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 |
Amazon
AMZN
|
+$861M |
| 2 |
Apple
AAPL
|
+$417M |
| 3 |
JPMorgan Chase
JPM
|
+$350M |
| 4 |
T-Mobile US
TMUS
|
+$337M |
| 5 |
Aon
AON
|
+$296M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$603M |
| 2 |
Charter Communications
CHTR
|
+$504M |
| 3 |
Fidelity National Information Services
FIS
|
+$496M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$429M |
| 5 |
Baxter International
BAX
|
+$362M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.4% |
| 2 | Technology | 3.32% |
| 3 | Consumer Discretionary | 2.87% |
| 4 | Financials | 2.84% |
| 5 | Industrials | 2.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Netflix
NFLX
$311B
| $1.14B | 0.41% |
25,146,000
-882,000
| -3% | -$37.5M |
|
27
PUT
NVIDIA
NVDA
$5.27T
| $1.11B | 0.4% |
117,184,000
+8,276,000
| +8% | +$67M |
|
28
PUT
Alphabet (Google) Class C
GOOG
$4.19T
| $1.1B | 0.39% |
15,558,000
-548,000
| -3% | -$37M |
|
29
PUT
Boeing
BA
$184B
| $1.06B | 0.38% |
5,800,900
+1,513,100
| +35% | +$233M |
|
|
30
CALL
Boeing
BA
$184B
| $1.01B | 0.36% |
5,519,900
+1,781,900
| +48% | +$274M |
|
|
31
CALL
Alphabet (Google) Class C
GOOG
$4.19T
| $1.01B | 0.36% |
14,304,000
-4,330,000
| -23% | -$292M |
|
32
CALL
Shopify
SHOP
$196B
| $915M | 0.33% |
9,637,000
+3,080,000
| +47% | +$214M |
|
33
PUT
Alibaba
BABA
$306B
| $877M | 0.31% |
4,066,600
-1,002,000
| -20% | -$209M |
|
|
34
PUT
Shopify
SHOP
$196B
| $869M | 0.31% |
9,158,000
+955,000
| +12% | +$66.3M |
|
35
PUT
Chipotle Mexican Grill
CMG
$40.5B
| $849M | 0.3% |
40,335,000
+3,575,000
| +10% | +$66.2M |
|
|
36
Apple
AAPL
$4.45T
| $723M | 0.26% |
7,924,516
+5,382,076
| +212% | +$417M |
|
|
37
T-Mobile US
TMUS
$192B
| $706M | 0.25% |
6,779,930
+3,516,463
| +108% | +$337M |
|
38
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $537M | 0.19% |
6,584,700
+3,314,700
| +101% | +$267M |
|
|
39
PUT
JPMorgan Chase
JPM
$962B
| $520M | 0.19% |
5,532,300
+599,000
| +12% | +$56.8M |
|
40
PUT
Booking.com
BKNG
$160B
| $518M | 0.18% |
8,130,000
-2,255,000
| -22% | -$137M |
|
41
PUT
Walt Disney
DIS
$179B
| $515M | 0.18% |
4,618,100
-95,900
| -2% | -$10.6M |
|
42
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $514M | 0.18% |
3,138,500
-225,000
| -7% | -$37M |
|
|
43
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $511M | 0.18% |
3,114,700
-514,900
| -14% | -$84.8M |
|
44
PUT
Bank of America
BAC
$448B
| $508M | 0.18% |
21,385,600
+9,693,600
| +83% | +$229M |
|
|
45
CALL
Chipotle Mexican Grill
CMG
$40.5B
| $503M | 0.18% |
23,890,000
+300,000
| +1% | +$5.55M |
|
46
PUT
Mastercard
MA
$492B
| $494M | 0.18% |
1,669,600
+255,100
| +18% | +$71.9M |
|
47
CALL
Advanced Micro Devices
AMD
$774B
| $493M | 0.18% |
9,374,200
-4,585,600
| -33% | -$243M |
|
|
48
CALL
Booking.com
BKNG
$160B
| $480M | 0.17% |
7,537,500
-290,000
| -4% | -$17.7M |
|
49
CALL
Visa
V
$677B
| $477M | 0.17% |
2,470,200
-737,500
| -23% | -$135M |
|
|
XYZ
50
PUT
Block Inc
XYZ
$47.5B
| $467M | 0.17% |
4,445,500
+480,100
| +12% | +$36.8M |
|
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Ken Griffin's Q2 2020 Portfolio in Review
As of Q2 2020, Ken Griffin held 11,014 positions worth $280B, up 26% from $222B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ken Griffin withdrew a net $9.91B in Q2 2020, closing 1,324 positions and reducing 3,586 holdings. Its most notable exit was Allergan plc, an estimated $603M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 3.4% of assets, down from 4% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Ken Griffin opened a new position in Becton Dickinson worth $266M.
- Ken Griffin's largest Q2 2020 buy was Becton Dickinson: 1,140,373 shares worth $266M.
- Ken Griffin added most to Amazon in Q2 2020, an estimated $861M increase.
- Ken Griffin's biggest Q2 2020 reduction was Charter Communications, cutting an estimated $504M.
- Ken Griffin fully exited Allergan plc in Q2 2020, selling an estimated $603M.
- Ken Griffin's ten largest holdings make up 32% of its $280B portfolio in Q2 2020.
- Ken Griffin opened 1,506 new positions and closed 1,324 in Q2 2020.
- Ken Griffin's portfolio value rose 26% quarter-over-quarter to $280B.
Based on Citadel Advisors's 13F filing for Q2 2020, filed 14 Aug 2020.