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 | 1.44% |
| 2 | Communication Services | 1.2% |
| 3 | Consumer Discretionary | 1.2% |
| 4 | Financials | 0.94% |
| 5 | Healthcare | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3051
CALL
Sonos
SONO
$1.93B
| $3.1M | ﹤0.01% |
301,300
-119,500
| -28% | -$1.3M |
|
3052
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $3.1M | ﹤0.01% |
39,480
-7,176
| -15% | -$532K |
|
|
STAY
3053
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $3.1M | ﹤0.01% |
172,620
+146,233
| +554% | +$2.54M |
|
3054
PUT
Direxion Daily Small Cap Bear 3x ETF
TZA
$196M
| $3.1M | ﹤0.01% |
786
-958
| -55% | -$4.1M |
|
3055
PUT
Fossil Group
FOSL
$329M
| $3.1M | ﹤0.01% |
225,700
-66,300
| -23% | -$1.06M |
|
3056
CALL
WisdomTree Emerging Markets High Dividend Fund
DEM
$3.97B
| $3.1M | ﹤0.01% |
70,600
+38,200
| +118% | +$1.65M |
|
3057
Yelp
YELP
$1.34B
| $3.09M | ﹤0.01% |
89,467
-400,192
| -82% | -$14.5M |
|
3058
CALL
Rayonier Advanced Materials
RYAM
$570M
| $3.09M | ﹤0.01% |
227,600
+197,800
| +664% | +$2.68M |
|
|
LTC
3059
CALL
LTC Properties
LTC
$2.17B
| $3.08M | ﹤0.01% |
67,300
+20,200
| +43% | +$908K |
|
|
ARR
3060
CALL
Armour Residential REIT
ARR
$2.37B
| $3.08M | ﹤0.01% |
31,500
+7,740
| +33% | +$792K |
|
3061
PUT
Cogent Communications
CCOI
$579M
| $3.08M | ﹤0.01% |
56,700
+30,200
| +114% | +$1.49M |
|
|
SNBR
3062
CALL
DELISTED
Sleep Number
SNBR
| $3.07M | ﹤0.01% |
65,400
+13,300
| +26% | +$535K |
|
3063
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $3.07M | ﹤0.01% |
38,533
-782,125
| -95% | -$61.6M |
|
3064
PUT
Logitech
LOGI
$14.8B
| $3.07M | ﹤0.01% |
78,100
+71,600
| +1,102% | +$2.58M |
|
3065
Madison Square Garden
MSGS
$9.8B
| $3.07M | ﹤0.01% |
14,672
-7,937
| -35% | -$1.61M |
|
3066
CALL
Upland Software
UPLD
$15.7M
| $3.06M | ﹤0.01% |
+7,230
| New | +$2.46M |
|
3067
CALL
Texas Capital Bancshares
TCBI
$4.39B
| $3.06M | ﹤0.01% |
56,100
+42,800
| +322% | +$2.48M |
|
|
MDP
3068
PUT
DELISTED
Meredith Corporation
MDP
| $3.06M | ﹤0.01% |
55,400
+49,800
| +889% | +$2.77M |
|
3069
First Trust Value Line Dividend Fund
FVD
$8.41B
| $3.05M | ﹤0.01% |
93,948
+65,128
| +226% | +$2.04M |
|
3070
CALL
Jabil
JBL
$38B
| $3.05M | ﹤0.01% |
114,700
-64,900
| -36% | -$1.73M |
|
3071
PUT
Dine Brands
DIN
$447M
| $3.05M | ﹤0.01% |
33,400
+500
| +2% | +$42.5K |
|
|
FIT
3072
CALL
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $3.05M | ﹤0.01% |
514,900
-225,200
| -30% | -$1.37M |
|
3073
CALL
Open Text
OTEX
$5.94B
| $3.05M | ﹤0.01% |
79,300
+47,800
| +152% | +$1.75M |
|
3074
CALL
Urban Outfitters
URBN
$6.66B
| $3.04M | ﹤0.01% |
102,700
-208,800
| -67% | -$6.43M |
|
3075
CALL
BJs Wholesale Club
BJ
$11.9B
| $3.04M | ﹤0.01% |
111,000
+88,500
| +393% | +$2.26M |
|
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 Communication Services and Consumer Discretionary.
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.