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 | |
|---|---|---|---|---|---|---|
1951
PUT
Takeda Pharmaceutical
TAK
$56.3B
| $11.2M | 0.01% |
649,600
+700
| +0.1% | +$12.1K |
|
1952
CALL
Zimmer Biomet
ZBH
$19.2B
| $11.2M | 0.01% |
83,739
+27,398
| +49% | +$3.54M |
|
1953
Global Net Lease
GNL
$1.85B
| $11.1M | 0.01% |
570,506
+174,766
| +44% | +$3.41M |
|
|
ZIONW
1954
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $11.1M | 0.01% |
974,002
-51
| -0% | -$547 |
|
|
MDCO
1955
DELISTED
Medicines Co
MDCO
| $11.1M | 0.01% |
222,084
-330,586
| -60% | -$13.2M |
|
|
DCPH
1956
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $11.1M | 0.01% |
327,080
+38,083
| +13% | +$1.13M |
|
1957
Red Robin
RRGB
$188M
| $11.1M | 0.01% |
333,656
-26,542
| -7% | -$872K |
|
1958
CALL
Omega Healthcare
OHI
$14.1B
| $11.1M | 0.01% |
265,500
+78,600
| +42% | +$3.06M |
|
1959
PUT
Enphase Energy
ENPH
$5.35B
| $11.1M | 0.01% |
498,800
+230,200
| +86% | +$5.9M |
|
1960
Avery Dennison
AVY
$13.6B
| $11.1M | 0.01% |
97,529
-29,032
| -23% | -$3.31M |
|
1961
CALL
Qorvo
QRVO
$8.66B
| $11.1M | 0.01% |
149,300
+20,200
| +16% | +$1.47M |
|
|
ESPR
1962
DELISTED
Esperion Therapeutics
ESPR
| $11.1M | 0.01% |
301,864
+93,101
| +45% | +$3.69M |
|
1963
Telus
TU
$15.4B
| $11M | 0.01% |
619,732
+559,660
| +932% | +$10.2M |
|
1964
CALL
Teladoc Health
TDOC
$1.24B
| $11M | 0.01% |
162,800
+52,900
| +48% | +$3.48M |
|
1965
Abbott
ABT
$193B
| $11M | 0.01% |
131,719
+55,613
| +73% | +$4.73M |
|
1966
Skywest
SKYW
$4.18B
| $11M | 0.01% |
191,970
+92,364
| +93% | +$5.42M |
|
|
PPL
1967
CALL
PPL Corp
PPL
$27.1B
| $11M | 0.01% |
349,900
+19,700
| +6% | +$595K |
|
1968
Herbalife
HLF
$1.29B
| $11M | 0.01% |
290,934
-60,995
| -17% | -$2.38M |
|
1969
Essential Utilities
WTRG
$11.5B
| $11M | 0.01% |
245,469
+49,404
| +25% | +$2.12M |
|
1970
PUT
Incyte
INCY
$24.4B
| $11M | 0.01% |
148,100
+28,600
| +24% | +$2.31M |
|
1971
PUT
Fortinet
FTNT
$117B
| $11M | 0.01% |
716,000
+143,500
| +25% | +$2.33M |
|
1972
Impinj
PI
$5.28B
| $11M | 0.01% |
356,529
+240,124
| +206% | +$8.38M |
|
1973
BioCryst Pharmaceuticals
BCRX
$2.49B
| $11M | 0.01% |
3,833,471
+340,873
| +10% | +$1.06M |
|
1974
CALL
Wheaton Precious Metals
WPM
$61B
| $11M | 0.01% |
418,500
+82,300
| +24% | +$2.21M |
|
1975
CALL
Steel Dynamics
STLD
$36.7B
| $11M | 0.01% |
367,800
+46,500
| +14% | +$1.37M |
|
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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.