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 | 2.01% |
| 2 | Communication Services | 1.39% |
| 3 | Financials | 0.98% |
| 4 | Consumer Discretionary | 0.94% |
| 5 | Healthcare | 0.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
8201
PUT
Horizon Technology Finance
HRZN
$337M
| $259K | ﹤0.01% |
31,900
+1,300
| +4% | +$15.3K |
|
8202
Bank of N.T. Butterfield & Son
NTB
$2.5B
| $259K | ﹤0.01% |
+15,223
| New | +$447K |
|
8203
PUT
Old National Bancorp
ONB
$10.4B
| $259K | ﹤0.01% |
+19,600
| New | +$327K |
|
|
TPCO
8204
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $259K | ﹤0.01% |
+31,897
| New | +$353K |
|
|
BDSI
8205
PUT
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $259K | ﹤0.01% |
68,300
+4,800
| +8% | +$23.6K |
|
8206
CALL
Hess Midstream
HESM
$5.18B
| $258K | ﹤0.01% |
25,400
-26,100
| -51% | -$491K |
|
8207
Kirby Corp
KEX
$7.3B
| $258K | ﹤0.01% |
5,925
+3,546
| +149% | +$241K |
|
8208
PUT
Gibraltar Industries
ROCK
$1.44B
| $258K | ﹤0.01% |
6,000
-51,800
| -90% | -$2.59M |
|
8209
PUT
SPX Corp
SPXC
$10.8B
| $258K | ﹤0.01% |
+7,900
| New | +$356K |
|
8210
Tenable Holdings
TENB
$4.25B
| $258K | ﹤0.01% |
11,807
-20,149
| -63% | -$498K |
|
8211
Townsquare Media
TSQ
$103M
| $258K | ﹤0.01% |
56,057
+42,674
| +319% | +$353K |
|
|
JCP
8212
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $258K | ﹤0.01% |
716,700
-397,300
| -36% | -$280K |
|
8213
Airgain
AIRG
$72.1M
| $257K | ﹤0.01% |
34,761
-86,728
| -71% | -$754K |
|
8214
PUT
Liberty Broadband Class A
LBRDA
$5.26B
| $257K | ﹤0.01% |
2,400
| – | – |
|
|
RDUS
8215
PUT
DELISTED
Radius Recycling
RDUS
| $257K | ﹤0.01% |
19,700
-4,000
| -17% | -$67K |
|
|
SCHV
8216
CALL
Schwab US Large-Cap Value ETF
SCHV
$16.3B
| $257K | ﹤0.01% |
17,400
-18,000
| -51% | -$330K |
|
|
TGI
8217
DELISTED
Triumph Group
TGI
| $257K | ﹤0.01% |
+38,050
| New | +$695K |
|
8218
CALL
V2X
VVX
$2.61B
| $257K | ﹤0.01% |
+6,200
| New | +$316K |
|
|
NTP
8219
DELISTED
Nam Tai Property Inc.
NTP
| $257K | ﹤0.01% |
46,818
+34,801
| +290% | +$257K |
|
|
ARR
8220
Armour Residential REIT
ARR
$2.38B
| $256K | ﹤0.01% |
+5,820
| New | +$497K |
|
8221
A10 Networks
ATEN
$1.98B
| $256K | ﹤0.01% |
41,191
-10,257
| -20% | -$65.6K |
|
8222
CALL
VanEck Biotech ETF
BBH
$424M
| $256K | ﹤0.01% |
2,000
-7,400
| -79% | -$997K |
|
8223
CALL
HealthStream
HSTM
$849M
| $256K | ﹤0.01% |
+10,700
| New | +$269K |
|
|
IGR
8224
CBRE Global Real Estate Income Fund
IGR
$713M
| $256K | ﹤0.01% |
48,842
+37,012
| +313% | +$270K |
|
8225
PUT
Morningstar
MORN
$7.73B
| $256K | ﹤0.01% |
2,200
-6,900
| -76% | -$1,000K |
|
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 2.2% 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.