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 |
Boeing
BA
|
+$923M |
| 2 |
Walt Disney
DIS
|
+$710M |
| 3 |
Bank of America
BAC
|
+$510M |
| 4 |
Amazon
AMZN
|
+$481M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$393M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.65B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$678M |
| 3 |
Micron Technology
MU
|
+$514M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$327M |
| 5 |
Alibaba
BABA
|
+$307M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.39% |
| 2 | Consumer Discretionary | 1.19% |
| 3 | Communication Services | 1.11% |
| 4 | Financials | 0.93% |
| 5 | Healthcare | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
CALL
Duke Energy
DUK
$97.3B
| $144M | 0.06% |
1,597,200
+516,100
| +48% | +$45.5M |
|
277
CALL
Delta Air Lines
DAL
$60.1B
| $144M | 0.06% |
2,782,500
-650,800
| -19% | -$32.3M |
|
278
PUT
Align Technology
ALGN
$12.3B
| $144M | 0.06% |
505,100
+15,200
| +3% | +$3.63M |
|
279
CALL
Morgan Stanley
MS
$340B
| $143M | 0.06% |
3,385,600
-1,591,700
| -32% | -$67M |
|
280
PUT
Altria Group
MO
$114B
| $143M | 0.06% |
2,484,000
-1,751,600
| -41% | -$89.5M |
|
|
CTXS
281
PUT
DELISTED
Citrix Systems Inc
CTXS
| $142M | 0.06% |
1,425,600
+764,900
| +116% | +$79.3M |
|
|
TWTR
282
CALL
DELISTED
Twitter, Inc.
TWTR
| $141M | 0.06% |
4,286,400
-4,548,000
| -51% | -$144M |
|
283
PUT
Target
TGT
$68B
| $139M | 0.06% |
1,734,000
-1,221,200
| -41% | -$89.3M |
|
284
CALL
eBay
EBAY
$49.8B
| $139M | 0.06% |
3,744,500
+3,001,300
| +404% | +$104M |
|
285
PUT
Autodesk
ADSK
$52.6B
| $139M | 0.06% |
890,500
+376,600
| +73% | +$56.3M |
|
286
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.5B
| $139M | 0.06% |
4,763,600
+930,400
| +24% | +$25.9M |
|
287
PUT
Constellation Brands
STZ
$23.2B
| $138M | 0.06% |
788,400
-104,800
| -12% | -$17.7M |
|
288
PUT
3M
MMM
$94.3B
| $138M | 0.06% |
795,460
-235,014
| -23% | -$39.6M |
|
289
PUT
Cisco
CSCO
$479B
| $138M | 0.06% |
2,555,100
-1,431,100
| -36% | -$69.5M |
|
290
PUT
Western Digital
WDC
$150B
| $137M | 0.06% |
3,778,620
-300,851
| -7% | -$10.3M |
|
291
Ford
F
$55.7B
| $137M | 0.06% |
15,614,370
-2,975,473
| -16% | -$25.6M |
|
292
PUT
Las Vegas Sands
LVS
$29.6B
| $136M | 0.06% |
2,234,300
-1,294,400
| -37% | -$76.2M |
|
293
AB InBev
BUD
$165B
| $136M | 0.06% |
1,616,796
+945,222
| +141% | +$72.7M |
|
|
RTN
294
CALL
DELISTED
Raytheon Company
RTN
| $135M | 0.06% |
738,900
+445,200
| +152% | +$77.6M |
|
295
PUT
NXP Semiconductors
NXPI
$60.4B
| $134M | 0.06% |
1,521,400
-775,500
| -34% | -$68.1M |
|
296
CALL
Texas Instruments
TXN
$261B
| $134M | 0.06% |
1,266,800
-524,200
| -29% | -$54.3M |
|
297
CALL
Blackrock
BLK
$176B
| $134M | 0.06% |
313,100
-132,400
| -30% | -$55.5M |
|
298
PUT
Spotify
SPOT
$100B
| $134M | 0.05% |
963,100
+409,100
| +74% | +$55.9M |
|
299
CALL
Abbott
ABT
$187B
| $134M | 0.05% |
1,671,100
-829,000
| -33% | -$61.7M |
|
300
CALL
Norfolk Southern
NSC
$75.1B
| $133M | 0.05% |
709,900
-5,761,700
| -89% | -$997M |
|
Similar funds
Susquehanna International Group's Q1 2019 Portfolio in Review
As of Q1 2019, Susquehanna International Group held 10,685 positions worth $243B, down 3.3% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Susquehanna International Group withdrew a net $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $678M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 2.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Susquehanna International Group opened a new position in iShares China Large-Cap ETF worth $192M.
- Susquehanna International Group's largest Q1 2019 buy was iShares China Large-Cap ETF: 4,340,587 shares worth $192M.
- Susquehanna International Group added most to Boeing in Q1 2019, an estimated $923M increase.
- Susquehanna International Group's biggest Q1 2019 reduction was Apple, cutting an estimated $2.65B.
- Susquehanna International Group fully exited State Street SPDR S&P 500 ETF Trust in Q1 2019, selling an estimated $678M.
- Susquehanna International Group's ten largest holdings make up 25% of its $243B portfolio in Q1 2019.
- Susquehanna International Group opened 1,860 new positions and closed 1,970 in Q1 2019.
- Susquehanna International Group's portfolio value fell 3.3% quarter-over-quarter to $243B.
Based on Susquehanna International Group's 13F filing for Q1 2019, filed 15 May 2019.