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 | |
|---|---|---|---|---|---|---|
2076
Sabre
SABR
$900M
| $10M | ﹤0.01% |
447,125
-147,730
| -25% | -$3.47M |
|
|
CS
2077
DELISTED
Credit Suisse Group
CS
| $10M | ﹤0.01% |
819,586
+140,339
| +21% | +$1.69M |
|
2078
Under Armour
UAA
$2.3B
| $9.98M | ﹤0.01% |
500,719
-3,013,165
| -86% | -$66.5M |
|
2079
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.32B
| $9.98M | ﹤0.01% |
91,800
+44,500
| +94% | +$4.82M |
|
|
GPOR
2080
DELISTED
Gulfport Energy Corp.
GPOR
| $9.98M | ﹤0.01% |
3,681,003
+683,668
| +23% | +$2.28M |
|
2081
CALL
Weyerhaeuser
WY
$17.7B
| $9.97M | ﹤0.01% |
360,100
+86,700
| +32% | +$2.26M |
|
2082
Quaker Houghton
KWR
$2.94B
| $9.97M | ﹤0.01% |
63,040
+48,462
| +332% | +$8.3M |
|
2083
PUT
DXC Technology
DXC
$1.72B
| $9.96M | ﹤0.01% |
337,800
+231,800
| +219% | +$9.88M |
|
|
NUAN
2084
DELISTED
Nuance Communications, Inc.
NUAN
| $9.96M | ﹤0.01% |
705,666
-206,979
| -23% | -$2.98M |
|
2085
iShares MSCI EAFE Value ETF
EFV
$30.1B
| $9.95M | ﹤0.01% |
210,133
-297,869
| -59% | -$13.9M |
|
2086
PUT
Welltower
WELL
$170B
| $9.95M | ﹤0.01% |
109,800
+64,100
| +140% | +$5.58M |
|
2087
Lennar Class A
LEN
$20.9B
| $9.93M | ﹤0.01% |
183,616
-1,157,337
| -86% | -$56.4M |
|
2088
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$6.39B
| $9.92M | ﹤0.01% |
595,000
+145,000
| +32% | +$2.41M |
|
2089
CALL
Liberty Global Class A
LBTYA
$3.57B
| $9.91M | ﹤0.01% |
400,400
-1,454,800
| -78% | -$38.8M |
|
2090
iShares MSCI Italy ETF
EWI
$1.08B
| $9.9M | ﹤0.01% |
359,238
+261,342
| +267% | +$7.12M |
|
2091
PUT
Allstate
ALL
$66.1B
| $9.9M | ﹤0.01% |
91,100
-700
| -0.8% | -$73.1K |
|
2092
CALL
CBRE Group
CBRE
$44.3B
| $9.89M | ﹤0.01% |
186,600
+96,900
| +108% | +$5.1M |
|
2093
CALL
Cullen/Frost Bankers
CFR
$10.6B
| $9.89M | ﹤0.01% |
111,700
+93,100
| +501% | +$8.25M |
|
2094
Eldorado Gold
EGO
$10.4B
| $9.86M | ﹤0.01% |
1,269,150
+1,111,725
| +706% | +$9.04M |
|
2095
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $9.84M | ﹤0.01% |
260,600
+44,800
| +21% | +$1.67M |
|
2096
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $9.83M | ﹤0.01% |
111,763
-17,576
| -14% | -$1.56M |
|
2097
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.24B
| $9.82M | ﹤0.01% |
121,893
+118,419
| +3,409% | +$9.56M |
|
2098
Plains GP Holdings
PAGP
$5.11B
| $9.82M | ﹤0.01% |
+462,664
| New | +$10.7M |
|
2099
PUT
Signet Jewelers
SIG
$3.52B
| $9.82M | ﹤0.01% |
585,700
+153,500
| +36% | +$2.41M |
|
|
IFLN
2100
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$307M
| $9.81M | ﹤0.01% |
515,641
+481,898
| +1,428% | +$9.15M |
|
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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 1,180 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.