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 | |
|---|---|---|---|---|---|---|
601
JB Hunt Transport Services
JBHT
$26.5B
| $63.3M | 0.03% |
572,001
+490,184
| +599% | +$50.5M |
|
602
Churchill Downs
CHDN
$6.2B
| $63.1M | 0.03% |
1,022,486
-385,244
| -27% | -$23.2M |
|
|
CTLT
603
DELISTED
CATALENT, INC.
CTLT
| $63.1M | 0.03% |
1,323,598
-348,941
| -21% | -$18.8M |
|
604
Targa Resources
TRGP
$57.2B
| $63.1M | 0.03% |
1,570,219
+239,721
| +18% | +$9.15M |
|
605
Prologis
PLD
$134B
| $63.1M | 0.03% |
740,029
+736,305
| +19,772% | +$60.9M |
|
|
SAFM
606
DELISTED
Sanderson Farms Inc
SAFM
| $62.9M | 0.03% |
415,353
-293,529
| -41% | -$41.9M |
|
607
CALL
Comcast
CMCSA
$92.9B
| $62.8M | 0.03% |
1,392,400
-491,100
| -26% | -$21.8M |
|
608
Altria Group
MO
$109B
| $62.8M | 0.03% |
1,534,436
+1,129,164
| +279% | +$51.9M |
|
609
CALL
Merck
MRK
$334B
| $62.6M | 0.03% |
779,712
-779,817
| -50% | -$62.5M |
|
610
American Tower
AMT
$81.2B
| $62.6M | 0.03% |
282,921
+62,695
| +28% | +$13.7M |
|
611
PUT
Credit Acceptance
CACC
$6.05B
| $62.4M | 0.03% |
135,300
+3,100
| +2% | +$1.46M |
|
612
CALL
Las Vegas Sands
LVS
$29.6B
| $62.4M | 0.03% |
1,080,200
+15,700
| +1% | +$915K |
|
613
CALL
GE Aerospace
GE
$374B
| $62.2M | 0.03% |
1,396,010
+210,569
| +18% | +$9.9M |
|
614
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.67B
| $62.1M | 0.03% |
1,177,300
-167,800
| -12% | -$8.76M |
|
615
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $62.1M | 0.03% |
731,956
+676,992
| +1,232% | +$57.4M |
|
616
Pfizer
PFE
$153B
| $61.7M | 0.03% |
1,811,319
+1,203,839
| +198% | +$43.8M |
|
617
CALL
CME Group
CME
$96.1B
| $61.6M | 0.03% |
291,400
+71,000
| +32% | +$14.8M |
|
618
CALL
Illumina
ILMN
$29.1B
| $61.3M | 0.03% |
207,142
+22,205
| +12% | +$6.55M |
|
619
CALL
Uber
UBER
$155B
| $61.2M | 0.03% |
2,009,600
-222,300
| -10% | -$8.37M |
|
|
GRA
620
DELISTED
W.R. Grace & Co.
GRA
| $61.2M | 0.03% |
916,738
+844,039
| +1,161% | +$59.1M |
|
|
RTN
621
PUT
DELISTED
Raytheon Company
RTN
| $61.2M | 0.03% |
311,700
+9,300
| +3% | +$1.72M |
|
622
Agilent Technologies
A
$42.2B
| $60.9M | 0.03% |
795,365
+63,016
| +9% | +$4.55M |
|
623
Fidelity National Financial
FNF
$13.1B
| $60.9M | 0.03% |
1,427,252
+939,740
| +193% | +$39.1M |
|
624
CALL
Union Pacific
UNP
$177B
| $60.6M | 0.03% |
374,000
+67,500
| +22% | +$11.4M |
|
625
CALL
Snap
SNAP
$8.96B
| $60.5M | 0.03% |
3,830,700
-1,554,900
| -29% | -$24.9M |
|
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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.