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 |
Morgan Stanley
MS
|
+$798M |
| 2 |
AT&T
T
|
+$527M |
| 3 |
Microchip Technology
MCHP
|
+$472M |
| 4 |
Netflix
NFLX
|
+$446M |
| 5 |
PNC Financial Services
PNC
|
+$444M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$694M |
| 2 |
KeyCorp
KEY
|
+$401M |
| 3 |
Deere & Co
DE
|
+$322M |
| 4 |
CSX Corp
CSX
|
+$318M |
| 5 |
NXP Semiconductors
NXPI
|
+$314M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.91% |
| 2 | Technology | 4.35% |
| 3 | Healthcare | 4.25% |
| 4 | Industrials | 4.06% |
| 5 | Consumer Discretionary | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETFC
76
DELISTED
E*Trade Financial Corporation
ETFC
| $357M | 0.16% |
6,805,399
+4,284,555
| +170% | +$251M |
|
77
GE Aerospace
GE
$382B
| $355M | 0.16% |
6,561,300
-345,938
| -5% | -$21.3M |
|
78
McDonald's
MCD
$194B
| $352M | 0.16% |
2,105,910
+1,724,710
| +452% | +$276M |
|
79
Salesforce
CRM
$162B
| $348M | 0.16% |
2,188,521
+938,032
| +75% | +$139M |
|
80
CALL
iShares MSCI Brazil ETF
EWZ
$8.6B
| $341M | 0.15% |
10,117,300
+5,512,600
| +120% | +$186M |
|
|
SHPG
81
DELISTED
Shire pic
SHPG
| $333M | 0.15% |
1,834,595
+140,537
| +8% | +$24.3M |
|
82
Honeywell
HON
$72.9B
| $332M | 0.15% |
2,206,289
-767,812
| -26% | -$109M |
|
|
83
PUT
GE Aerospace
GE
$382B
| $329M | 0.15% |
6,072,380
-1,863,916
| -23% | -$115M |
|
84
PUT
Citigroup
C
$228B
| $317M | 0.14% |
4,421,600
-2,382,000
| -35% | -$168M |
|
85
Trane Technologies
TT
$106B
| $316M | 0.14% |
3,091,941
-1,186,854
| -28% | -$116M |
|
|
WP
86
DELISTED
Worldpay, Inc.
WP
| $315M | 0.14% |
3,111,964
+510,362
| +20% | +$46.6M |
|
87
CALL
Adobe
ADBE
$105B
| $315M | 0.14% |
1,167,000
+155,200
| +15% | +$40M |
|
88
Boston Scientific
BSX
$74.2B
| $314M | 0.14% |
8,166,782
+1,318,868
| +19% | +$46.1M |
|
89
Union Pacific
UNP
$174B
| $314M | 0.14% |
1,926,062
+647,270
| +51% | +$97.4M |
|
|
90
CALL
Citigroup
C
$228B
| $308M | 0.14% |
4,287,900
+1,359,400
| +46% | +$96.1M |
|
91
Broadcom
AVGO
$1.98T
| $306M | 0.14% |
12,389,100
-3,452,720
| -22% | -$77.4M |
|
|
92
Adobe
ADBE
$105B
| $305M | 0.14% |
1,129,443
-484,187
| -30% | -$125M |
|
93
American Electric Power
AEP
$67.3B
| $302M | 0.13% |
4,266,914
+108,068
| +3% | +$7.69M |
|
94
PUT
JPMorgan Chase
JPM
$962B
| $301M | 0.13% |
2,663,900
-1,249,500
| -32% | -$142M |
|
95
PUT
Visa
V
$677B
| $300M | 0.13% |
2,000,000
+689,600
| +53% | +$98.1M |
|
96
Diamondback Energy
FANG
$56.5B
| $292M | 0.13% |
2,156,833
+981,834
| +84% | +$125M |
|
97
CALL
Micron Technology
MU
$981B
| $285M | 0.13% |
6,301,700
+1,968,300
| +45% | +$99.3M |
|
98
TJX Companies
TJX
$172B
| $285M | 0.13% |
5,079,442
-2,867,548
| -36% | -$147M |
|
99
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.9B
| $281M | 0.13% |
6,542,800
+2,081,200
| +47% | +$89.8M |
|
|
TSS
100
DELISTED
Total System Services, Inc.
TSS
| $281M | 0.13% |
2,843,941
-257,371
| -8% | -$24.2M |
|
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Ken Griffin's Q3 2018 Portfolio in Review
As of Q3 2018, Ken Griffin held 10,190 positions worth $224B, up 10% from $203B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Ken Griffin deployed $7.48B of net new capital in Q3 2018, opening 1,427 new positions and adding to 4,227 existing holdings. Its largest new stake was Alibaba: 1,030,311 shares worth $170M.
By sector, the portfolio is most concentrated in Financials at 5.9% of assets, down from 6.2% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Goldman Sachs, an estimated $694M trimmed.
- Ken Griffin's largest Q3 2018 buy was Alibaba: 1,030,311 shares worth $170M.
- Ken Griffin added most to Morgan Stanley in Q3 2018, an estimated $798M increase.
- Ken Griffin's biggest Q3 2018 reduction was Goldman Sachs, cutting an estimated $694M.
- Ken Griffin fully exited XL Group Ltd. in Q3 2018, selling an estimated $207M.
- Ken Griffin's ten largest holdings make up 25% of its $224B portfolio in Q3 2018.
- Ken Griffin opened 1,427 new positions and closed 1,044 in Q3 2018.
- Ken Griffin's portfolio value rose 10% quarter-over-quarter to $224B.
Based on Citadel Advisors's 13F filing for Q3 2018, filed 13 Nov 2018.