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 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$607M |
| 2 |
Apple
AAPL
|
+$361M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$214M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$208M |
| 5 |
Intel
INTC
|
+$169M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.73B |
| 2 |
Pfizer
PFE
|
+$887M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$696M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$433M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.86% |
| 2 | Financials | 1.7% |
| 3 | Consumer Discretionary | 1.45% |
| 4 | Energy | 1.26% |
| 5 | Healthcare | 1.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $732M | 0.39% |
9,726,900
+4,248,300
| +78% | +$328M |
|
27
PUT
Bank of America
BAC
$440B
| $700M | 0.37% |
50,694,700
+502,900
| +1% | +$7.18M |
|
28
PUT
Citigroup
C
$224B
| $692M | 0.37% |
14,265,900
+47,600
| +0.3% | +$2.41M |
|
|
29
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $673M | 0.36% |
6,326,762
+5,725,850
| +953% | +$607M |
|
30
CALL
Netflix
NFLX
$306B
| $669M | 0.35% |
151,501,000
+14,161,000
| +10% | +$54.7M |
|
|
31
Bank of America
BAC
$440B
| $663M | 0.35% |
48,055,417
-1,415,975
| -3% | -$20.2M |
|
32
PUT
Goldman Sachs
GS
$311B
| $615M | 0.33% |
3,888,700
+381,900
| +11% | +$61.5M |
|
33
CALL
iShares MSCI Emerging Markets ETF
EEM
$29.7B
| $576M | 0.31% |
13,971,600
+3,475,900
| +33% | +$138M |
|
34
PUT
JPMorgan Chase
JPM
$937B
| $575M | 0.31% |
11,132,100
+1,766,000
| +19% | +$94.7M |
|
35
PUT
Microsoft
MSFT
$3.66T
| $562M | 0.3% |
16,875,700
+362,000
| +2% | +$11.9M |
|
|
36
CALL
Microsoft
MSFT
$3.66T
| $562M | 0.3% |
16,861,400
+5,145,500
| +44% | +$169M |
|
37
Alphabet (Google) Class C
GOOG
$4.59T
| $519M | 0.28% |
23,778,957
-676,165
| -3% | -$14.9M |
|
|
38
CALL
iShares MSCI EAFE ETF
EFA
$79.3B
| $506M | 0.27% |
7,872,500
+2,119,700
| +37% | +$130M |
|
39
CALL
ExxonMobil
XOM
$643B
| $500M | 0.27% |
5,807,300
-1,357,700
| -19% | -$122M |
|
40
PUT
Procter & Gamble
PG
$345B
| $491M | 0.26% |
6,491,500
-3,144,400
| -33% | -$250M |
|
41
CALL
United Parcel Service
UPS
$90.8B
| $483M | 0.26% |
5,284,200
+2,773,000
| +110% | +$244M |
|
|
42
CALL
Invesco QQQ Trust
QQQ
$485B
| $476M | 0.25% |
6,031,400
-1,247,000
| -17% | -$95M |
|
|
43
CALL
Citigroup
C
$224B
| $473M | 0.25% |
9,758,200
-1,032,500
| -10% | -$52.2M |
|
44
PUT
iShares China Large-Cap ETF
FXI
$4.33B
| $466M | 0.25% |
12,370,100
-1,069,000
| -8% | -$38M |
|
45
CALL
Mastercard
MA
$500B
| $465M | 0.25% |
6,911,000
-3,709,000
| -35% | -$233M |
|
|
46
CALL
Goldman Sachs
GS
$311B
| $463M | 0.25% |
2,924,900
-387,000
| -12% | -$62.3M |
|
47
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.5B
| $456M | 0.24% |
26,091,797
+16,114,245
| +162% | +$286M |
|
48
PUT
Herbalife
HLF
$1.32B
| $455M | 0.24% |
13,047,000
+6,163,400
| +90% | +$191M |
|
|
49
PUT
Intel
INTC
$509B
| $448M | 0.24% |
19,549,900
+3,039,100
| +18% | +$70M |
|
|
50
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $445M | 0.24% |
5,909,300
+97,400
| +2% | +$7.51M |
|
Similar funds
Susquehanna International Group's Q3 2013 Portfolio in Review
As of Q3 2013, Susquehanna International Group held 9,320 positions worth $189B, up 7.4% from $176B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q3 2013 filing shows 1,211 new, 3,709 increased, 3,282 reduced and 982 closed positions. Its largest new stake was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $6.73B.
By sector, the portfolio is most concentrated in Technology at 3.9% of assets, up from 3.1% a quarter earlier, followed by Financials and Consumer Discretionary.
- Susquehanna International Group's largest Q3 2013 buy was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M.
- Susquehanna International Group added most to iShares 20+ Year Treasury Bond ETF in Q3 2013, an estimated $607M increase.
- Susquehanna International Group's biggest Q3 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $6.73B.
- Susquehanna International Group fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $41.4M.
- Susquehanna International Group's ten largest holdings make up 24% of its $189B portfolio in Q3 2013.
- Susquehanna International Group opened 1,211 new positions and closed 982 in Q3 2013.
- Susquehanna International Group's portfolio value rose 7.4% quarter-over-quarter to $189B.
Based on Susquehanna International Group's 13F filing for Q3 2013, filed 13 Nov 2013.