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 | |
|---|---|---|---|---|---|---|
301
CALL
Expedia Group
EXPE
$37.3B
| $132M | 0.05% |
1,110,700
-377,500
| -25% | -$45.8M |
|
302
PUT
Palo Alto Networks
PANW
$297B
| $132M | 0.05% |
3,255,600
-2,559,600
| -44% | -$94.9M |
|
303
PUT
General Motors
GM
$76.8B
| $132M | 0.05% |
3,550,700
-6,802,600
| -66% | -$258M |
|
304
PUT
Tilray
TLRY
$622M
| $131M | 0.05% |
199,440
-89,330
| -31% | -$68.1M |
|
305
CALL
Valero Energy
VLO
$85.9B
| $131M | 0.05% |
1,538,800
-186,900
| -11% | -$15.4M |
|
306
CALL
Elevance Health
ELV
$85.5B
| $130M | 0.05% |
452,500
-247,100
| -35% | -$71.5M |
|
307
PUT
RTX Corp
RTX
$301B
| $129M | 0.05% |
1,588,682
-1,007,108
| -39% | -$76.5M |
|
308
CALL
American Express
AXP
$230B
| $129M | 0.05% |
1,178,300
-164,000
| -12% | -$17.2M |
|
309
PUT
Sarepta Therapeutics
SRPT
$1.77B
| $129M | 0.05% |
1,078,200
+428,100
| +66% | +$55M |
|
310
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
| $128M | 0.05% |
4,907,200
-7,359,200
| -60% | -$181M |
|
|
CGC
311
CALL
Canopy Growth
CGC
$410M
| $128M | 0.05% |
296,180
+55,350
| +23% | +$24.3M |
|
312
CALL
Trade Desk
TTD
$6.49B
| $128M | 0.05% |
6,470,000
+2,669,000
| +70% | +$43.7M |
|
313
CALL
General Mills
GIS
$19.7B
| $128M | 0.05% |
2,469,400
+1,549,400
| +168% | +$70.2M |
|
314
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $128M | 0.05% |
1,039,025
-512,675
| -33% | -$61.7M |
|
315
Workday
WDAY
$44.4B
| $128M | 0.05% |
661,717
+155,716
| +31% | +$28.3M |
|
316
PUT
Chevron
CVX
$366B
| $126M | 0.05% |
1,024,700
-346,300
| -25% | -$41M |
|
317
CALL
Crown Castle
CCI
$32.2B
| $125M | 0.05% |
979,500
+823,300
| +527% | +$96.6M |
|
318
PUT
Ulta Beauty
ULTA
$24.3B
| $125M | 0.05% |
358,900
-11,000
| -3% | -$3.33M |
|
319
PUT
VanEck Gold Miners ETF
GDX
$27.4B
| $125M | 0.05% |
5,575,200
-1,680,600
| -23% | -$37M |
|
320
Caterpillar
CAT
$387B
| $125M | 0.05% |
+920,618
| New | +$122M |
|
321
CALL
Autodesk
ADSK
$52.6B
| $124M | 0.05% |
798,700
+187,100
| +31% | +$28M |
|
|
TIF
322
PUT
DELISTED
Tiffany & Co.
TIF
| $124M | 0.05% |
1,177,200
+542,900
| +86% | +$49.8M |
|
|
WBA
323
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $123M | 0.05% |
1,943,000
+298,500
| +18% | +$20.4M |
|
324
PUT
United Parcel Service
UPS
$88.9B
| $123M | 0.05% |
1,097,000
-518,900
| -32% | -$55M |
|
325
PUT
Bausch Health
BHC
$2.34B
| $122M | 0.05% |
4,958,700
-1,726,700
| -26% | -$41.2M |
|
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.