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 |
Apple
AAPL
|
+$1.31B |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$339M |
| 3 |
Tesla
TSLA
|
+$275M |
| 4 |
Alibaba
BABA
|
+$236M |
| 5 |
AGN
Allergan plc
AGN
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$474M |
| 2 |
Gilead Sciences
GILD
|
+$359M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
Intel
INTC
|
+$248M |
| 5 |
Microsoft
MSFT
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.37% |
| 2 | Consumer Discretionary | 1.4% |
| 3 | Communication Services | 0.94% |
| 4 | Healthcare | 0.7% |
| 5 | Financials | 0.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.6B
| $179M | 0.07% |
6,755,200
+2,096,800
| +45% | +$56.3M |
|
227
CALL
Norfolk Southern
NSC
$76.8B
| $179M | 0.07% |
1,354,200
+223,600
| +20% | +$27.2M |
|
228
CALL
Expedia Group
EXPE
$38.4B
| $177M | 0.07% |
1,227,300
+667,900
| +119% | +$99M |
|
229
CALL
Philip Morris
PM
$294B
| $176M | 0.07% |
1,587,400
+88,900
| +6% | +$10.3M |
|
230
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $176M | 0.07% |
539,200
-66,400
| -11% | -$21.1M |
|
231
CALL
American Express
AXP
$236B
| $176M | 0.07% |
1,940,100
-47,000
| -2% | -$4.04M |
|
232
PUT
Honeywell
HON
$78.6B
| $175M | 0.07% |
1,366,144
+755,303
| +124% | +$93.7M |
|
233
PUT
United Parcel Service
UPS
$91.5B
| $175M | 0.07% |
1,454,700
+30,300
| +2% | +$3.44M |
|
234
CALL
Palo Alto Networks
PANW
$296B
| $174M | 0.07% |
7,247,400
-356,400
| -5% | -$8.12M |
|
235
CALL
American Airlines Group
AAL
$11B
| $174M | 0.07% |
3,660,700
-416,700
| -10% | -$20.2M |
|
236
PUT
Equifax
EFX
$20.8B
| $173M | 0.07% |
1,633,600
+1,627,600
| +27,127% | +$215M |
|
237
PUT
VanEck Junior Gold Miners ETF
GDXJ
$7.87B
| $172M | 0.07% |
5,117,100
-317,900
| -6% | -$10.7M |
|
238
CALL
Wynn Resorts
WYNN
$10.5B
| $171M | 0.07% |
1,151,000
+388,000
| +51% | +$52.9M |
|
239
PUT
Oracle
ORCL
$416B
| $170M | 0.07% |
3,521,600
+737,200
| +26% | +$36.7M |
|
240
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$233M
| $170M | 0.07% |
659
+533
| +423% | +$205M |
|
|
241
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $168M | 0.07% |
669,588
-1,923,571
| -74% | -$474M |
|
242
CALL
iShares US Real Estate ETF
IYR
$4.67B
| $167M | 0.06% |
2,088,600
-313,500
| -13% | -$25.2M |
|
243
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $167M | 0.06% |
2,349,700
-743,600
| -24% | -$51.1M |
|
244
CALL
Target
TGT
$67.1B
| $167M | 0.06% |
2,825,200
+829,500
| +42% | +$46.5M |
|
245
PUT
SLB Ltd
SLB
$74.1B
| $166M | 0.06% |
2,382,800
-335,900
| -12% | -$22.2M |
|
|
246
PUT
Target
TGT
$67.1B
| $165M | 0.06% |
2,789,400
+594,500
| +27% | +$33.3M |
|
247
CALL
Herbalife
HLF
$1.31B
| $162M | 0.06% |
4,787,200
+2,122,600
| +80% | +$72.6M |
|
248
Costco
COST
$418B
| $162M | 0.06% |
984,964
-289,568
| -23% | -$45.5M |
|
249
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$309M
| $161M | 0.06% |
4,538,300
-479,400
| -10% | -$16.9M |
|
|
250
PUT
Herbalife
HLF
$1.31B
| $160M | 0.06% |
4,726,800
+720,200
| +18% | +$24.6M |
|
Similar funds
Susquehanna International Group's Q3 2017 Portfolio in Review
As of Q3 2017, Susquehanna International Group held 10,422 positions worth $259B, up 14% from $228B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $19.7B of net new capital in Q3 2017, opening 1,312 new positions and adding to 3,605 existing holdings. Its largest new stake was JPMorgan Chase: 794,224 shares worth $75.9M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $474M trimmed.
- Susquehanna International Group's largest Q3 2017 buy was JPMorgan Chase: 794,224 shares worth $75.9M.
- Susquehanna International Group added most to Apple in Q3 2017, an estimated $1.31B increase.
- Susquehanna International Group's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $474M.
- Susquehanna International Group fully exited iShares 20+ Year Treasury Bond ETF in Q3 2017, selling an estimated $69.3M.
- Susquehanna International Group's ten largest holdings make up 24% of its $259B portfolio in Q3 2017.
- Susquehanna International Group opened 1,312 new positions and closed 1,693 in Q3 2017.
- Susquehanna International Group's portfolio value rose 14% quarter-over-quarter to $259B.
Based on Susquehanna International Group's 13F filing for Q3 2017, filed 14 Nov 2017.