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 | |
|---|---|---|---|---|---|---|
3801
PUT
Core Laboratories
CLB
$571M
| $2.76M | ﹤0.01% |
59,200
-46,700
| -44% | -$2.17M |
|
3802
CALL
Ultragenyx Pharmaceutical
RARE
$2.61B
| $2.76M | ﹤0.01% |
64,500
+32,900
| +104% | +$1.79M |
|
|
AKS
3803
PUT
DELISTED
AK Steel Holding Corp
AKS
| $2.76M | ﹤0.01% |
1,214,500
+351,600
| +41% | +$844K |
|
3804
Apogee Enterprises
APOG
$889M
| $2.76M | ﹤0.01% |
70,684
-15,806
| -18% | -$626K |
|
|
KYNB
3805
PUT
Kyntra Bio
KYNB
$28.5M
| $2.75M | ﹤0.01% |
2,980
+1,472
| +98% | +$1.62M |
|
3806
Spectrum Brands
SPB
$2.07B
| $2.75M | ﹤0.01% |
52,229
-214,918
| -80% | -$11.2M |
|
3807
JPMorgan Diversified Return International Equity ETF
JPIN
$375M
| $2.75M | ﹤0.01% |
51,659
-203,639
| -80% | -$10.8M |
|
3808
Worthington Enterprises
WOR
$2.87B
| $2.74M | ﹤0.01% |
123,368
-37,543
| -23% | -$870K |
|
3809
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.98B
| $2.74M | ﹤0.01% |
51,027
+25,403
| +99% | +$1.37M |
|
3810
Conduent
CNDT
$236M
| $2.74M | ﹤0.01% |
+440,343
| New | +$3.4M |
|
3811
GSK
GSK
$99.2B
| $2.73M | ﹤0.01% |
51,225
-82,063
| -62% | -$4.22M |
|
3812
PUT
AAR Corp
AIR
$5.85B
| $2.73M | ﹤0.01% |
+66,300
| New | +$2.78M |
|
3813
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $2.73M | ﹤0.01% |
72,400
-22,000
| -23% | -$821K |
|
3814
Coca-Cola Consolidated
COKE
$12.6B
| $2.73M | ﹤0.01% |
89,780
-168,690
| -65% | -$5.28M |
|
|
EMBJ
3815
PUT
Embraer S.A. ADS
EMBJ
$13.4B
| $2.73M | ﹤0.01% |
158,000
-3,800
| -2% | -$72.5K |
|
3816
First Trust Indxx NextG ETF
NXTG
$576M
| $2.73M | ﹤0.01% |
53,956
-6,131
| -10% | -$305K |
|
|
SINA
3817
DELISTED
Sina Corp
SINA
| $2.72M | ﹤0.01% |
69,364
+49,776
| +254% | +$2.03M |
|
|
HNGR
3818
DELISTED
Hanger Inc.
HNGR
| $2.72M | ﹤0.01% |
133,378
-87,571
| -40% | -$1.64M |
|
3819
PUT
Mid-America Apartment Communities
MAA
$15.5B
| $2.72M | ﹤0.01% |
20,900
-2,400
| -10% | -$298K |
|
|
NEWR
3820
PUT
DELISTED
New Relic, Inc.
NEWR
| $2.72M | ﹤0.01% |
44,200
+19,900
| +82% | +$1.44M |
|
3821
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $2.71M | ﹤0.01% |
+29,342
| New | +$2.7M |
|
3822
Replimune Group
REPL
$1.4B
| $2.71M | ﹤0.01% |
194,916
+8,635
| +5% | +$106K |
|
|
KAMN
3823
DELISTED
Kaman Corp
KAMN
| $2.71M | ﹤0.01% |
45,585
-41,276
| -48% | -$2.48M |
|
3824
Northern Oil and Gas
NOG
$2.61B
| $2.7M | ﹤0.01% |
137,908
-564,680
| -80% | -$10.4M |
|
3825
Bain Capital Specialty
BCSF
$814M
| $2.7M | ﹤0.01% |
145,153
+59,664
| +70% | +$1.08M |
|
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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.