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 | |
|---|---|---|---|---|---|---|
776
Teradata
TDC
$2.49B
| $46.2M | 0.02% |
1,491,153
+925,540
| +164% | +$31.2M |
|
777
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $46.2M | 0.02% |
417,805
+278,511
| +200% | +$30.8M |
|
|
QTS
778
DELISTED
QTS REALTY TRUST, INC.
QTS
| $46.1M | 0.02% |
897,167
+231,467
| +35% | +$11M |
|
779
PUT
Whirlpool
WHR
$2.79B
| $46.1M | 0.02% |
290,800
-12,100
| -4% | -$1.74M |
|
780
CALL
NextEra Energy
NEE
$179B
| $46M | 0.02% |
790,400
+117,200
| +17% | +$6.34M |
|
781
Comcast
CMCSA
$92.9B
| $46M | 0.02% |
1,020,353
-616,262
| -38% | -$27.3M |
|
782
PUT
American International
AIG
$39.8B
| $45.7M | 0.02% |
819,700
+44,000
| +6% | +$2.43M |
|
|
EXAS
783
DELISTED
Exact Sciences
EXAS
| $45.5M | 0.02% |
503,554
+377,934
| +301% | +$43.1M |
|
784
American Airlines Group
AAL
$9.97B
| $45.4M | 0.02% |
1,684,768
+1,257,305
| +294% | +$36.8M |
|
785
PUT
DuPont de Nemours
DD
$19.5B
| $45.4M | 0.02% |
506,839
+345,673
| +214% | +$30.4M |
|
786
Bunge Global
BG
$21.5B
| $45.3M | 0.02% |
800,797
-1,803,823
| -69% | -$101M |
|
787
Cummins
CMI
$87.8B
| $45.3M | 0.02% |
278,663
+162,422
| +140% | +$26M |
|
788
Vale
VALE
$61.4B
| $45.2M | 0.02% |
3,927,230
+3,489,644
| +797% | +$42.3M |
|
|
MRTX
789
CALL
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $45.1M | 0.02% |
579,200
+251,600
| +77% | +$23.6M |
|
790
Phillips 66
PSX
$90B
| $45M | 0.02% |
439,663
+399,842
| +1,004% | +$40.1M |
|
791
ITT
ITT
$19.4B
| $44.9M | 0.02% |
733,017
-33,585
| -4% | -$2.03M |
|
792
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $44.8M | 0.02% |
398,100
+115,200
| +41% | +$12.9M |
|
793
PUT
US Bancorp
USB
$101B
| $44.7M | 0.02% |
808,000
-14,800
| -2% | -$800K |
|
|
STAY
794
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $44.6M | 0.02% |
3,046,937
-905,288
| -23% | -$13.8M |
|
|
MDCO
795
PUT
DELISTED
Medicines Co
MDCO
| $44.4M | 0.02% |
888,900
+625,700
| +238% | +$25M |
|
796
Papa John's
PZZA
$793M
| $44.4M | 0.02% |
847,642
-120,535
| -12% | -$5.68M |
|
|
DOCU
797
PUT
DocuSign
DOCU
$11.1B
| $44.2M | 0.02% |
714,500
+127,500
| +22% | +$6.68M |
|
798
CALL
Eli Lilly
LLY
$1.08T
| $44.2M | 0.02% |
395,500
+70,400
| +22% | +$7.84M |
|
|
SGEN
799
DELISTED
Seagen Inc. Common Stock
SGEN
| $44.2M | 0.02% |
517,518
+195,721
| +61% | +$14.3M |
|
800
PUT
Kinder Morgan
KMI
$71.4B
| $44M | 0.02% |
2,135,900
-291,000
| -12% | -$5.97M |
|
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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.