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 | |
|---|---|---|---|---|---|---|
351
CALL
Arista Networks
ANET
$238B
| $109M | 0.04% |
5,526,400
+254,400
| +5% | +$4.04M |
|
352
PUT
Macy's
M
$6.68B
| $108M | 0.04% |
4,483,200
-1,536,300
| -26% | -$38.8M |
|
353
PUT
United Airlines
UAL
$42.1B
| $107M | 0.04% |
1,335,900
-403,000
| -23% | -$34M |
|
354
CALL
Universal Display
OLED
$4.19B
| $106M | 0.04% |
696,700
-244,100
| -26% | -$30.2M |
|
355
PUT
Norfolk Southern
NSC
$75.1B
| $106M | 0.04% |
568,500
-87,900
| -13% | -$15.2M |
|
356
CALL
AB InBev
BUD
$165B
| $106M | 0.04% |
1,258,800
-304,300
| -19% | -$23.4M |
|
|
CXO
357
CALL
DELISTED
CONCHO RESOURCES INC.
CXO
| $105M | 0.04% |
947,900
+20,900
| +2% | +$2.36M |
|
358
CALL
Colgate-Palmolive
CL
$74.4B
| $105M | 0.04% |
1,533,400
+286,500
| +23% | +$18.5M |
|
359
CALL
Sarepta Therapeutics
SRPT
$1.77B
| $105M | 0.04% |
881,100
+303,100
| +52% | +$39M |
|
|
CGC
360
PUT
Canopy Growth
CGC
$410M
| $105M | 0.04% |
241,500
+79,490
| +49% | +$34.8M |
|
361
PUT
Pfizer
PFE
$153B
| $103M | 0.04% |
2,555,107
-162,843
| -6% | -$6.52M |
|
362
PUT
Teva Pharmaceuticals
TEVA
$41.2B
| $103M | 0.04% |
6,555,400
-734,100
| -10% | -$12.9M |
|
363
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
| $103M | 0.04% |
1,118,800
-366,200
| -25% | -$33M |
|
364
PUT
NetEase
NTES
$84.7B
| $102M | 0.04% |
2,116,500
-220,000
| -9% | -$10.5M |
|
365
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $102M | 0.04% |
927,140
+921,991
| +17,906% | +$99.4M |
|
366
PUT
Humana
HUM
$46.2B
| $102M | 0.04% |
383,600
-99,100
| -21% | -$28.6M |
|
367
CALL
Bausch Health
BHC
$2.34B
| $102M | 0.04% |
4,118,900
-1,477,700
| -26% | -$35.3M |
|
368
CALL
Petrobras
PBR
$116B
| $102M | 0.04% |
6,387,200
-7,194,500
| -53% | -$114M |
|
369
Vanguard Total World Stock ETF
VT
$81.3B
| $101M | 0.04% |
+1,385,668
| New | +$98.3M |
|
370
PUT
Elevance Health
ELV
$85.5B
| $101M | 0.04% |
352,500
+133,000
| +61% | +$38.5M |
|
371
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.7B
| $101M | 0.04% |
2,392,000
+2,358,500
| +7,040% | +$93.1M |
|
|
372
Apple
AAPL
$4.57T
| $101M | 0.04% |
2,122,832
-62,470,792
| -97% | -$2.65B |
|
373
PUT
Oracle
ORCL
$423B
| $100M | 0.04% |
1,864,700
-612,500
| -25% | -$31.2M |
|
374
Wynn Resorts
WYNN
$10.6B
| $98.3M | 0.04% |
823,778
-73,614
| -8% | -$8.8M |
|
375
PUT
Wayfair
W
$14.6B
| $98.1M | 0.04% |
660,600
-359,700
| -35% | -$46.9M |
|
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.