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 |
Morgan Stanley
MS
|
+$798M |
| 2 |
AT&T
T
|
+$527M |
| 3 |
Microchip Technology
MCHP
|
+$472M |
| 4 |
Netflix
NFLX
|
+$446M |
| 5 |
PNC Financial Services
PNC
|
+$444M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$694M |
| 2 |
KeyCorp
KEY
|
+$401M |
| 3 |
Deere & Co
DE
|
+$322M |
| 4 |
CSX Corp
CSX
|
+$318M |
| 5 |
NXP Semiconductors
NXPI
|
+$314M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.91% |
| 2 | Technology | 4.35% |
| 3 | Healthcare | 4.25% |
| 4 | Industrials | 4.06% |
| 5 | Consumer Discretionary | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Wintrust Financial
WTFC
$11B
| $97.1M | 0.04% |
1,143,203
+842,454
| +280% | +$75M |
|
427
Mondelez International
MDLZ
$81.1B
| $96.8M | 0.04% |
2,252,268
-2,722,284
| -55% | -$116M |
|
428
PUT
Procter & Gamble
PG
$335B
| $96.7M | 0.04% |
1,162,000
+65,700
| +6% | +$5.37M |
|
429
Duke Energy
DUK
$97.1B
| $96.7M | 0.04% |
1,208,598
-1,948,750
| -62% | -$158M |
|
430
PUT
3M
MMM
$94.2B
| $96.5M | 0.04% |
547,648
-75,946
| -12% | -$13.1M |
|
431
CALL
GE Aerospace
GE
$374B
| $96.2M | 0.04% |
1,777,843
+980,295
| +123% | +$60.4M |
|
|
MNDT
432
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $95.8M | 0.04% |
5,632,524
+260,215
| +5% | +$4.16M |
|
433
Equity Residential
EQR
$24.7B
| $95.6M | 0.04% |
1,443,043
+342,356
| +31% | +$22.6M |
|
434
International Flavors & Fragrances
IFF
$21.4B
| $95.2M | 0.04% |
683,999
+587,097
| +606% | +$77.2M |
|
435
Western Alliance Bancorporation
WAL
$8.92B
| $95.1M | 0.04% |
1,671,789
+67,268
| +4% | +$3.88M |
|
436
AstraZeneca
AZN
$244B
| $94.1M | 0.04% |
1,188,852
-21,848
| -2% | -$1.65M |
|
437
ManpowerGroup
MAN
$2.75B
| $93.8M | 0.04% |
1,090,700
+498,374
| +84% | +$44.4M |
|
438
Associated Banc-Corp
ASB
$6.07B
| $93.4M | 0.04% |
3,591,921
-61,298
| -2% | -$1.68M |
|
439
PUT
Qualcomm
QCOM
$173B
| $93.4M | 0.04% |
1,296,400
-395,200
| -23% | -$26M |
|
440
Expedia Group
EXPE
$39.4B
| $93.2M | 0.04% |
714,545
-872,145
| -55% | -$113M |
|
441
D.R. Horton
DHI
$41.9B
| $93.1M | 0.04% |
2,208,096
+855,950
| +63% | +$37M |
|
442
Illumina
ILMN
$29.1B
| $93M | 0.04% |
260,553
+26,980
| +12% | +$8.65M |
|
443
Spotify
SPOT
$102B
| $92.9M | 0.04% |
513,795
+258,123
| +101% | +$47.3M |
|
444
PUT
Weibo
WB
$1.88B
| $92.9M | 0.04% |
1,270,300
+442,600
| +53% | +$35.6M |
|
445
Targa Resources
TRGP
$57.2B
| $92.5M | 0.04% |
1,641,990
+1,200,770
| +272% | +$64.1M |
|
446
PUT
American Airlines Group
AAL
$9.97B
| $92.4M | 0.04% |
2,235,800
+549,600
| +33% | +$21.5M |
|
447
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $92M | 0.04% |
967,200
+145,000
| +18% | +$13.1M |
|
448
MGIC Investment
MTG
$6.33B
| $91.6M | 0.04% |
6,882,503
+1,480,673
| +27% | +$18.4M |
|
449
State Street
STT
$52.2B
| $91.6M | 0.04% |
1,093,092
+671,998
| +160% | +$59M |
|
|
450
CALL
Spotify
SPOT
$102B
| $91.3M | 0.04% |
504,700
+288,800
| +134% | +$53M |
|
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Ken Griffin's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Griffin held 10,190 positions worth $224B, up 10% from $203B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Ken Griffin deployed $7.48B of net new capital in Q3 2018, opening 1,427 new positions and adding to 4,227 existing holdings. Its largest new stake was Alibaba: 1,030,311 shares worth $170M.
By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 6.2% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Goldman Sachs, an estimated $694M trimmed.
- Ken Griffin's largest Q3 2018 buy was Alibaba: 1,030,311 shares worth $170M.
- Ken Griffin added most to Morgan Stanley in Q3 2018, an estimated $798M increase.
- Ken Griffin's biggest Q3 2018 reduction was Goldman Sachs, cutting an estimated $694M.
- Ken Griffin fully exited XL Group Ltd. in Q3 2018, selling an estimated $207M.
- Ken Griffin's ten largest holdings make up 25% of its $224B portfolio in Q3 2018.
- Ken Griffin opened 1,427 new positions and closed 1,044 in Q3 2018.
- Ken Griffin's portfolio value rose 10% quarter-over-quarter to $224B.
Based on Citadel Advisors's 13F filing for Q3 2018, filed 13 Nov 2018.