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2024-04-03 09:27:07

Citadel LLC

American multinational hedge fund and financial services company.
American multinational hedge fund and financial services company.
Citadel LLC, founded in 1990 by Ken Griffin, has over $58 billion in assets under management. With 2,800 employees, it is one of the most profitable hedge funds globally, posting $74 billion in net gains since inception.
1968
Ken Griffin's Birth
Ken Griffin, the CEO of Citadel and one of Wall Street’s most outspoken investors, was born in 1968.
1987
Griffin's First Hedge Fund
In 1987, at the age of 19, Griffin started his first hedge fund with $265,000 in Cambridge, Massachusetts. He successfully convinced his first investor, a friend in the broking industry.
1990-12
Founding of Citadel
In December 1990, Kenneth Griffin founded Citadel LLC, his most famous undertaking, which achieved over 40% profit for its investors in the first two years.
1994
Citadel renamed from Wellington Financial Group
Citadel, originally named Wellington Financial Group after its flagship fund, changed its name to Citadel in 1994.
1998
Citadel implements capital lockdown
In 1998, Citadel started requiring investors to accept terms that restricted their ability to withdraw their capital, a move that proved beneficial during the collapse of Long Term Capital Management.
2004
Founding of CIG Reinsurance Ltd
In 2004, Citadel founded CIG Reinsurance Ltd, a Bermuda-based catastrophe reinsurer providing $450 million in capital, to enter the reinsurer industry and diversify its investment strategies.
2005
Founding of New Castle Re
In 2005, Citadel founded New Castle Re, a $500 million reinsurer, to capitalize on rising reinsurance prices post-Hurricane Katrina and further diversify its investment portfolio.
2006-11
Citadel issuing bonds
In November 2006, Citadel became the second hedge fund to publicly issue bonds totaling $2 billion in senior unsecured debt.
2007-05
Profile of Ken Griffin in Portfolio Magazine
In May 2007, a profile of Ken Griffin, the founder and CEO of Citadel, was featured in Portfolio Magazine, shedding light on his private nature and limited media interactions.
2008-10-31
Closure of Citadel's Fusion Fund
On October 31, 2008, Citadel announced the shutdown of its fund of funds portfolio called Fusion, which was initiated 18 months earlier with mostly the firm's own capital.
2008-11-17
AM Best rating for New Castle Re
In November 2008, New Castle Re, founded by Citadel, received an 'A−' rating from AM Best, showcasing its financial strength in the reinsurance industry.
2008-12-19
Decision on New Castle Re contracts
On December 19, 2008, Citadel announced it would not renew the rights in New Castle Re contracts, leading to Torus Insurance Holdings taking over the renewals.
2009-01
Placing New Castle Re into run-off
In January 2009, Citadel placed New Castle Re into run-off, marking the end of its operations in the reinsurance industry.
2009-06
Kenneth C. Griffin appointed to E*TRADE's board of directors
In June 2009, Kenneth C. Griffin, the founder and CEO of Citadel, was given a seat on E*TRADE's board of directors as part of the 2007 Citadel investment agreement.
2009-09
Citadel sells portion of investment in E*TRADE
In September 2009, Citadel decided to sell a part of its original investment in E*TRADE to reduce its exposure to a single investment and also decreased its 'Level 3' assets.
2010
Citadel's Kensington and Wellington Funds Return
In 2010, Citadel's Kensington and Wellington funds saw returns of 10 percent, indicating a positive trend in their performance.
2012-01-17
Citadel flagship funds cross high watermarks
On January 17, 2012, Citadel's flagship funds crossed their high watermarks, recovering from the losses incurred during the 2008 financial crisis.
2013-06-30
13F-HR/A
On June 30, 2013, a 13F-HR/A form was filed. This form provides information about the holdings of institutional investment managers.
2013-08-14
13F-HR
On August 14, 2013, a 13F-HR form was filed. This form discloses the securities holdings of institutional investment managers.
2014-03-31
Submission of 13F-HR/A
On March 31, 2014, a submission of 13F-HR/A was made.
2014-05-15
Submission of 13F-HR
On May 15, 2014, a submission of 13F-HR was made.
