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 | |
|---|---|---|---|---|---|---|
1026
Automatic Data Processing
ADP
$109B
| $31.8M | 0.02% |
196,785
+113,451
| +136% | +$18.7M |
|
1027
CALL
Kimberly-Clark
KMB
$36.8B
| $31.7M | 0.02% |
223,300
-149,300
| -40% | -$20.5M |
|
|
COUP
1028
PUT
DELISTED
Coupa Software Incorporated
COUP
| $31.7M | 0.02% |
244,700
+30,000
| +14% | +$4.15M |
|
1029
RH
RH
$3.39B
| $31.6M | 0.01% |
185,175
+90,594
| +96% | +$12.9M |
|
1030
PUT
ProShares UltraPro QQQ
TQQQ
$38.9B
| $31.6M | 0.01% |
4,096,000
+288,800
| +8% | +$2.29M |
|
1031
PUT
Cboe Global Markets
CBOE
$30.7B
| $31.6M | 0.01% |
274,600
-2,600
| -0.9% | -$301K |
|
1032
CALL
C.H. Robinson
CHRW
$17.4B
| $31.5M | 0.01% |
371,800
+207,900
| +127% | +$17.5M |
|
1033
CALL
Lyft
LYFT
$6.61B
| $31.5M | 0.01% |
771,700
-302,200
| -28% | -$16.5M |
|
|
NLSN
1034
DELISTED
Nielsen Holdings plc
NLSN
| $31.5M | 0.01% |
1,481,661
-3,588,009
| -71% | -$79.2M |
|
1035
Vanguard Real Estate ETF
VNQ
$39.2B
| $31.5M | 0.01% |
337,413
-33,342
| -9% | -$3.03M |
|
1036
PUT
McKesson
MCK
$99.6B
| $31.5M | 0.01% |
230,200
+125,800
| +120% | +$17.8M |
|
1037
Kilroy Realty
KRC
$4.31B
| $31.4M | 0.01% |
403,183
-318,956
| -44% | -$24.7M |
|
|
DCH
1038
Dauch Corp
DCH
$1.6B
| $31.3M | 0.01% |
3,803,693
+1,522,335
| +67% | +$13.8M |
|
|
SCHW
1039
Charles Schwab
SCHW
$189B
| $31.2M | 0.01% |
745,990
+289,992
| +64% | +$11.7M |
|
1040
PUT
Best Buy
BBY
$18.5B
| $31.1M | 0.01% |
450,200
+70,100
| +18% | +$4.89M |
|
1041
CALL
Skyworks Solutions
SWKS
$10.5B
| $31.1M | 0.01% |
391,800
+400
| +0.1% | +$31.9K |
|
|
XLRN
1042
DELISTED
Acceleron Pharma
XLRN
| $31M | 0.01% |
785,673
+473,019
| +151% | +$20.5M |
|
1043
CALL
Capri Holdings
CPRI
$1.79B
| $31M | 0.01% |
936,100
+231,100
| +33% | +$7.4M |
|
1044
CALL
Zscaler
ZS
$30.5B
| $31M | 0.01% |
656,800
+359,900
| +121% | +$25.9M |
|
|
HBI
1045
DELISTED
Hanesbrands
HBI
| $31M | 0.01% |
+2,023,111
| New | +$30.8M |
|
1046
PUT
Mondelez International
MDLZ
$81.1B
| $31M | 0.01% |
559,900
+4,900
| +0.9% | +$268K |
|
|
HTZ
1047
PUT
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $30.9M | 0.01% |
+2,235,800
| New | +$31.5M |
|
1048
CALL
Sarepta Therapeutics
SRPT
$1.9B
| $30.9M | 0.01% |
410,800
+36,500
| +10% | +$4.31M |
|
|
JWN
1049
CALL
DELISTED
Nordstrom
JWN
| $30.9M | 0.01% |
918,900
+274,200
| +43% | +$8.37M |
|
1050
Chegg
CHGG
$89.4M
| $30.9M | 0.01% |
1,032,522
+913,720
| +769% | +$36.2M |
|
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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.