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 | |
|---|---|---|---|---|---|---|
451
Manulife Financial
MFC
$72.9B
| $87.6M | 0.04% |
4,771,751
+1,334,950
| +39% | +$23.6M |
|
452
Baxter International
BAX
$14B
| $87.5M | 0.04% |
1,000,548
+51,346
| +5% | +$4.38M |
|
453
Take-Two Interactive
TTWO
$45.2B
| $87.4M | 0.04% |
697,191
-770,950
| -53% | -$96.2M |
|
454
Goodyear
GT
$1.78B
| $86.8M | 0.04% |
6,027,337
+2,514,246
| +72% | +$33.5M |
|
455
Weyerhaeuser
WY
$17.9B
| $86.6M | 0.04% |
3,127,919
+1,986,972
| +174% | +$51.8M |
|
456
Bankunited
BKU
$3.41B
| $86M | 0.04% |
2,557,868
-95,314
| -4% | -$3.11M |
|
457
Cintas
CTAS
$80.3B
| $86M | 0.04% |
1,282,640
+728,836
| +132% | +$46.7M |
|
458
CALL
American Tower
AMT
$81.2B
| $85.6M | 0.04% |
387,200
+7,500
| +2% | +$1.64M |
|
459
Waste Management
WM
$89.6B
| $85.6M | 0.04% |
744,233
+284,534
| +62% | +$33.2M |
|
|
STOR
460
DELISTED
STORE Capital Corporation
STOR
| $85M | 0.04% |
2,273,351
+915,962
| +67% | +$32.8M |
|
461
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $85M | 0.04% |
1,384,000
-572,800
| -29% | -$34.4M |
|
462
EOG Resources
EOG
$74.2B
| $84.9M | 0.04% |
1,144,542
-317,148
| -22% | -$25.7M |
|
463
Humana
HUM
$46.2B
| $84.9M | 0.04% |
331,939
-482,491
| -59% | -$135M |
|
464
AGNC Investment
AGNC
$13B
| $84.8M | 0.04% |
5,271,285
+4,730,127
| +874% | +$77.6M |
|
465
DXC Technology
DXC
$1.79B
| $84.6M | 0.04% |
2,866,650
+673,920
| +31% | +$28.7M |
|
466
3M
MMM
$94.2B
| $84.3M | 0.04% |
613,631
+307,892
| +101% | +$43M |
|
467
Tyler Technologies
TYL
$13.5B
| $83.8M | 0.04% |
319,401
+58,431
| +22% | +$14.3M |
|
468
Cenovus Energy
CVE
$56.4B
| $83.7M | 0.04% |
8,917,654
+371,931
| +4% | +$3.38M |
|
469
eBay
EBAY
$46.5B
| $83.2M | 0.04% |
2,135,450
+468,840
| +28% | +$18.8M |
|
|
LM
470
DELISTED
Legg Mason, Inc.
LM
| $83.2M | 0.04% |
2,179,230
-63,631
| -3% | -$2.41M |
|
471
Royal Bank of Canada
RY
$299B
| $83.2M | 0.04% |
1,024,926
+923,001
| +906% | +$72.1M |
|
|
WPX
472
DELISTED
WPX Energy, Inc.
WPX
| $82.8M | 0.04% |
7,815,276
-3,373,994
| -30% | -$35.6M |
|
|
473
Philip Morris
PM
$294B
| $82.8M | 0.04% |
1,089,956
-4,283,790
| -80% | -$339M |
|
474
PUT
Marathon Petroleum
MPC
$100B
| $82.7M | 0.04% |
1,361,900
+536,200
| +65% | +$28.3M |
|
|
475
PUT
3M
MMM
$94.2B
| $82.7M | 0.04% |
601,708
-148,543
| -20% | -$20.8M |
|
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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.