2014-08-08
Submission of 13F-HR/A
On August 8, 2014, a submission of 13F-HR/A was made.
2015-02-06
Submission of 13F-HR/A
On February 6, 2015, a submission of 13F-HR/A was made.
2015-05-15
Submission of 13F-HR
On May 15, 2015, a submission of 13F-HR was made.
2015-06-26
Submission of 13F-HR/A
On June 26, 2015, a submission of 13F-HR/A was made.
2015-08-07
Submission of 13F-HR/A
On August 7, 2015, a submission of 13F-HR/A was made.
2016-03-31
Submission of 13F-HR/A
On March 31, 2016, a submission of 13F-HR/A was made. This filing discloses the holdings of institutional investment managers, including changes from previous filings.
2016-06-30
Submission of 13F-HR
On June 30, 2016, a submission of 13F-HR was made. This filing discloses the securities holdings of institutional investment managers.
2016-08-12
Submission of 13F-HR
On August 12, 2016, a submission of 13F-HR was made. This filing provides detailed information about institutional investment managers' holdings.
2017-01-31
Submission of 13F-HR/A
On January 31, 2017, a submission of 13F-HR/A was made. This filing provides information about institutional investment managers' holdings.
2017-03-31
Submission of 13F-HR on March 31, 2017
March 31, 2017 marked the submission of a 13F-HR form, providing financial insights.
2017-06-30
Submission of 13F-HR on June 30, 2017
June 30, 2017 saw the submission of a 13F-HR form, disclosing financial data.
2017-08-11
Submission of 13F-HR on August 11, 2017
August 11, 2017 marked the submission of a 13F-HR form, providing insights into financial holdings.
2019-09-30
Financial Activity on September 30, 2019
On September 30, 2019, financial activities took place.
2021-03-31
Submission of 13F-HR/A
On March 31, 2021, a submission of 13F-HR/A was made.
2021-05-05
Gary Gensler reiterates concerns about Citadel Securities
In May 2021, Gary Gensler reiterated concerns about Citadel Securities' role in the GameStop short squeeze event during his testimony to the House of Representatives Financial Services Committee.
2021-05-21
Amendment of 13F-HR
An amendment to the 13F-HR was made on May 21, 2021.
2021-08-16
Submission of 13F-HR
On August 16, 2021, a submission of 13F-HR was made.
2021-12-31
Citadel Ranked #2 of Top Hedge Fund Managers by Net Gains Since Inception
Citadel was ranked as the second top hedge fund manager in terms of net gains since its inception as of December 31, 2021.
2022-06-23
Citadel announces headquarters move to Miami
In June 2022, Kenneth Griffin announced that Citadel would be relocating its headquarters to Miami, Florida, citing a more favorable business environment and concerns over crime in Chicago.
2022-12-31
Citadel Ranked #1 of Top Hedge Fund Managers
LCH Investments NV's Citadel has been ranked as the number one hedge fund manager in terms of net gains since its inception until December 31, 2022.
2023-09-30
Citadel's Holdings in Boston Scientific Corp.
By September 30, 2023, Citadel held approximately 21.16 million shares of Boston Scientific Corp., making up a notable portion of its total portfolio. The fund's investment in Boston Scientific has seen positive returns, reflecting Citadel's strong investment strategies.
2023-11-14
Filing of 13F-HR Form
On November 14, 2023, a 13F-HR form was filed, reporting holdings with a total value of $14203 as of September 30, 2023.
2023-12-31
Citadel Ranked #1 of Great Money Managers
LCH Investments NV's Citadel has been ranked as the top money manager in terms of net gains since its inception until December 31, 2023.
2024-02-14
Filing of 13F-HR Form
On February 14, 2024, a 13F-HR form was filed, reporting holdings with a total value of $500,320,816 as of December 31, 2023.
2024-09-30
Citadel's Holdings in Microsoft and Activision Blizzard
As of September 30, 2024, Citadel owned approximately 5.04 million shares of Microsoft Corp. and 15.02 million shares of Activision Blizzard. These holdings accounted for significant portions of Citadel's total portfolio, showcasing the fund's strategic investment decisions.
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Citadel LLC

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Citadel LLC

American multinational hedge fund and financial services company.
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