Overview of Citadel Advisors
Kenneth Griffin’s Citadel Advisors was established in 1990 and is a leading global financial institution that provides asset management and capital markets services. The fund manages in excess of $20 billion in investment capital on behalf of institutional investors and families with high net worths.
In this series, we’ll go through some of the positions the fund traded in the third quarter, as well as in the latest quarter that the company disclosed via its 13G filings. The fund added to its positions in Newfield Exploration Co. (NFX), JAKKS Pacific, Inc. (JAKK), Rosetta Resources, Inc. (ROSE), Angie’s List, Inc. (ANGI), Blackhawk Network (HAWK), and PHH Corp (PHH).
The fund’s 2Q14 portfolio was worth $73.4 billion, up from $72.5 billion in 1Q14. The total portfolio has over 3000 stocks. See Market Realist’s article on highlights of Citadel’s positions in 2Q14 for more information.
An analysis of 2Q14 hedge fund filings ranked Citadel and Renaissance the highest in terms of total equity holdings, followed by Millennium Management. Citadel’s flagship funds, Kensington and Wellington, generated 15% year-to-date returns through September.
The Citadel group includes Citadel, an industry-leading alternative asset manager, Citadel Securities, one of the leading liquidity providers in America’s capital markets, and Citadel Technology, a solutions provider for investment management technology.
The next part of this series will highlight Citadel’s latest position increase in Newfield Exploration.