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 | |
|---|---|---|---|---|---|---|
|
ATH
1126
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $27.9M | 0.01% |
663,947
+569,597
| +604% | +$23.4M |
|
1127
CALL
Cracker Barrel
CBRL
$1.27B
| $27.9M | 0.01% |
171,500
+66,400
| +63% | +$11.2M |
|
1128
Helix Energy Solutions
HLX
$1.54B
| $27.9M | 0.01% |
3,456,387
-371,190
| -10% | -$3M |
|
1129
CALL
Royal Caribbean
RCL
$82.9B
| $27.8M | 0.01% |
257,000
+112,600
| +78% | +$12.4M |
|
1130
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$2.97B
| $27.8M | 0.01% |
904,707
+814,991
| +908% | +$25M |
|
1131
PUT
Cintas
CTAS
$80B
| $27.8M | 0.01% |
414,400
+291,200
| +236% | +$18.6M |
|
|
DRNA
1132
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $27.7M | 0.01% |
1,931,468
-253,941
| -12% | -$3.63M |
|
1133
CALL
Microchip Technology
MCHP
$42.3B
| $27.7M | 0.01% |
596,200
-144,800
| -20% | -$6.57M |
|
1134
Okta
OKTA
$25.9B
| $27.7M | 0.01% |
281,156
+45,451
| +19% | +$5.68M |
|
1135
Corteva
CTVA
$51.1B
| $27.7M | 0.01% |
987,682
+350,421
| +55% | +$10.1M |
|
1136
PUT
Dow Inc
DOW
$22.4B
| $27.6M | 0.01% |
580,000
+463,800
| +399% | +$21.7M |
|
1137
Carnival Corporation Ltd
CCL
$39.2B
| $27.6M | 0.01% |
631,929
-1,239,412
| -66% | -$57.2M |
|
1138
Etsy
ETSY
$7.43B
| $27.6M | 0.01% |
488,048
-83,193
| -15% | -$4.89M |
|
1139
PUT
Tilray
TLRY
$622M
| $27.6M | 0.01% |
111,450
+63,300
| +131% | +$23.1M |
|
|
CMA
1140
DELISTED
Comerica
CMA
| $27.6M | 0.01% |
417,800
+333,668
| +397% | +$22.1M |
|
1141
Omnicom Group
OMC
$24B
| $27.6M | 0.01% |
+352,027
| New | +$28M |
|
1142
CALL
Southwest Airlines
LUV
$21.9B
| $27.6M | 0.01% |
510,300
+84,900
| +20% | +$4.44M |
|
|
1143
PUT
Royal Caribbean
RCL
$82.9B
| $27.6M | 0.01% |
254,400
+12,600
| +5% | +$1.39M |
|
1144
PUT
Dollar Tree
DLTR
$25B
| $27.5M | 0.01% |
241,000
-23,700
| -9% | -$2.48M |
|
1145
Steris
STE
$22.8B
| $27.5M | 0.01% |
190,362
+91,978
| +93% | +$13.7M |
|
|
HES
1146
CALL
DELISTED
Hess
HES
| $27.5M | 0.01% |
454,600
-131,100
| -22% | -$8.17M |
|
1147
Kinross Gold
KGC
$32.6B
| $27.5M | 0.01% |
5,968,655
+3,495,356
| +141% | +$16.2M |
|
|
WCN
1148
Waste Connections
WCN
$41.8B
| $27.4M | 0.01% |
298,249
+271,606
| +1,019% | +$25.1M |
|
1149
CALL
Petrobras
PBR
$116B
| $27.4M | 0.01% |
1,895,300
+729,900
| +63% | +$10.7M |
|
1150
CALL
Simon Property Group
SPG
$71.4B
| $27.4M | 0.01% |
176,100
+111,200
| +171% | +$17.3M |
|
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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.