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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 1.86% |
| 3 | Consumer Discretionary | 1.84% |
| 4 | Healthcare | 1.45% |
| 5 | Energy | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Bausch Health
BHC
$2.34B
| $411M | 0.19% |
2,067,400
+332,500
| +19% | +$59M |
|
77
CALL
Chipotle Mexican Grill
CMG
$41.5B
| $390M | 0.18% |
29,940,000
-14,535,000
| -33% | -$198M |
|
|
GMCR
78
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $388M | 0.18% |
3,471,100
+1,147,600
| +49% | +$143M |
|
79
CALL
General Motors
GM
$76.8B
| $387M | 0.18% |
10,328,300
-4,229,200
| -29% | -$154M |
|
80
Citigroup
C
$226B
| $383M | 0.17% |
7,430,137
+488,811
| +7% | +$24.9M |
|
81
Amazon
AMZN
$2.96T
| $379M | 0.17% |
20,368,560
-8,583,320
| -30% | -$151M |
|
82
PUT
Visa
V
$677B
| $377M | 0.17% |
5,769,500
-714,100
| -11% | -$47.2M |
|
83
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $372M | 0.17% |
2,094,600
-462,500
| -18% | -$82.3M |
|
84
PUT
iShares MSCI EAFE ETF
EFA
$80.2B
| $372M | 0.17% |
5,705,800
-873,600
| -13% | -$55M |
|
|
WBA
85
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $370M | 0.17% |
4,366,000
-1,540,300
| -26% | -$123M |
|
|
86
CALL
iShares MSCI EAFE ETF
EFA
$80.2B
| $369M | 0.17% |
5,658,500
-4,028,600
| -42% | -$254M |
|
|
87
CALL
United States Oil Fund
USO
$1.84B
| $367M | 0.17% |
2,725,563
+1,602,513
| +143% | +$231M |
|
88
PUT
Qualcomm
QCOM
$176B
| $366M | 0.17% |
5,281,900
+1,447,900
| +38% | +$102M |
|
89
PUT
SPDR Gold Trust
GLD
$141B
| $365M | 0.17% |
3,209,250
-2,178,550
| -40% | -$255M |
|
90
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| $362M | 0.16% |
17,115,669
+447,115
| +3% | +$9.46M |
|
|
LNKD
91
PUT
DELISTED
LinkedIn Corporation
LNKD
| $362M | 0.16% |
1,449,400
-312,600
| -18% | -$77.6M |
|
92
PUT
Regeneron Pharmaceuticals
REGN
$80.8B
| $358M | 0.16% |
793,700
-48,900
| -6% | -$20.7M |
|
93
PUT
Halliburton
HAL
$26.6B
| $358M | 0.16% |
8,158,300
+219,800
| +3% | +$9.16M |
|
94
PUT
Walt Disney
DIS
$181B
| $356M | 0.16% |
3,390,100
+782,500
| +30% | +$78.9M |
|
95
PUT
McDonald's
MCD
$195B
| $352M | 0.16% |
3,617,200
-483,800
| -12% | -$45.9M |
|
|
GMCR
96
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $352M | 0.16% |
3,148,000
+10,100
| +0.3% | +$1.26M |
|
|
97
CALL
McDonald's
MCD
$195B
| $350M | 0.16% |
3,587,100
-527,400
| -13% | -$50M |
|
|
YHOO
98
CALL
DELISTED
Yahoo Inc
YHOO
| $347M | 0.16% |
7,810,500
-16,552,400
| -68% | -$749M |
|
99
GE Aerospace
GE
$384B
| $343M | 0.16% |
2,884,536
+473,443
| +20% | +$56.4M |
|
100
CALL
Berkshire Hathaway Class B
BRK.B
$1.13T
| $337M | 0.15% |
2,338,400
-1,001,700
| -30% | -$147M |
|
Similar funds
Susquehanna International Group's Q1 2015 Portfolio in Review
As of Q1 2015, Susquehanna International Group held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Susquehanna International Group withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Susquehanna International Group opened a new position in AB InBev worth $97.4M.
- Susquehanna International Group's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Susquehanna International Group's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Susquehanna International Group fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Susquehanna International Group's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Susquehanna International Group opened 1,178 new positions and closed 1,393 in Q1 2015.
- Susquehanna International Group's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.