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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.16B |
| 2 |
Bank of America
BAC
|
+$855M |
| 3 |
Comcast
CMCSA
|
+$620M |
| 4 |
Amazon
AMZN
|
+$505M |
| 5 |
Micron Technology
MU
|
+$486M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$441M |
| 2 |
Palo Alto Networks
PANW
|
+$300M |
| 3 |
Verizon
VZ
|
+$286M |
| 4 |
Fidelity National Information Services
FIS
|
+$285M |
| 5 |
Stanley Black & Decker
SWK
|
+$244M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.08% |
| 2 | Financials | 6.03% |
| 3 | Industrials | 5.01% |
| 4 | Consumer Discretionary | 4.73% |
| 5 | Healthcare | 4.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Delta Air Lines
DAL
$59.5B
| $291M | 0.18% |
5,196,561
-1,859,845
| -26% | -$97.2M |
|
77
Marvell Technology
MRVL
$191B
| $288M | 0.18% |
13,400,678
+10,307,378
| +333% | +$210M |
|
78
Citizens Financial Group
CFG
$30.7B
| $287M | 0.17% |
6,837,139
-3,070,442
| -31% | -$120M |
|
79
NXP Semiconductors
NXPI
$59.6B
| $285M | 0.17% |
2,430,949
-605,650
| -20% | -$70M |
|
80
CALL
Visa
V
$677B
| $284M | 0.17% |
2,492,100
+1,157,900
| +87% | +$128M |
|
|
81
Verizon
VZ
$196B
| $282M | 0.17% |
5,333,956
-5,817,223
| -52% | -$286M |
|
|
82
PUT
Micron Technology
MU
$981B
| $281M | 0.17% |
6,839,100
+3,904,600
| +133% | +$168M |
|
83
Occidental Petroleum
OXY
$59B
| $277M | 0.17% |
3,755,480
+178,074
| +5% | +$12.1M |
|
84
PUT
SPDR Gold Trust
GLD
$143B
| $275M | 0.17% |
2,222,200
-150,700
| -6% | -$18.3M |
|
85
CALL
JPMorgan Chase
JPM
$962B
| $272M | 0.17% |
2,545,500
+494,500
| +24% | +$50.1M |
|
86
Halliburton
HAL
$28.2B
| $271M | 0.16% |
5,542,300
+4,390,465
| +381% | +$194M |
|
87
Netflix
NFLX
$311B
| $268M | 0.16% |
13,945,180
+11,283,140
| +424% | +$217M |
|
88
Cisco
CSCO
$475B
| $267M | 0.16% |
6,969,438
+1,717,078
| +33% | +$61.3M |
|
89
EOG Resources
EOG
$75.2B
| $265M | 0.16% |
2,453,470
+275,804
| +13% | +$27.8M |
|
90
Expedia Group
EXPE
$38.5B
| $263M | 0.16% |
2,199,040
+692,142
| +46% | +$89.8M |
|
91
Constellation Brands
STZ
$22.9B
| $262M | 0.16% |
1,147,336
+890,869
| +347% | +$193M |
|
|
CELG
92
PUT
DELISTED
Celgene Corp
CELG
| $260M | 0.16% |
2,496,000
+1,785,300
| +251% | +$201M |
|
|
APC
93
DELISTED
Anadarko Petroleum
APC
| $260M | 0.16% |
4,847,972
+1,733,025
| +56% | +$85.2M |
|
94
Vertex Pharmaceuticals
VRTX
$134B
| $257M | 0.16% |
1,714,260
+366,651
| +27% | +$54.3M |
|
95
Morgan Stanley
MS
$338B
| $256M | 0.16% |
4,882,227
+3,484,567
| +249% | +$176M |
|
96
Capital One
COF
$134B
| $253M | 0.15% |
2,543,876
+1,543,959
| +154% | +$141M |
|
97
Altria Group
MO
$109B
| $252M | 0.15% |
3,532,763
+304,514
| +9% | +$20.4M |
|
98
KeyCorp
KEY
$24.3B
| $251M | 0.15% |
12,456,146
+9,202,259
| +283% | +$174M |
|
99
PUT
Wells Fargo
WFC
$264B
| $245M | 0.15% |
4,044,700
+1,689,800
| +72% | +$95.4M |
|
|
100
PUT
Visa
V
$677B
| $243M | 0.15% |
2,130,400
+1,346,200
| +172% | +$149M |
|
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Ken Griffin's Q4 2017 Portfolio in Review
As of Q4 2017, Ken Griffin held 8,908 positions worth $164B, up 26% from $130B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Ken Griffin deployed $21.1B of net new capital in Q4 2017, opening 1,440 new positions and adding to 3,569 existing holdings. Its largest new stake was Celgene Corp: 3,708,916 shares worth $387M.
By sector, the portfolio is most concentrated in Technology at 6.1% of assets, down from 7% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Goldman Sachs, an estimated $441M trimmed.
- Ken Griffin's largest Q4 2017 buy was Celgene Corp: 3,708,916 shares worth $387M.
- Ken Griffin added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $1.16B increase.
- Ken Griffin's biggest Q4 2017 reduction was Goldman Sachs, cutting an estimated $441M.
- Ken Griffin fully exited CR Bard Inc. in Q4 2017, selling an estimated $209M.
- Ken Griffin's ten largest holdings make up 19% of its $164B portfolio in Q4 2017.
- Ken Griffin opened 1,440 new positions and closed 988 in Q4 2017.
- Ken Griffin's portfolio value rose 26% quarter-over-quarter to $164B.
Based on Citadel Advisors's 13F filing for Q4 2017, filed 9 Feb 2018.