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 | |
|---|---|---|---|---|---|---|
1476
Edgewell Personal Care
EPC
$1.31B
| $18M | 0.01% |
553,294
-701,087
| -56% | -$20.9M |
|
|
QEP
1477
DELISTED
QEP RESOURCES, INC.
QEP
| $18M | 0.01% |
4,857,562
+2,005,853
| +70% | +$9.55M |
|
1478
PUT
Take-Two Interactive
TTWO
$46.2B
| $17.9M | 0.01% |
143,200
-62,900
| -31% | -$7.85M |
|
|
STI
1479
CALL
DELISTED
SunTrust Banks, Inc.
STI
| $17.9M | 0.01% |
260,000
+42,000
| +19% | +$2.69M |
|
1480
Builders FirstSource
BLDR
$7.8B
| $17.9M | 0.01% |
867,762
+281,352
| +48% | +$5.24M |
|
1481
CALL
Archer Daniels Midland
ADM
$38.8B
| $17.8M | 0.01% |
434,200
+23,100
| +6% | +$919K |
|
1482
CALL
iQIYI
IQ
$1.3B
| $17.8M | 0.01% |
1,105,100
-66,900
| -6% | -$1.23M |
|
1483
Cincinnati Financial
CINF
$26.6B
| $17.8M | 0.01% |
152,481
+29,543
| +24% | +$3.25M |
|
|
BLD
1484
DELISTED
TopBuild
BLD
| $17.8M | 0.01% |
184,403
+62,616
| +51% | +$5.53M |
|
1485
Q2 Holdings
QTWO
$4.04B
| $17.7M | 0.01% |
224,957
+216,752
| +2,642% | +$17.9M |
|
1486
CALL
Kinder Morgan
KMI
$73.1B
| $17.7M | 0.01% |
860,400
-311,900
| -27% | -$6.4M |
|
1487
PUT
Pinduoduo
PDD
$121B
| $17.7M | 0.01% |
549,000
-404,600
| -42% | -$10.8M |
|
1488
Arcosa
ACA
$7.14B
| $17.7M | 0.01% |
516,824
+265,135
| +105% | +$9.18M |
|
1489
PUT
Dominion Energy
D
$60.5B
| $17.7M | 0.01% |
218,000
+33,600
| +18% | +$2.6M |
|
1490
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.21B
| $17.6M | 0.01% |
126,680
-55,860
| -31% | -$9.53M |
|
1491
Terex
TEX
$7.76B
| $17.6M | 0.01% |
679,187
+406,655
| +149% | +$11.2M |
|
|
AYX
1492
CALL
DELISTED
Alteryx Inc
AYX
| $17.6M | 0.01% |
164,100
+67,500
| +70% | +$8.38M |
|
|
AIV
1493
Aimco
AIV
$383M
| $17.6M | 0.01% |
2,537,780
+1,393,968
| +122% | +$9.44M |
|
1494
United Parcel Service
UPS
$88.9B
| $17.6M | 0.01% |
147,079
-22,797
| -13% | -$2.61M |
|
1495
PUT
Travelers Companies
TRV
$77.2B
| $17.6M | 0.01% |
118,300
+58,700
| +98% | +$8.73M |
|
1496
CALL
Vulcan Materials
VMC
$36.5B
| $17.6M | 0.01% |
116,100
+19,200
| +20% | +$2.71M |
|
1497
CALL
Kohl's
KSS
$2.18B
| $17.6M | 0.01% |
353,400
-29,600
| -8% | -$1.45M |
|
1498
PUT
Sea Limited
SE
$74.7B
| $17.5M | 0.01% |
565,900
+120,400
| +27% | +$4.04M |
|
1499
JPMorgan Chase
JPM
$964B
| $17.5M | 0.01% |
148,498
-161,082
| -52% | -$18.2M |
|
1500
PUT
Keysight
KEYS
$61.1B
| $17.5M | 0.01% |
179,700
+122,800
| +216% | +$11.4M |
|
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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.