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
|
+$615M |
| 2 |
Uber
UBER
|
+$551M |
| 3 |
Expedia Group
EXPE
|
+$523M |
| 4 |
PayPal
PYPL
|
+$452M |
| 5 |
Eaton
ETN
|
+$408M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$681M |
| 2 |
RTN
Raytheon Company
RTN
|
+$543M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$537M |
| 4 |
Charter Communications
CHTR
|
+$472M |
| 5 |
SPDR Gold Trust
GLD
|
+$464M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.14% |
| 2 | Financials | 4.52% |
| 3 | Industrials | 4.17% |
| 4 | Healthcare | 3.91% |
| 5 | Consumer Discretionary | 3.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PUT
Biogen
BIIB
$30.1B
| $255M | 0.11% |
860,600
+168,200
| +24% | +$46.7M |
|
127
PUT
ServiceNow
NOW
$132B
| $252M | 0.11% |
4,458,500
+982,500
| +28% | +$51.8M |
|
128
United Airlines
UAL
$41B
| $251M | 0.11% |
2,849,576
-1,317,227
| -32% | -$118M |
|
129
CALL
AbbVie
ABBV
$442B
| $250M | 0.11% |
2,820,100
-715,000
| -20% | -$59.4M |
|
130
PUT
Walmart Inc
WMT
$901B
| $247M | 0.11% |
6,240,600
-3,097,500
| -33% | -$123M |
|
|
WRK
131
DELISTED
WestRock Company
WRK
| $245M | 0.11% |
5,720,599
+1,608,975
| +39% | +$62.7M |
|
|
132
AbbVie
ABBV
$442B
| $244M | 0.11% |
2,750,621
+2,378,946
| +640% | +$197M |
|
133
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $243M | 0.11% |
852,700
-39,300
| -4% | -$10.8M |
|
134
PUT
Lam Research
LRCX
$390B
| $243M | 0.11% |
8,298,000
-1,104,000
| -12% | -$29.3M |
|
135
CALL
Goldman Sachs
GS
$301B
| $240M | 0.1% |
1,042,100
+221,000
| +27% | +$48M |
|
136
CALL
Berkshire Hathaway Class B
BRK.B
$1.11T
| $240M | 0.1% |
1,057,700
+9,200
| +0.9% | +$2M |
|
137
DTE Energy
DTE
$28.6B
| $238M | 0.1% |
2,156,932
+1,874,500
| +664% | +$202M |
|
138
Verizon
VZ
$196B
| $235M | 0.1% |
3,826,647
-5,556,119
| -59% | -$335M |
|
139
F5
FFIV
$23.4B
| $233M | 0.1% |
1,667,603
-358,705
| -18% | -$50.5M |
|
|
140
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $232M | 0.1% |
814,500
-238,000
| -23% | -$65.6M |
|
141
Micron Technology
MU
$981B
| $232M | 0.1% |
4,305,497
-3,143,014
| -42% | -$150M |
|
142
Dover
DOV
$28.1B
| $231M | 0.1% |
2,000,106
-798,048
| -29% | -$85.5M |
|
143
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $230M | 0.1% |
1,694,800
+388,200
| +30% | +$54M |
|
144
CALL
Home Depot
HD
$353B
| $230M | 0.1% |
1,051,200
+195,600
| +23% | +$44.3M |
|
145
CALL
Caterpillar
CAT
$388B
| $229M | 0.1% |
1,552,300
-57,500
| -4% | -$8.02M |
|
146
PUT
Gilead Sciences
GILD
$168B
| $227M | 0.1% |
3,489,000
+920,600
| +36% | +$60M |
|
147
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.9B
| $227M | 0.1% |
5,052,300
-58,800
| -1% | -$2.52M |
|
148
Vertex Pharmaceuticals
VRTX
$134B
| $226M | 0.1% |
1,030,835
+316,096
| +44% | +$64M |
|
149
Equitable Holdings
EQH
$14B
| $225M | 0.1% |
9,061,236
+8,515,193
| +1,559% | +$197M |
|
150
CALL
Mastercard
MA
$492B
| $224M | 0.1% |
749,500
+58,300
| +8% | +$16.4M |
|
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Ken Griffin's Q4 2019 Portfolio in Review
As of Q4 2019, Ken Griffin held 10,299 positions worth $230B, up 8.7% from $212B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ken Griffin withdrew a net $8.18B in Q4 2019, closing 1,266 positions and reducing 4,117 holdings. Its most notable exit was Celgene Corp, an estimated $681M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.1% of assets, down from 5.3% a quarter earlier, followed by Financials and Industrials.
Against the trend, Ken Griffin opened a new position in Interxion Holding N.V. worth $83.9M.
- Ken Griffin's largest Q4 2019 buy was Interxion Holding N.V.: 1,000,931 shares worth $83.9M.
- Ken Griffin added most to Amazon in Q4 2019, an estimated $615M increase.
- Ken Griffin's biggest Q4 2019 reduction was Raytheon Company, cutting an estimated $543M.
- Ken Griffin fully exited Celgene Corp in Q4 2019, selling an estimated $681M.
- Ken Griffin's ten largest holdings make up 23% of its $230B portfolio in Q4 2019.
- Ken Griffin opened 1,220 new positions and closed 1,266 in Q4 2019.
- Ken Griffin's portfolio value rose 8.7% quarter-over-quarter to $230B.
Based on Citadel Advisors's 13F filing for Q4 2019, filed 14 Feb 2020.