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 | |
|---|---|---|---|---|---|---|
|
ALDR
1876
DELISTED
Alder Biopharmaceuticals
ALDR
| $11.9M | 0.01% |
633,162
-2,447,325
| -79% | -$28M |
|
1877
Martin Marietta Materials
MLM
$32.9B
| $11.9M | 0.01% |
43,542
-21,217
| -33% | -$5.24M |
|
|
IMMU
1878
CALL
DELISTED
Immunomedics Inc
IMMU
| $11.9M | 0.01% |
899,800
-43,600
| -5% | -$641K |
|
1879
Kaiser Aluminum
KALU
$2.97B
| $11.9M | 0.01% |
120,512
+32,824
| +37% | +$3.09M |
|
1880
W.P. Carey
WPC
$16.3B
| $11.9M | 0.01% |
136,038
+49,630
| +57% | +$4.23M |
|
1881
CALL
Synopsys
SNPS
$80.7B
| $11.9M | 0.01% |
86,800
-18,800
| -18% | -$2.54M |
|
1882
PUT
Assured Guaranty
AGO
$3.38B
| $11.9M | 0.01% |
267,800
-166,000
| -38% | -$7.31M |
|
1883
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.26B
| $11.9M | 0.01% |
199,784
+188,241
| +1,631% | +$11.4M |
|
|
EBIX
1884
DELISTED
Ebix Inc
EBIX
| $11.9M | 0.01% |
282,751
+43,279
| +18% | +$1.82M |
|
1885
PUT
Herbalife
HLF
$1.29B
| $11.9M | 0.01% |
313,400
-193,800
| -38% | -$7.57M |
|
1886
PUT
Ralph Lauren
RL
$23.2B
| $11.8M | 0.01% |
124,100
+56,500
| +84% | +$5.59M |
|
1887
PUT
Hilton Worldwide
HLT
$73.6B
| $11.8M | 0.01% |
127,200
-6,600
| -5% | -$626K |
|
|
KL
1888
CALL
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $11.8M | 0.01% |
264,200
+40,400
| +18% | +$1.84M |
|
1889
PUT
Madison Square Garden
MSGS
$9.8B
| $11.8M | 0.01% |
62,950
+34,910
| +125% | +$6.85M |
|
1890
CALL
New Oriental
EDU
$8.36B
| $11.8M | 0.01% |
106,800
-155,700
| -59% | -$16.3M |
|
1891
CALL
Eversource Energy
ES
$27.2B
| $11.8M | 0.01% |
138,100
-200
| -0.1% | -$15.9K |
|
1892
PUT
Enterprise Products Partners
EPD
$84B
| $11.8M | 0.01% |
412,700
+175,400
| +74% | +$5.11M |
|
1893
uniQure
QURE
$3.37B
| $11.8M | 0.01% |
299,542
-8,979
| -3% | -$518K |
|
|
VAR
1894
DELISTED
Varian Medical Systems, Inc.
VAR
| $11.8M | 0.01% |
98,977
+59,659
| +152% | +$7.1M |
|
|
CSGS
1895
DELISTED
CSG Systems International
CSGS
| $11.8M | 0.01% |
228,061
-35,431
| -13% | -$1.81M |
|
1896
BWX Technologies
BWXT
$15.9B
| $11.8M | 0.01% |
205,663
+48,199
| +31% | +$2.69M |
|
|
BZUN
1897
CALL
Baozun
BZUN
$165M
| $11.7M | 0.01% |
275,100
-34,500
| -11% | -$1.64M |
|
1898
PUT
Pan American Silver
PAAS
$20B
| $11.7M | 0.01% |
748,700
+491,300
| +191% | +$7.95M |
|
|
CBAY
1899
DELISTED
Cymabay Therapeutics
CBAY
| $11.7M | 0.01% |
2,292,340
-27,794
| -1% | -$168K |
|
1900
Tradeweb Markets
TW
$22.4B
| $11.7M | 0.01% |
317,292
-393,806
| -55% | -$17.4M |
|
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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.