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 | |
|---|---|---|---|---|---|---|
326
CALL
SLB Ltd
SLB
$75B
| $120M | 0.05% |
2,744,200
-1,257,100
| -31% | -$54.3M |
|
327
PUT
iShares US Real Estate ETF
IYR
$4.65B
| $119M | 0.05% |
1,372,400
-1,135,400
| -45% | -$93.9M |
|
328
CALL
EOG Resources
EOG
$70.7B
| $119M | 0.05% |
1,251,800
-136,900
| -10% | -$13M |
|
329
PUT
Illumina
ILMN
$28.4B
| $119M | 0.05% |
394,032
-168,490
| -30% | -$49.1M |
|
330
CALL
Kraft Heinz
KHC
$30B
| $119M | 0.05% |
3,610,000
-1,273,700
| -26% | -$51.9M |
|
|
331
CALL
Illumina
ILMN
$28.4B
| $117M | 0.05% |
388,687
-80,492
| -17% | -$23.5M |
|
332
PUT
Arista Networks
ANET
$238B
| $117M | 0.05% |
5,960,000
+601,600
| +11% | +$9.55M |
|
333
CALL
US Bancorp
USB
$99.6B
| $117M | 0.05% |
2,423,100
+871,500
| +56% | +$43.7M |
|
334
CALL
Las Vegas Sands
LVS
$29.6B
| $116M | 0.05% |
1,905,000
-119,600
| -6% | -$7.04M |
|
335
PUT
Starbucks
SBUX
$120B
| $115M | 0.05% |
1,548,200
-1,963,100
| -56% | -$135M |
|
336
PUT
Expedia Group
EXPE
$37.3B
| $115M | 0.05% |
965,700
+253,200
| +36% | +$30.7M |
|
337
CALL
American Airlines Group
AAL
$10.6B
| $115M | 0.05% |
3,610,400
-4,850,500
| -57% | -$163M |
|
338
CALL
Lockheed Martin
LMT
$136B
| $115M | 0.05% |
382,000
-162,700
| -30% | -$47.7M |
|
339
PUT
United Rentals
URI
$72.4B
| $114M | 0.05% |
998,300
+186,000
| +23% | +$23M |
|
|
340
SLB Ltd
SLB
$75B
| $114M | 0.05% |
2,617,752
+770,501
| +42% | +$33.3M |
|
341
CALL
Palo Alto Networks
PANW
$297B
| $114M | 0.05% |
2,813,400
-1,185,000
| -30% | -$44M |
|
342
CALL
Align Technology
ALGN
$12.3B
| $113M | 0.05% |
397,900
+139,500
| +54% | +$33.3M |
|
343
PUT
Vale
VALE
$62.6B
| $112M | 0.05% |
8,604,100
-1,346,900
| -14% | -$17.4M |
|
344
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $111M | 0.05% |
2,168,600
-248,800
| -10% | -$13.3M |
|
345
PUT
AB InBev
BUD
$165B
| $111M | 0.05% |
1,318,300
+167,100
| +15% | +$12.8M |
|
346
CALL
American Tower
AMT
$80.4B
| $110M | 0.05% |
558,800
-80,200
| -13% | -$14.1M |
|
347
PUT
RH
RH
$3.71B
| $110M | 0.05% |
1,069,600
+3,200
| +0.3% | +$436K |
|
348
PUT
Northrop Grumman
NOC
$81.2B
| $110M | 0.05% |
407,900
-106,000
| -21% | -$28.9M |
|
349
VanEck Junior Gold Miners ETF
GDXJ
$8.46B
| $109M | 0.04% |
3,445,261
+1,757,748
| +104% | +$56.1M |
|
350
PUT
Simon Property Group
SPG
$72.3B
| $109M | 0.04% |
597,900
+264,300
| +79% | +$47M |
|
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.