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 | |
|---|---|---|---|---|---|---|
|
ABMD
1276
CALL
DELISTED
Abiomed Inc
ABMD
| $22.6M | 0.01% |
127,000
+40,000
| +46% | +$8.65M |
|
1277
CALL
Five Below
FIVE
$13.5B
| $22.6M | 0.01% |
179,100
+24,500
| +16% | +$2.98M |
|
1278
CALL
Weibo
WB
$1.87B
| $22.6M | 0.01% |
504,500
-138,600
| -22% | -$5.87M |
|
1279
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $22.5M | 0.01% |
200,300
+61,700
| +45% | +$6.88M |
|
1280
Equity Residential
EQR
$24.8B
| $22.5M | 0.01% |
260,956
-477,347
| -65% | -$39M |
|
1281
PUT
Phillips 66
PSX
$92.7B
| $22.5M | 0.01% |
219,500
+50,900
| +30% | +$5.1M |
|
1282
Elanco Animal Health
ELAN
$11.8B
| $22.4M | 0.01% |
844,154
-1,346,529
| -61% | -$40.4M |
|
1283
Wabtec
WAB
$50.7B
| $22.4M | 0.01% |
312,348
+203,841
| +188% | +$14.5M |
|
|
MDP
1284
DELISTED
Meredith Corporation
MDP
| $22.4M | 0.01% |
610,793
+384,632
| +170% | +$17.9M |
|
1285
CALL
International Paper
IP
$21.5B
| $22.4M | 0.01% |
565,382
+49,209
| +10% | +$1.92M |
|
1286
Trip.com Group
TCOM
$28.3B
| $22.4M | 0.01% |
764,364
+634,996
| +491% | +$22.3M |
|
1287
Synchrony
SYF
$26.3B
| $22.2M | 0.01% |
652,508
-1,937,892
| -75% | -$66.5M |
|
|
ABMD
1288
PUT
DELISTED
Abiomed Inc
ABMD
| $22.2M | 0.01% |
124,700
-14,000
| -10% | -$3.03M |
|
1289
Cirrus Logic
CRUS
$6.06B
| $22.2M | 0.01% |
413,708
+169,848
| +70% | +$8.68M |
|
1290
CALL
Southern Company
SO
$107B
| $22.2M | 0.01% |
358,800
+161,200
| +82% | +$9.34M |
|
|
1291
CALL
Trip.com Group
TCOM
$28.3B
| $22.1M | 0.01% |
755,900
+68,500
| +10% | +$2.41M |
|
1292
Ironwood Pharmaceuticals
IRWD
$702M
| $22.1M | 0.01% |
2,578,169
-1,573,393
| -38% | -$15.3M |
|
1293
O-I Glass
OI
$1.03B
| $22.1M | 0.01% |
2,153,221
+1,551,568
| +258% | +$20M |
|
1294
PUT
HubSpot
HUBS
$11.3B
| $22.1M | 0.01% |
145,700
+67,200
| +86% | +$12.1M |
|
1295
PUT
Colgate-Palmolive
CL
$73.5B
| $22.1M | 0.01% |
300,100
+16,400
| +6% | +$1.19M |
|
1296
CALL
W.W. Grainger
GWW
$62.1B
| $22M | 0.01% |
74,200
-111,700
| -60% | -$31.1M |
|
|
JWN
1297
DELISTED
Nordstrom
JWN
| $22M | 0.01% |
653,905
+290,716
| +80% | +$8.87M |
|
|
VTLE
1298
DELISTED
Vital Energy
VTLE
| $22M | 0.01% |
456,567
+18,566
| +4% | +$1.03M |
|
1299
PUT
Linde
LIN
$222B
| $22M | 0.01% |
113,500
+11,000
| +11% | +$2.13M |
|
1300
CALL
Viatris
VTRS
$18.7B
| $22M | 0.01% |
1,111,200
-336,100
| -23% | -$6.59M |
|
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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.