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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.49% |
| 2 | Consumer Discretionary | 1.99% |
| 3 | Financials | 1.6% |
| 4 | Healthcare | 1.35% |
| 5 | Energy | 1.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Chipotle Mexican Grill
CMG
$43.7B
| $609M | 0.24% |
44,475,000
+2,770,000
| +7% | +$36.2M |
|
52
CALL
ExxonMobil
XOM
$628B
| $609M | 0.24% |
6,583,000
-526,100
| -7% | -$49.1M |
|
53
PUT
Intel
INTC
$510B
| $605M | 0.24% |
16,677,600
-105,700
| -0.6% | -$3.68M |
|
54
PUT
AT&T
T
$158B
| $598M | 0.24% |
23,553,033
+9,558,221
| +68% | +$248M |
|
|
APC
55
CALL
DELISTED
Anadarko Petroleum
APC
| $596M | 0.24% |
7,224,000
+2,998,500
| +71% | +$261M |
|
56
CALL
iShares MSCI EAFE ETF
EFA
$79.4B
| $593M | 0.24% |
9,687,100
+3,050,900
| +46% | +$190M |
|
57
PUT
United States Oil Fund
USO
$1.79B
| $591M | 0.23% |
3,630,075
+2,796,850
| +336% | +$620M |
|
|
CELG
58
PUT
DELISTED
Celgene Corp
CELG
| $590M | 0.23% |
5,277,200
+28,200
| +0.5% | +$2.97M |
|
59
CALL
Baidu
BIDU
$37.7B
| $583M | 0.23% |
2,558,200
-171,800
| -6% | -$39.4M |
|
60
CALL
Microsoft
MSFT
$3.62T
| $581M | 0.23% |
12,513,900
-4,934,800
| -28% | -$232M |
|
61
CALL
SPDR Gold Trust
GLD
$138B
| $581M | 0.23% |
5,115,360
+2,215,930
| +76% | +$256M |
|
|
62
PUT
Baidu
BIDU
$37.7B
| $572M | 0.23% |
2,510,500
-541,300
| -18% | -$124M |
|
63
CALL
JPMorgan Chase
JPM
$955B
| $571M | 0.23% |
9,129,800
-1,848,000
| -17% | -$111M |
|
|
64
Bank of America
BAC
$442B
| $570M | 0.23% |
31,875,430
-28,473,215
| -47% | -$487M |
|
|
65
CALL
AT&T
T
$158B
| $558M | 0.22% |
22,010,573
+8,450,165
| +62% | +$219M |
|
66
PUT
IBM
IBM
$222B
| $555M | 0.22% |
3,616,754
+1,023,197
| +39% | +$163M |
|
|
67
CALL
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $551M | 0.22% |
13,929,200
+8,668,000
| +165% | +$360M |
|
68
iShares 20+ Year Treasury Bond ETF
TLT
$41.8B
| $545M | 0.22% |
4,329,369
-872,346
| -17% | -$106M |
|
|
VXX
69
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $526M | 0.21% |
1,042,413
+153,213
| +17% | +$75.3M |
|
70
CALL
Citigroup
C
$231B
| $515M | 0.2% |
9,519,500
-1,475,500
| -13% | -$78.3M |
|
71
PUT
Biogen
BIIB
$30.5B
| $515M | 0.2% |
1,517,200
+135,500
| +10% | +$43.8M |
|
|
CELG
72
CALL
DELISTED
Celgene Corp
CELG
| $511M | 0.2% |
4,564,400
+816,000
| +22% | +$86.1M |
|
73
CALL
General Motors
GM
$78.2B
| $508M | 0.2% |
14,557,500
+2,920,000
| +25% | +$93.2M |
|
74
CALL
American Airlines Group
AAL
$11B
| $504M | 0.2% |
9,392,200
+4,606,700
| +96% | +$198M |
|
75
CALL
Berkshire Hathaway Class B
BRK.B
$1.12T
| $502M | 0.2% |
3,340,100
+917,800
| +38% | +$132M |
|
Similar funds
Susquehanna International Group's Q4 2014 Portfolio in Review
As of Q4 2014, Susquehanna International Group held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Susquehanna International Group withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in FlexShares Global Upstream Natural Resources Index Fund worth $31M.
- Susquehanna International Group's largest Q4 2014 buy was FlexShares Global Upstream Natural Resources Index Fund: 1,011,289 shares worth $31M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Susquehanna International Group's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Susquehanna International Group fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Susquehanna International Group's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Susquehanna International Group opened 1,370 new positions and closed 1,178 in Q4 2014.
- Susquehanna International Group's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.