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 | 5.41% |
| 2 | Financials | 4.35% |
| 3 | Industrials | 4.03% |
| 4 | Healthcare | 3.98% |
| 5 | Consumer Discretionary | 3.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GRUB
951
PUT
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $35.1M | 0.02% |
312,600
+48,850
| +19% | +$6.49M |
|
952
Liberty Broadband Class C
LBRDK
$5.07B
| $35.1M | 0.02% |
335,697
-214,743
| -39% | -$22.4M |
|
953
CALL
Nucor
NUE
$61.7B
| $35.1M | 0.02% |
690,100
+179,300
| +35% | +$9.36M |
|
954
Jazz Pharmaceuticals
JAZZ
$16B
| $35M | 0.02% |
273,276
+111,184
| +69% | +$14.9M |
|
|
AMRN
955
CALL
Amarin Corp
AMRN
$297M
| $34.9M | 0.02% |
115,140
+61,840
| +116% | +$21.6M |
|
956
CALL
Dow Inc
DOW
$21.9B
| $34.9M | 0.02% |
731,700
+496,700
| +211% | +$23.3M |
|
957
PUT
WEX
WEX
$6.48B
| $34.8M | 0.02% |
172,100
+55,300
| +47% | +$11.5M |
|
958
Transocean
RIG
$6.39B
| $34.8M | 0.02% |
7,778,558
+1,660,090
| +27% | +$8.81M |
|
|
WBA
959
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $34.7M | 0.02% |
627,600
+74,700
| +14% | +$4M |
|
960
Lumen
LUMN
$6.6B
| $34.7M | 0.02% |
2,780,094
+471,518
| +20% | +$5.6M |
|
961
CALL
Oneok
OKE
$58.3B
| $34.7M | 0.02% |
470,800
+260,600
| +124% | +$18.4M |
|
962
Extra Space Storage
EXR
$31B
| $34.6M | 0.02% |
296,482
-30,710
| -9% | -$3.55M |
|
963
CALL
ConocoPhillips
COP
$150B
| $34.5M | 0.02% |
606,100
+99,000
| +20% | +$5.63M |
|
964
CALL
Whirlpool
WHR
$2.79B
| $34.5M | 0.02% |
217,700
-14,600
| -6% | -$2.1M |
|
965
SLB Ltd
SLB
$77.3B
| $34.5M | 0.02% |
1,008,655
-8,378,585
| -89% | -$306M |
|
966
CALL
NXP Semiconductors
NXPI
$58.5B
| $34.5M | 0.02% |
315,800
-254,300
| -45% | -$26M |
|
967
CALL
PNC Financial Services
PNC
$102B
| $34.5M | 0.02% |
245,800
+80,500
| +49% | +$10.9M |
|
|
SPLK
968
DELISTED
Splunk Inc
SPLK
| $34.4M | 0.02% |
291,914
-62,315
| -18% | -$7.78M |
|
|
CCMP
969
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $34.3M | 0.02% |
243,224
+183,168
| +305% | +$22.6M |
|
970
Allison Transmission
ALSN
$10.2B
| $34.3M | 0.02% |
729,915
+79,730
| +12% | +$3.61M |
|
971
Tandem Diabetes Care
TNDM
$1.61B
| $34.3M | 0.02% |
582,051
+220,486
| +61% | +$14.1M |
|
972
Expeditors International
EXPD
$24B
| $34.3M | 0.02% |
461,068
+278,017
| +152% | +$20.4M |
|
973
CALL
CrowdStrike
CRWD
$230B
| $34.2M | 0.02% |
2,344,400
+2,218,800
| +1,767% | +$44.1M |
|
|
AMRN
974
Amarin Corp
AMRN
$297M
| $34.2M | 0.02% |
112,676
+112,076
| +18,679% | +$39.1M |
|
975
CALL
Newmont
NEM
$120B
| $34.1M | 0.02% |
900,500
+216,700
| +32% | +$8.42M |
|
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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 5.4% of assets, down from 5.6% 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.