Style
CoreTurnover
Orientation
Concentrated traderCitadel Advisors employs an active, high-turnover growth style, maintaining a highly diversified portfolio of over 15,000 positions. Despite this breadth, the fund is heavily concentrated in mega-cap technology, with its top 15 holdings including NVIDIA, Amazon, and Taiwan Semiconductor representing just 3.5% of assets due to a remarkably flat allocation curve—the largest position, NVIDIA at $3.3B, accounts for only 0.5% of the $618.5B AUM. Sectorally, Technology leads at 18.7%, followed by a 16.4% unclassified segment and Healthcare at 12.0%, while the portfolio also shows significant exposure to Financial Services and Industrials at 11.2% and 10.3%, respectively. The combination of an immense number of small positions, a high-turnover approach, and a tilt toward semiconductor and platform leaders reveals a strategy of making modest, conviction-weighted bets across a vast opportunity set, prioritizing liquidity and rapid adjustment over concentrated ownership.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Ishares TR(IVV) | 17,676,489 | $13.2B | 1.51% |
| 2 | Amazon COM Inc(AMZN) | 10,882,003 | $2.6B | 0.30% |
| 3 | Nvidia Corporation(NVDA) | 11,815,467 | $2.4B | 0.27% |
| 4 | Apple Inc(AAPL) | 7,296,076 | $2.1B | 0.24% |
Latest filing, equity positions only
| 5 |
| Microsoft Corp(MSFT) |
| 3,770,405 |
| $1.4B |
| 0.16% |
| 6 | Electronic Arts Inc(EA) | 5,906,884 | $1.2B | 0.14% |
| 7 | Warner Bros Discovery Inc(WBD) | 44,587,810 | $1.2B | 0.14% |
| 8 | ELI Lilly & Co(LLY) | 945,456 | $1.1B | 0.13% |
| 9 | Broadcom Inc(AVGO) | 2,901,715 | $1.1B | 0.13% |
| 10 | Alphabet Inc(GOOGL) | 2,990,581 | $1.1B | 0.12% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Unclassified | 11.21% | 14.82% | +3.61% |
| Financial Services | 12.16% | 10.49% | -1.67% |
| Consumer Cyclical | 9.6% | 8.57% | -1.03% |
| Consumer Defensive | 4.38% | 5.18% | +0.8% |
| Real Estate | 3.69% | 2.97% | -0.72% |
| Basic Materials | 3.21% | 2.59% | -0.62% |
| Communication Services | 5.31% | 5.92% | +0.61% |
| Energy | 4.3% | 3.9% | -0.4% |
| Healthcare | 13.07% | 12.7% | -0.37% |
| Utilities | 2.85% | 2.63% | -0.22% |
| Technology | 19.33% | 19.21% | -0.12% |
| Industrials | 10.89% | 11.01% | +0.12% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Large Cap | 49.3% | 47.57% | -1.73% |
| Mega Cap | 18.79% | 18.76% | -0.03% |
| Unclassified | 11.23% | 14.84% | +3.61% |
| Mid Cap | 16.78% | 14.52% | -2.26% |
| Small Cap | 3.61% | 3.94% | +0.33% |
| Micro Cap | 0.29% | 0.37% | +0.08% |
Quarter-over-quarter position changes