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
|
+$2.66B |
| 2 |
Amazon
AMZN
|
+$421M |
| 3 |
Citigroup
C
|
+$386M |
| 4 |
Wells Fargo
WFC
|
+$288M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$287M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$3.18B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.45B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$1.45B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$533M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$503M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.97% |
| 2 | Consumer Discretionary | 1.07% |
| 3 | Financials | 0.99% |
| 4 | Communication Services | 0.78% |
| 5 | Healthcare | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
PUT
Okta
OKTA
$26.2B
| $233M | 0.04% |
1,089,600
-126,200
| -10% | -$26.3M |
|
302
PUT
Amgen
AMGN
$226B
| $233M | 0.04% |
915,600
-47,800
| -5% | -$11.8M |
|
303
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$293M
| $232M | 0.04% |
4,662
+3,239
| +228% | +$194M |
|
304
CALL
Workday
WDAY
$45.5B
| $230M | 0.04% |
1,070,300
+208,600
| +24% | +$41.3M |
|
305
PUT
AstraZeneca
AZN
$251B
| $230M | 0.04% |
2,100,600
+1,571,800
| +297% | +$175M |
|
306
CALL
TSMC
TSM
$2.17T
| $230M | 0.04% |
2,838,700
+1,921,600
| +210% | +$146M |
|
307
CALL
Altria Group
MO
$109B
| $229M | 0.04% |
5,918,800
+1,199,500
| +25% | +$49.9M |
|
|
WORK
308
CALL
DELISTED
Slack Technologies, Inc.
WORK
| $229M | 0.04% |
8,513,300
+4,583,600
| +117% | +$135M |
|
309
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $228M | 0.04% |
2,717,500
-1,892,400
| -41% | -$159M |
|
|
310
Berkshire Hathaway Class B
BRK.B
$1.14T
| $227M | 0.04% |
1,067,681
-2,458,250
| -70% | -$503M |
|
311
CALL
Etsy
ETSY
$7.38B
| $227M | 0.04% |
1,863,400
+577,700
| +45% | +$67.6M |
|
312
PUT
Delta Air Lines
DAL
$58.7B
| $225M | 0.04% |
7,348,800
-2,424,300
| -25% | -$69.9M |
|
313
CALL
Texas Instruments
TXN
$256B
| $224M | 0.04% |
1,566,500
-452,400
| -22% | -$61.5M |
|
314
CALL
Marriott International
MAR
$90.9B
| $223M | 0.04% |
2,405,100
+1,126,700
| +88% | +$106M |
|
|
315
CALL
Wells Fargo
WFC
$265B
| $223M | 0.04% |
9,464,500
-6,675,400
| -41% | -$165M |
|
316
CALL
American Express
AXP
$229B
| $222M | 0.04% |
2,210,700
+459,600
| +26% | +$45.2M |
|
317
CALL
iShares China Large-Cap ETF
FXI
$4.35B
| $219M | 0.04% |
5,222,900
+958,900
| +22% | +$41.2M |
|
|
WORK
318
PUT
DELISTED
Slack Technologies, Inc.
WORK
| $219M | 0.04% |
8,139,500
+3,973,600
| +95% | +$117M |
|
|
COUP
319
CALL
DELISTED
Coupa Software Incorporated
COUP
| $217M | 0.04% |
790,900
-28,600
| -3% | -$8.34M |
|
320
CALL
Ulta Beauty
ULTA
$23.6B
| $216M | 0.04% |
963,200
+276,300
| +40% | +$59.4M |
|
321
PUT
Baidu
BIDU
$37.1B
| $215M | 0.04% |
1,700,400
-562,600
| -25% | -$69.7M |
|
322
PUT
Fastly Inc
FSLY
$4.42B
| $215M | 0.04% |
2,294,900
+931,600
| +68% | +$80.9M |
|
323
PUT
American Airlines Group
AAL
$9.93B
| $215M | 0.04% |
17,471,400
+4,164,200
| +31% | +$52.2M |
|
324
PUT
Verizon
VZ
$195B
| $214M | 0.04% |
3,593,500
-943,300
| -21% | -$54.8M |
|
325
Trade Desk
TTD
$6.29B
| $212M | 0.04% |
4,092,010
-2,531,900
| -38% | -$116M |
|
Similar funds
Susquehanna International Group's Q3 2020 Portfolio in Review
As of Q3 2020, Susquehanna International Group held 11,604 positions worth $522B, up 26% from $415B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Susquehanna International Group deployed $36.2B of net new capital in Q3 2020, opening 1,567 new positions and adding to 4,405 existing holdings. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 2,104,687 shares worth $284M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $3.18B trimmed.
- Susquehanna International Group's largest Q3 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 2,104,687 shares worth $284M.
- Susquehanna International Group added most to Apple in Q3 2020, an estimated $2.66B increase.
- Susquehanna International Group's biggest Q3 2020 reduction was Invesco QQQ Trust, cutting an estimated $3.18B.
- Susquehanna International Group fully exited Vanguard Short-Term Corporate Bond ETF in Q3 2020, selling an estimated $34.1M.
- Susquehanna International Group's ten largest holdings make up 34% of its $522B portfolio in Q3 2020.
- Susquehanna International Group opened 1,567 new positions and closed 1,138 in Q3 2020.
- Susquehanna International Group's portfolio value rose 26% quarter-over-quarter to $522B.
Based on Susquehanna International Group's 13F filing for Q3 2020, filed 16 Nov 2020.