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 | |
|---|---|---|---|---|---|---|
51
CALL
Mastercard
MA
$492B
| $455M | 0.16% |
1,539,700
-193,600
| -11% | -$54.6M |
|
52
PUT
Adobe
ADBE
$105B
| $444M | 0.16% |
1,018,900
+191,300
| +23% | +$70.9M |
|
|
PPLI
53
People Inc
PPLI
$2.97B
| $429M | 0.15% |
7,420,915
-1,871,692
| -20% | -$83.2M |
|
54
PUT
Advanced Micro Devices
AMD
$774B
| $416M | 0.15% |
7,911,300
-4,131,100
| -34% | -$219M |
|
55
PUT
Home Depot
HD
$353B
| $414M | 0.15% |
1,652,700
+42,400
| +3% | +$9.71M |
|
56
CALL
iShares Silver Trust
SLV
$31.5B
| $411M | 0.15% |
24,140,600
+9,372,500
| +63% | +$143M |
|
|
ATVI
57
DELISTED
Activision Blizzard
ATVI
| $407M | 0.15% |
5,367,777
+775,652
| +17% | +$54.1M |
|
58
PUT
Gilead Sciences
GILD
$168B
| $407M | 0.15% |
5,286,100
+1,755,000
| +50% | +$134M |
|
59
CALL
PayPal
PYPL
$50.5B
| $399M | 0.14% |
2,291,900
+150,400
| +7% | +$20.8M |
|
60
PUT
Broadcom
AVGO
$1.98T
| $393M | 0.14% |
12,454,000
+1,356,000
| +12% | +$38M |
|
61
PUT
Visa
V
$677B
| $393M | 0.14% |
2,034,700
+4,300
| +0.2% | +$786K |
|
62
PUT
Citigroup
C
$228B
| $392M | 0.14% |
7,667,400
+4,161,100
| +119% | +$197M |
|
63
Procter & Gamble
PG
$338B
| $381M | 0.14% |
3,183,120
-1,371,978
| -30% | -$160M |
|
64
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $377M | 0.13% |
3,092,600
+1,934,400
| +167% | +$235M |
|
65
Expedia Group
EXPE
$38.5B
| $376M | 0.13% |
4,568,407
+1,579,268
| +53% | +$115M |
|
|
66
CALL
Adobe
ADBE
$105B
| $370M | 0.13% |
850,900
-217,700
| -20% | -$80.7M |
|
|
FISV
67
Fiserv Inc
FISV
$28B
| $370M | 0.13% |
3,788,199
+976,501
| +35% | +$98.3M |
|
68
CALL
Berkshire Hathaway Class B
BRK.B
$1.11T
| $366M | 0.13% |
2,048,100
+74,300
| +4% | +$13.6M |
|
|
69
JPMorgan Chase
JPM
$962B
| $366M | 0.13% |
3,886,735
+3,687,970
| +1,855% | +$350M |
|
|
70
PUT
PayPal
PYPL
$50.5B
| $357M | 0.13% |
2,050,300
-433,400
| -17% | -$59.9M |
|
71
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$145M
| $355M | 0.13% |
163,364
+60,594
| +59% | +$146M |
|
72
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
| $355M | 0.13% |
12,570,600
+8,495,000
| +208% | +$245M |
|
73
Bristol-Myers Squibb
BMY
$130B
| $354M | 0.13% |
6,024,271
+4,703,377
| +356% | +$281M |
|
74
PUT
Micron Technology
MU
$981B
| $352M | 0.13% |
6,838,200
-1,124,300
| -14% | -$53M |
|
75
CALL
Walt Disney
DIS
$179B
| $351M | 0.13% |
3,151,700
-1,040,700
| -25% | -$115M |
|
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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.