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 | |
|---|---|---|---|---|---|---|
|
OPTU
76
Optimum Communications Inc
OPTU
$225M
| $319M | 0.15% |
11,111,348
-4,707,416
| -30% | -$128M |
|
77
PUT
Mastercard
MA
$492B
| $309M | 0.15% |
1,139,000
+166,500
| +17% | +$45.9M |
|
78
CALL
Visa
V
$677B
| $309M | 0.15% |
1,797,600
-182,400
| -9% | -$32.5M |
|
79
CenterPoint Energy
CNP
$26.5B
| $306M | 0.14% |
10,145,366
+2,926,143
| +41% | +$84.3M |
|
80
Ametek
AME
$58.8B
| $304M | 0.14% |
3,312,704
-898,884
| -21% | -$79.3M |
|
81
Trane Technologies
TT
$106B
| $303M | 0.14% |
2,462,687
+187,078
| +8% | +$22.8M |
|
82
PUT
AutoZone
AZO
$49.7B
| $303M | 0.14% |
279,400
+119,200
| +74% | +$134M |
|
|
ZAYO
83
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $302M | 0.14% |
8,905,614
+976,873
| +12% | +$32.9M |
|
84
Baker Hughes
BKR
$64.3B
| $302M | 0.14% |
13,009,518
+13,000,645
| +146,519% | +$305M |
|
85
PUT
Walt Disney
DIS
$179B
| $300M | 0.14% |
2,303,800
-921,400
| -29% | -$127M |
|
86
PUT
Intuitive Surgical
ISRG
$142B
| $297M | 0.14% |
1,650,300
+555,900
| +51% | +$96.2M |
|
87
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $297M | 0.14% |
2,328,200
+117,500
| +5% | +$14.8M |
|
|
88
CALL
Adobe
ADBE
$105B
| $294M | 0.14% |
1,063,000
+128,200
| +14% | +$37.4M |
|
89
Union Pacific
UNP
$174B
| $287M | 0.14% |
1,770,759
-28,856
| -2% | -$4.85M |
|
90
F5
FFIV
$23.4B
| $285M | 0.13% |
2,026,308
+1,091,094
| +117% | +$151M |
|
91
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $283M | 0.13% |
1,052,500
+72,600
| +7% | +$19.4M |
|
92
PUT
FedEx
FDX
$76.3B
| $283M | 0.13% |
1,942,900
+761,500
| +64% | +$123M |
|
93
Scotiabank
BNS
$108B
| $281M | 0.13% |
4,949,149
+1,293,461
| +35% | +$69.5M |
|
94
Blackrock
BLK
$178B
| $280M | 0.13% |
628,658
+615,123
| +4,545% | +$274M |
|
95
Ameren
AEE
$29.8B
| $280M | 0.13% |
3,496,528
+3,270,873
| +1,450% | +$251M |
|
96
PUT
Procter & Gamble
PG
$338B
| $279M | 0.13% |
2,241,800
+423,600
| +23% | +$50.1M |
|
97
Dover
DOV
$28.1B
| $279M | 0.13% |
2,798,154
+1,238,903
| +79% | +$119M |
|
98
Willis Towers Watson
WTW
$31.8B
| $278M | 0.13% |
1,439,569
+1,437,846
| +83,450% | +$281M |
|
99
Goldman Sachs
GS
$301B
| $274M | 0.13% |
1,322,467
-925,912
| -41% | -$194M |
|
100
CALL
Micron Technology
MU
$981B
| $273M | 0.13% |
6,382,700
-3,204,500
| -33% | -$145M |
|
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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.