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 |
Amazon
AMZN
|
+$1.68B |
| 2 |
Synchrony
SYF
|
+$441M |
| 3 |
Meta Platforms (Facebook)
META
|
+$370M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$349M |
| 5 |
Comcast
CMCSA
|
+$338M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$783M |
| 2 |
Morgan Stanley
MS
|
+$518M |
| 3 |
Lowe's Companies
LOW
|
+$474M |
| 4 |
Visa
V
|
+$425M |
| 5 |
Netflix
NFLX
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 4.99% |
| 2 | Technology | 4.47% |
| 3 | Consumer Discretionary | 3.8% |
| 4 | Industrials | 3.78% |
| 5 | Healthcare | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Costco
COST
$419B
| $190M | 0.1% |
933,400
+146,600
| +19% | +$32.7M |
|
127
PNC Financial Services
PNC
$101B
| $188M | 0.1% |
1,606,057
-1,690,645
| -51% | -$216M |
|
128
Devon Energy
DVN
$49.9B
| $186M | 0.1% |
8,233,394
+7,910,588
| +2,451% | +$243M |
|
129
PUT
Walt Disney
DIS
$179B
| $185M | 0.1% |
1,688,600
-56,300
| -3% | -$6.4M |
|
130
PUT
Nike
NKE
$61.3B
| $185M | 0.1% |
2,494,500
+72,800
| +3% | +$5.45M |
|
131
PUT
Advanced Micro Devices
AMD
$774B
| $184M | 0.1% |
9,977,100
-2,071,900
| -17% | -$44.8M |
|
132
Royal Caribbean
RCL
$82.1B
| $184M | 0.1% |
1,880,910
-1,325,487
| -41% | -$145M |
|
133
PUT
Bank of America
BAC
$448B
| $184M | 0.1% |
7,454,400
-7,132,600
| -49% | -$194M |
|
134
PUT
Goldman Sachs
GS
$301B
| $183M | 0.1% |
1,094,600
+23,700
| +2% | +$4.78M |
|
135
CALL
ExxonMobil
XOM
$657B
| $183M | 0.1% |
2,680,500
+137,100
| +5% | +$10.8M |
|
|
136
CALL
Comcast
CMCSA
$91B
| $183M | 0.1% |
5,367,100
-1,683,300
| -24% | -$61.5M |
|
137
PUT
PayPal
PYPL
$50.5B
| $182M | 0.1% |
2,160,600
-139,300
| -6% | -$11.6M |
|
138
Vulcan Materials
VMC
$37.3B
| $181M | 0.1% |
1,832,429
+367,990
| +25% | +$37.3M |
|
139
CALL
AT&T
T
$168B
| $180M | 0.1% |
8,367,150
+1,553,449
| +23% | +$36.2M |
|
140
CALL
IBM
IBM
$225B
| $180M | 0.1% |
1,656,550
-166,000
| -9% | -$19.9M |
|
141
PUT
Merck
MRK
$322B
| $179M | 0.1% |
2,448,652
+931,462
| +61% | +$65.8M |
|
142
State Street
STT
$51.4B
| $178M | 0.1% |
2,821,443
+1,728,351
| +158% | +$124M |
|
143
Kimberly-Clark
KMB
$36.1B
| $177M | 0.1% |
1,554,149
+1,158,457
| +293% | +$129M |
|
144
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $177M | 0.1% |
1,665,025
+467,950
| +39% | +$65.4M |
|
145
CALL
Mastercard
MA
$492B
| $176M | 0.1% |
935,400
-158,200
| -14% | -$31.4M |
|
146
Nutrien
NTR
$32.1B
| $176M | 0.1% |
3,737,505
+1,686,521
| +82% | +$88M |
|
|
VMW
147
DELISTED
VMware, Inc
VMW
| $176M | 0.1% |
1,280,968
+743,239
| +138% | +$112M |
|
148
Dollar General
DG
$26.5B
| $175M | 0.1% |
1,623,754
+1,564,183
| +2,626% | +$169M |
|
149
PUT
Intel
INTC
$493B
| $174M | 0.1% |
3,709,500
-20,700
| -0.6% | -$969K |
|
150
Emerson Electric
EMR
$91.7B
| $174M | 0.1% |
2,911,941
+1,168,837
| +67% | +$78.8M |
|
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Ken Griffin's Q4 2018 Portfolio in Review
As of Q4 2018, Ken Griffin held 10,385 positions worth $183B, down 19% from $224B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ken Griffin withdrew a net $8B in Q4 2018, closing 1,371 positions and reducing 3,800 holdings. Its most notable exit was Aetna Inc, an estimated $783M position sold in full.
By sector, the portfolio is most concentrated in Financials at 5% of assets, down from 5.9% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Ken Griffin opened a new position in Assurant worth $99.4M.
- Ken Griffin's largest Q4 2018 buy was Assurant: 1,111,342 shares worth $99.4M.
- Ken Griffin added most to Amazon in Q4 2018, an estimated $1.68B increase.
- Ken Griffin's biggest Q4 2018 reduction was Morgan Stanley, cutting an estimated $518M.
- Ken Griffin fully exited Aetna Inc in Q4 2018, selling an estimated $783M.
- Ken Griffin's ten largest holdings make up 24% of its $183B portfolio in Q4 2018.
- Ken Griffin opened 1,237 new positions and closed 1,371 in Q4 2018.
- Ken Griffin's portfolio value fell 19% quarter-over-quarter to $183B.
Based on Citadel Advisors's 13F filing for Q4 2018, filed 14 Feb 2019.