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 | |
|---|---|---|---|---|---|---|
1426
PUT
Martin Marietta Materials
MLM
$32.9B
| $18.9M | 0.01% |
69,100
+8,300
| +14% | +$2.05M |
|
1427
PUT
Albemarle
ALB
$16.1B
| $18.9M | 0.01% |
271,500
+99,200
| +58% | +$6.76M |
|
1428
Murphy Oil
MUR
$4.96B
| $18.8M | 0.01% |
852,096
+585,780
| +220% | +$12.6M |
|
1429
CALL
Cencora
COR
$59.9B
| $18.8M | 0.01% |
228,300
+97,200
| +74% | +$8.36M |
|
1430
Ultragenyx Pharmaceutical
RARE
$2.61B
| $18.8M | 0.01% |
438,746
-45,320
| -9% | -$2.46M |
|
1431
CALL
Sea Limited
SE
$74.7B
| $18.7M | 0.01% |
604,200
-497,000
| -45% | -$16.7M |
|
1432
Krystal Biotech
KRYS
$9.83B
| $18.7M | 0.01% |
538,226
+41,056
| +8% | +$1.84M |
|
1433
Warrior Met Coal
HCC
$5.19B
| $18.7M | 0.01% |
957,274
-520,620
| -35% | -$11.6M |
|
|
CYBR
1434
CALL
DELISTED
CyberArk
CYBR
| $18.7M | 0.01% |
187,100
+5,800
| +3% | +$699K |
|
1435
CALL
Vertex Pharmaceuticals
VRTX
$128B
| $18.7M | 0.01% |
110,200
+8,600
| +8% | +$1.52M |
|
1436
PUT
Darden Restaurants
DRI
$25.6B
| $18.7M | 0.01% |
157,800
+10,500
| +7% | +$1.28M |
|
1437
PUT
MetLife
MET
$62.1B
| $18.6M | 0.01% |
395,100
-31,600
| -7% | -$1.51M |
|
1438
PUT
Danaher
DHR
$142B
| $18.6M | 0.01% |
145,399
+23,801
| +20% | +$2.98M |
|
1439
PUT
Marvell Technology
MRVL
$199B
| $18.6M | 0.01% |
745,100
+259,800
| +54% | +$6.52M |
|
1440
Wheaton Precious Metals
WPM
$61B
| $18.6M | 0.01% |
708,680
+121,824
| +21% | +$3.28M |
|
1441
PUT
Bausch Health
BHC
$2.43B
| $18.6M | 0.01% |
849,700
-81,900
| -9% | -$1.87M |
|
1442
CALL
Enterprise Products Partners
EPD
$84B
| $18.5M | 0.01% |
649,000
+108,400
| +20% | +$3.16M |
|
1443
BJs Wholesale Club
BJ
$11.9B
| $18.5M | 0.01% |
716,706
+422,642
| +144% | +$10.5M |
|
|
PARA
1444
CALL
DELISTED
Paramount Global Class B
PARA
| $18.5M | 0.01% |
459,100
+211,100
| +85% | +$9.88M |
|
1445
Ryder
R
$10.1B
| $18.5M | 0.01% |
357,930
+89,637
| +33% | +$4.68M |
|
1446
Rio Tinto
RIO
$156B
| $18.5M | 0.01% |
355,421
-1,130,043
| -76% | -$61.3M |
|
1447
B&G Foods
BGS
$294M
| $18.5M | 0.01% |
978,782
+941,461
| +2,523% | +$18.1M |
|
|
WBT
1448
DELISTED
Welbilt, Inc.
WBT
| $18.5M | 0.01% |
1,097,467
-351,177
| -24% | -$5.7M |
|
1449
Ryman Hospitality Properties
RHP
$7.92B
| $18.5M | 0.01% |
225,692
+28,485
| +14% | +$2.25M |
|
1450
CALL
Lennar Class A
LEN
$20.9B
| $18.4M | 0.01% |
340,787
-174,887
| -34% | -$8.52M |
|
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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.