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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.39B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$565M |
| 3 |
Citigroup
C
|
+$429M |
| 4 |
United States Oil Fund
USO
|
+$386M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$378M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$946M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$771M |
| 3 |
Alibaba
BABA
|
+$626M |
| 4 |
Tesla
TSLA
|
+$505M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$421M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.98% |
| 2 | Communication Services | 1.33% |
| 3 | Financials | 0.98% |
| 4 | Consumer Discretionary | 0.93% |
| 5 | Healthcare | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
| $95.1M | 0.03% |
1,612,400
-320,700
| -17% | -$24.2M |
|
402
PUT
Intuit
INTU
$91.5B
| $95.1M | 0.03% |
413,500
+37,700
| +10% | +$10.2M |
|
403
PUT
Freeport-McMoran
FCX
$98.7B
| $94.6M | 0.03% |
14,009,300
+243,500
| +2% | +$2.55M |
|
404
CALL
RH
RH
$3.47B
| $94.2M | 0.03% |
937,800
+105,700
| +13% | +$19.7M |
|
405
PUT
Applied Materials
AMAT
$415B
| $93.9M | 0.03% |
2,049,600
-1,047,400
| -34% | -$60.2M |
|
406
PUT
Arista Networks
ANET
$242B
| $93.7M | 0.03% |
7,403,200
-1,892,800
| -20% | -$24.6M |
|
407
PUT
Becton Dickinson
BDX
$48.9B
| $93.3M | 0.03% |
416,253
+278,493
| +202% | +$68.8M |
|
408
CALL
Okta
OKTA
$26.2B
| $93M | 0.03% |
761,000
-39,700
| -5% | -$4.98M |
|
|
TIF
409
PUT
DELISTED
Tiffany & Co.
TIF
| $92.8M | 0.03% |
716,600
-1,787,900
| -71% | -$235M |
|
410
PUT
HSBC
HSBC
$354B
| $92.5M | 0.03% |
3,300,800
+1,299,400
| +65% | +$45.1M |
|
411
PUT
United Airlines
UAL
$40.2B
| $92.3M | 0.03% |
2,925,600
+562,900
| +24% | +$37.2M |
|
412
PUT
Atlassian
TEAM
$38.5B
| $92.2M | 0.03% |
671,900
-141,300
| -17% | -$19.8M |
|
413
Vanguard Real Estate ETF
VNQ
$38.6B
| $92.1M | 0.03% |
1,318,228
+1,223,351
| +1,289% | +$107M |
|
414
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.8B
| $91.8M | 0.03% |
1,872,200
+367,200
| +24% | +$21.7M |
|
415
CALL
Las Vegas Sands
LVS
$29.4B
| $91.2M | 0.03% |
2,147,800
+192,700
| +10% | +$11.7M |
|
416
CALL
Paycom
PAYC
$9.62B
| $91.2M | 0.03% |
451,300
-23,800
| -5% | -$6.52M |
|
417
PUT
Western Digital
WDC
$151B
| $90.9M | 0.03% |
2,889,961
-497,713
| -15% | -$22M |
|
418
PUT
Royal Caribbean
RCL
$82.4B
| $90.7M | 0.03% |
2,819,300
+2,311,200
| +455% | +$211M |
|
419
PUT
Teladoc Health
TDOC
$1.29B
| $90.6M | 0.03% |
584,400
+176,500
| +43% | +$20.5M |
|
420
CALL
General Motors
GM
$77.2B
| $90.5M | 0.03% |
4,355,900
-1,701,400
| -28% | -$52M |
|
421
CALL
American Airlines Group
AAL
$9.93B
| $90.1M | 0.03% |
7,394,600
+3,359,100
| +83% | +$76.6M |
|
422
CALL
Match Group
MTCH
$8.43B
| $89.7M | 0.03% |
1,358,900
+240,200
| +21% | +$17.7M |
|
423
CALL
Sea Limited
SE
$70.3B
| $89.6M | 0.03% |
2,023,200
+8,900
| +0.4% | +$399K |
|
|
EA
424
PUT
DELISTED
Electronic Arts
EA
| $89.6M | 0.03% |
894,200
-575,100
| -39% | -$60.5M |
|
|
AYX
425
CALL
DELISTED
Alteryx Inc
AYX
| $89.4M | 0.03% |
939,700
-74,300
| -7% | -$9.23M |
|
Similar funds
Susquehanna International Group's Q1 2020 Portfolio in Review
As of Q1 2020, Susquehanna International Group held 11,456 positions worth $314B, down 9.5% from $347B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group deployed $31.5B of net new capital in Q1 2020, opening 1,843 new positions and adding to 4,539 existing holdings. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, down from 2.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Amazon, an estimated $946M trimmed.
- Susquehanna International Group's largest Q1 2020 buy was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.39B increase.
- Susquehanna International Group's biggest Q1 2020 reduction was Amazon, cutting an estimated $946M.
- Susquehanna International Group fully exited Medicines Co in Q1 2020, selling an estimated $92M.
- Susquehanna International Group's ten largest holdings make up 30% of its $314B portfolio in Q1 2020.
- Susquehanna International Group opened 1,843 new positions and closed 1,300 in Q1 2020.
- Susquehanna International Group's portfolio value fell 9.5% quarter-over-quarter to $314B.
Based on Susquehanna International Group's 13F filing for Q1 2020, filed 15 May 2020.