ADVM
3065
DELISTED
Adverum Biotechnologies
ADVM
| $4.58M | ﹤0.01% |
84,072
+82,199
| +4,389% | +$9.26M |
|
|
DERM
3066
DELISTED
Dermira, Inc.
DERM
| $4.58M | ﹤0.01% |
716,982
+497,647
| +227% | +$4.16M |
|
3067
PUT
Gossamer Bio
GOSS
$75.4M
| $4.58M | ﹤0.01% |
+272,800
| New | +$5.42M |
|
|
AKRX
3068
DELISTED
Akorn Inc
AKRX
| $4.57M | ﹤0.01% |
1,203,238
-1,514,816
| -56% | -$5.41M |
|
3069
ProShares UltraPro Short S&P 500
SPXU
$380M
| $4.57M | ﹤0.01% |
1,759
+390
| +28% | +$1.05M |
|
3070
CALL
Williams-Sonoma
WSM
$28.4B
| $4.57M | ﹤0.01% |
134,400
-122,000
| -48% | -$4.04M |
|
3071
Assembly Biosciences
ASMB
$671M
| $4.57M | ﹤0.01% |
38,710
+1,184
| +3% | +$179K |
|
3072
PUT
Prospect Capital
PSEC
$1.15B
| $4.57M | ﹤0.01% |
693,000
-64,900
| -9% | -$428K |
|
3073
CALL
Franklin Resources
BEN
$17.2B
| $4.54M | ﹤0.01% |
157,300
+121,900
| +344% | +$3.73M |
|
3074
Enterprise Products Partners
EPD
$84B
| $4.54M | ﹤0.01% |
158,854
-483,209
| -75% | -$14.1M |
|
3075
Wolfspeed
WOLF
$1.65B
| $4.54M | ﹤0.01% |
92,545
-214,649
| -70% | -$11.7M |
|
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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 5.4% 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.