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 Russell 2000 ETF
IWM
|
+$580M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$256M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$200M |
| 4 |
Cheniere Energy
LNG
|
+$147M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$889M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$332M |
| 3 |
HIG.WS
Hartford Financial Services Grp
HIG.WS
|
+$329M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$231M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.55% |
| 2 | Financials | 1.77% |
| 3 | Consumer Discretionary | 1.54% |
| 4 | Energy | 1.43% |
| 5 | Healthcare | 1.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Citigroup
C
$231B
| $503M | 0.23% |
9,661,200
-97,000
| -1% | -$4.91M |
|
52
PUT
Baidu
BIDU
$37.7B
| $503M | 0.23% |
2,825,900
-28,900
| -1% | -$4.67M |
|
53
PUT
IBM
IBM
$222B
| $501M | 0.23% |
2,793,866
+467,876
| +20% | +$80.7M |
|
54
CALL
Herbalife
HLF
$1.31B
| $488M | 0.23% |
12,404,800
+2,035,000
| +20% | +$70.5M |
|
|
55
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $485M | 0.22% |
11,613,600
-7,718,000
| -40% | -$323M |
|
56
CALL
Micron Technology
MU
$1.01T
| $485M | 0.22% |
22,269,200
+5,755,400
| +35% | +$112M |
|
57
CALL
General Motors
GM
$78.2B
| $481M | 0.22% |
11,766,600
+6,974,400
| +146% | +$264M |
|
|
58
PUT
Herbalife
HLF
$1.31B
| $471M | 0.22% |
11,976,800
-1,070,200
| -8% | -$37.1M |
|
59
PUT
iShares MSCI Brazil ETF
EWZ
$9.14B
| $467M | 0.22% |
10,442,200
+1,315,000
| +14% | +$62.5M |
|
60
CALL
Chipotle Mexican Grill
CMG
$43.7B
| $462M | 0.21% |
43,345,000
+5,895,000
| +16% | +$59.9M |
|
|
VXX
61
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $457M | 0.21% |
670,694
+543,821
| +429% | +$434M |
|
|
TWTR
62
PUT
DELISTED
Twitter, Inc.
TWTR
| $453M | 0.21% |
+7,113,200
| New | +$353M |
|
63
CALL
iShares MSCI EAFE ETF
EFA
$79.4B
| $444M | 0.2% |
6,618,800
-1,253,700
| -16% | -$81.9M |
|
64
CALL
Intel
INTC
$510B
| $437M | 0.2% |
16,840,900
+7,352,100
| +77% | +$178M |
|
65
CALL
Procter & Gamble
PG
$341B
| $433M | 0.2% |
5,320,800
+1,739,000
| +49% | +$142M |
|
66
PUT
Caterpillar
CAT
$401B
| $432M | 0.2% |
4,758,500
+810,200
| +21% | +$69.2M |
|
|
67
CALL
IBM
IBM
$222B
| $431M | 0.2% |
2,402,767
+1,159,387
| +93% | +$200M |
|
|
CELG
68
CALL
DELISTED
Celgene Corp
CELG
| $429M | 0.2% |
5,072,600
+1,497,200
| +42% | +$118M |
|
69
PUT
Gilead Sciences
GILD
$164B
| $429M | 0.2% |
5,702,100
+1,404,900
| +33% | +$97.8M |
|
70
CALL
Goldman Sachs
GS
$309B
| $428M | 0.2% |
2,414,100
-510,800
| -17% | -$84.2M |
|
|
71
PUT
General Motors
GM
$78.2B
| $427M | 0.2% |
10,440,500
+5,804,200
| +125% | +$219M |
|
|
LNKD
72
PUT
DELISTED
LinkedIn Corporation
LNKD
| $426M | 0.2% |
1,962,500
+332,700
| +20% | +$75.7M |
|
73
Mastercard
MA
$500B
| $411M | 0.19% |
4,914,280
+1,893,060
| +63% | +$141M |
|
|
74
PUT
Procter & Gamble
PG
$341B
| $401M | 0.19% |
4,923,300
-1,568,200
| -24% | -$128M |
|
75
PUT
Bank of America
BAC
$442B
| $400M | 0.18% |
25,711,600
-24,983,100
| -49% | -$371M |
|
Similar funds
Susquehanna International Group's Q4 2013 Portfolio in Review
As of Q4 2013, Susquehanna International Group held 9,880 positions worth $217B, up 15% from $189B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $9.58B of net new capital in Q4 2013, opening 1,544 new positions and adding to 3,872 existing holdings. Its largest new stake was American Airlines Group: 1,433,148 shares worth $36.2M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, down from 3.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $889M trimmed.
- Susquehanna International Group's largest Q4 2013 buy was American Airlines Group: 1,433,148 shares worth $36.2M.
- Susquehanna International Group added most to iShares Russell 2000 ETF in Q4 2013, an estimated $580M increase.
- Susquehanna International Group's biggest Q4 2013 reduction was Apple, cutting an estimated $889M.
- Susquehanna International Group fully exited Hartford Financial Services Grp in Q4 2013, selling an estimated $329M.
- Susquehanna International Group's ten largest holdings make up 24% of its $217B portfolio in Q4 2013.
- Susquehanna International Group opened 1,544 new positions and closed 949 in Q4 2013.
- Susquehanna International Group's portfolio value rose 15% quarter-over-quarter to $217B.
Based on Susquehanna International Group's 13F filing for Q4 2013, filed 13 Feb 2014.