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 | |
|---|---|---|---|---|---|---|
726
Truist Financial
TFC
$64.7B
| $52.9M | 0.02% |
1,408,891
-6,493,957
| -82% | -$234M |
|
727
PUT
NXP Semiconductors
NXPI
$58.5B
| $52.8M | 0.02% |
463,300
+13,000
| +3% | +$1.3M |
|
728
CALL
BP
BP
$110B
| $52.7M | 0.02% |
2,259,900
-165,800
| -7% | -$3.98M |
|
729
Melco Resorts & Entertainment
MLCO
$2.14B
| $52.6M | 0.02% |
3,390,950
-230,368
| -6% | -$3.57M |
|
730
Jack in the Box
JACK
$358M
| $52.4M | 0.02% |
707,557
+160,698
| +29% | +$9.9M |
|
731
Xerox
XRX
$412M
| $52.4M | 0.02% |
3,426,258
+2,133,189
| +165% | +$36.8M |
|
732
PUT
MGM Resorts International
MGM
$11.1B
| $52M | 0.02% |
3,093,800
+1,716,300
| +125% | +$27.7M |
|
|
TGNA
733
DELISTED
TEGNA Inc
TGNA
| $51.9M | 0.02% |
4,659,277
+3,487,192
| +298% | +$38.8M |
|
734
PUT
PENN Entertainment
PENN
$2.53B
| $51.9M | 0.02% |
1,698,800
+1,319,400
| +348% | +$30.2M |
|
735
CALL
Occidental Petroleum
OXY
$57.7B
| $51.8M | 0.02% |
2,831,800
+237,000
| +9% | +$3.73M |
|
736
PUT
Halliburton
HAL
$27.4B
| $51.7M | 0.02% |
3,986,600
-864,500
| -18% | -$9.32M |
|
737
PUT
Blackstone
BX
$112B
| $51.7M | 0.02% |
911,800
+32,900
| +4% | +$1.73M |
|
738
Ultragenyx Pharmaceutical
RARE
$2.6B
| $51.4M | 0.02% |
657,220
-969,888
| -60% | -$64.2M |
|
739
Allegiant Air
ALGT
$2.36B
| $50.9M | 0.02% |
465,981
+386,329
| +485% | +$35.3M |
|
|
XLNX
740
PUT
DELISTED
Xilinx Inc
XLNX
| $50.8M | 0.02% |
516,000
-14,900
| -3% | -$1.32M |
|
|
PACW
741
DELISTED
PacWest Bancorp
PACW
| $50.7M | 0.02% |
2,574,097
+2,189,891
| +570% | +$40.6M |
|
742
Wendy's
WEN
$1.65B
| $50.7M | 0.02% |
2,326,894
-1,172,962
| -34% | -$23.3M |
|
|
743
PUT
Occidental Petroleum
OXY
$57.7B
| $50.7M | 0.02% |
2,768,600
+1,244,600
| +82% | +$19.6M |
|
744
Iovance Biotherapeutics
IOVA
$2.95B
| $50.5M | 0.02% |
1,841,146
+1,432,331
| +350% | +$47.1M |
|
745
CALL
Danaher
DHR
$143B
| $50.5M | 0.02% |
322,157
+35,194
| +12% | +$5.05M |
|
746
PUT
Estee Lauder
EL
$31.6B
| $50.4M | 0.02% |
267,100
+50,900
| +24% | +$9.09M |
|
747
PUT
DexCom
DXCM
$34.5B
| $50.3M | 0.02% |
496,400
+104,000
| +27% | +$9.3M |
|
|
DISCK
748
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $50.3M | 0.02% |
2,611,999
-1,273,544
| -33% | -$24.9M |
|
749
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $50.1M | 0.02% |
614,249
+467,766
| +319% | +$37.7M |
|
750
CALL
Atlassian
TEAM
$42.1B
| $50.1M | 0.02% |
278,000
+47,000
| +20% | +$7.81M |
|
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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.