Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.39B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$565M |
| 3 |
Citigroup
C
|
+$429M |
| 4 |
United States Oil Fund
USO
|
+$386M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$378M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$946M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$771M |
| 3 |
Alibaba
BABA
|
+$626M |
| 4 |
Tesla
TSLA
|
+$505M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$421M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.01% |
| 2 | Communication Services | 1.39% |
| 3 | Financials | 0.98% |
| 4 | Consumer Discretionary | 0.94% |
| 5 | Healthcare | 0.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Alcon
ALC
$36B
| $7.87M | ﹤0.01% |
+154,878
| New | +$8.9M |
|
2002
PUT
Tenet Healthcare
THC
$21.5B
| $7.87M | ﹤0.01% |
546,600
+800
| +0.1% | +$23K |
|
2003
PUT
Vanguard FTSE Europe ETF
VGK
$31B
| $7.87M | ﹤0.01% |
181,800
-18,800
| -9% | -$996K |
|
2004
PUT
ProShares UltraShort Yen
YCS
$30M
| $7.86M | ﹤0.01% |
424,000
+235,600
| +125% | +$4.52M |
|
2005
iShares US Financials ETF
IYF
$4.44B
| $7.85M | ﹤0.01% |
161,438
+152,586
| +1,724% | +$9.66M |
|
|
MRSH
2006
CALL
Marsh
MRSH
$89.8B
| $7.83M | ﹤0.01% |
90,600
+46,100
| +104% | +$4.91M |
|
2007
CALL
DTE Energy
DTE
$29.3B
| $7.83M | ﹤0.01% |
96,820
+68,032
| +236% | +$6.9M |
|
2008
PUT
Signet Jewelers
SIG
$3.53B
| $7.82M | ﹤0.01% |
1,212,300
-52,700
| -4% | -$1.08M |
|
|
TIF
2009
CALL
DELISTED
Tiffany & Co.
TIF
| $7.81M | ﹤0.01% |
60,300
-403,200
| -87% | -$53.1M |
|
|
IMMU
2010
DELISTED
Immunomedics Inc
IMMU
| $7.81M | ﹤0.01% |
579,211
+337,788
| +140% | +$5.68M |
|
2011
CALL
Neurocrine Biosciences
NBIX
$15.5B
| $7.81M | ﹤0.01% |
90,200
-100,800
| -53% | -$9.86M |
|
|
TMX
2012
PUT
DELISTED
Terminix Global Holdings, Inc.
TMX
| $7.78M | ﹤0.01% |
288,100
+50,400
| +21% | +$1.72M |
|
2013
CALL
Direxion Daily FTSE China Bear 3X ETF
YANG
$98.8M
| $7.78M | ﹤0.01% |
8,575
+7,225
| +535% | +$6.57M |
|
|
BIG
2014
DELISTED
Big Lots, Inc.
BIG
| $7.78M | ﹤0.01% |
546,818
+323,407
| +145% | +$7.32M |
|
2015
CALL
Assured Guaranty
AGO
$3.36B
| $7.77M | ﹤0.01% |
301,100
+24,000
| +9% | +$994K |
|
2016
VICI Properties
VICI
$29.1B
| $7.76M | ﹤0.01% |
466,446
-3,813
| -0.8% | -$89.1K |
|
2017
Under Armour Class C
UA
$2.25B
| $7.76M | ﹤0.01% |
962,910
-123,898
| -11% | -$1.78M |
|
2018
PUT
IPG Photonics
IPGP
$3.64B
| $7.75M | ﹤0.01% |
70,300
-9,300
| -12% | -$1.22M |
|
2019
CALL
Lear
LEA
$8.29B
| $7.75M | ﹤0.01% |
95,400
-123,300
| -56% | -$14.2M |
|
|
FITB
2020
PUT
Fifth Third Bancorp
FITB
$52.7B
| $7.75M | ﹤0.01% |
521,900
+383,700
| +278% | +$9.57M |
|
2021
PUT
Abercrombie & Fitch
ANF
$4.86B
| $7.75M | ﹤0.01% |
852,400
+283,700
| +50% | +$4.11M |
|
2022
iShares MSCI Japan ETF
EWJ
$23.1B
| $7.75M | ﹤0.01% |
156,855
-209,347
| -57% | -$11.5M |
|
2023
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$6B
| $7.74M | ﹤0.01% |
485,430
+90,070
| +23% | +$1.7M |
|
2024
CALL
Oshkosh
OSK
$9.46B
| $7.72M | ﹤0.01% |
120,000
+85,300
| +246% | +$6.69M |
|
2025
Tencent Music
TME
$14.4B
| $7.71M | ﹤0.01% |
766,427
+213,348
| +39% | +$2.63M |
|
Similar funds
Susquehanna International Group's Q1 2020 Portfolio in Review
As of Q1 2020, Susquehanna International Group held 11,456 positions worth $314B, down 9.5% from $347B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group deployed $31.5B of net new capital in Q1 2020, opening 1,843 new positions and adding to 4,539 existing holdings. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, down from 2.2% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Amazon, an estimated $946M trimmed.
- Susquehanna International Group's largest Q1 2020 buy was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.39B increase.
- Susquehanna International Group's biggest Q1 2020 reduction was Amazon, cutting an estimated $946M.
- Susquehanna International Group fully exited Medicines Co in Q1 2020, selling an estimated $92M.
- Susquehanna International Group's ten largest holdings make up 30% of its $314B portfolio in Q1 2020.
- Susquehanna International Group opened 1,843 new positions and closed 1,300 in Q1 2020.
- Susquehanna International Group's portfolio value fell 9.5% quarter-over-quarter to $314B.
Based on Susquehanna International Group's 13F filing for Q1 2020, filed 15 May 2020.