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 | |
|---|---|---|---|---|---|---|
751
PUT
General Dynamics
GD
$106B
| $48.4M | 0.02% |
264,600
+46,500
| +21% | +$8.64M |
|
752
CALL
Veeva Systems
VEEV
$41B
| $48M | 0.02% |
314,500
+44,800
| +17% | +$7.19M |
|
753
PUT
NetEase
NTES
$78.5B
| $48M | 0.02% |
902,000
-122,000
| -12% | -$6.21M |
|
754
SBA Communications
SBAC
$19.8B
| $47.9M | 0.02% |
198,438
+99,192
| +100% | +$24.5M |
|
755
Curtiss-Wright
CW
$25.4B
| $47.8M | 0.02% |
369,771
-33,286
| -8% | -$4.19M |
|
756
CALL
Paycom
PAYC
$10.1B
| $47.7M | 0.02% |
227,700
+65,700
| +41% | +$15.4M |
|
757
PUT
MarketAxess Holdings
MKTX
$5.72B
| $47.7M | 0.02% |
145,500
+63,000
| +76% | +$22.5M |
|
758
CALL
Marathon Petroleum
MPC
$100B
| $47.6M | 0.02% |
784,200
+29,900
| +4% | +$1.58M |
|
759
PUT
Valero Energy
VLO
$98.7B
| $47.5M | 0.02% |
557,000
-129,800
| -19% | -$10.5M |
|
760
PUT
Sherwin-Williams
SHW
$87.8B
| $47.3M | 0.02% |
258,000
+97,200
| +60% | +$16.5M |
|
761
Motorola Solutions
MSI
$77B
| $47.2M | 0.02% |
277,209
-1,031,135
| -79% | -$177M |
|
|
I
762
DELISTED
INTELSAT S. A.
I
| $47.2M | 0.02% |
2,069,475
-1,437,998
| -41% | -$30.3M |
|
763
CALL
Okta
OKTA
$26.9B
| $47.1M | 0.02% |
478,500
+26,800
| +6% | +$3.35M |
|
764
PUT
Bristol-Myers Squibb
BMY
$132B
| $46.8M | 0.02% |
923,000
-86,400
| -9% | -$4.06M |
|
765
CALL
American Express
AXP
$232B
| $46.7M | 0.02% |
395,100
-132,400
| -25% | -$16.2M |
|
766
PUT
Humana
HUM
$46.2B
| $46.7M | 0.02% |
182,700
+10,400
| +6% | +$2.92M |
|
767
Green Dot
GDOT
$770M
| $46.7M | 0.02% |
1,849,638
+1,122,666
| +154% | +$41.6M |
|
768
CALL
Blackrock
BLK
$183B
| $46.7M | 0.02% |
104,700
+21,800
| +26% | +$9.71M |
|
769
FirstEnergy
FE
$27.1B
| $46.7M | 0.02% |
967,356
-232,936
| -19% | -$10.5M |
|
770
Eagle Materials
EXP
$6.41B
| $46.6M | 0.02% |
517,951
+419,864
| +428% | +$36M |
|
771
PUT
Honeywell
HON
$74.2B
| $46.6M | 0.02% |
291,987
+68,753
| +31% | +$10.9M |
|
772
RLJ Lodging Trust
RLJ
$1.67B
| $46.4M | 0.02% |
2,728,988
-64,069
| -2% | -$1.09M |
|
773
Tapestry
TPR
$25.9B
| $46.3M | 0.02% |
1,777,539
+718,311
| +68% | +$18.9M |
|
|
EFOR
774
Everforth Inc
EFOR
$1.37B
| $46.3M | 0.02% |
736,583
+90,568
| +14% | +$5.59M |
|
|
IRBT
775
PUT
DELISTED
iRobot
IRBT
| $46.2M | 0.02% |
749,800
+473,400
| +171% | +$33.9M |
|
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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.