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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 2.13% |
| 3 | Consumer Discretionary | 1.62% |
| 4 | Communication Services | 1.4% |
| 5 | Healthcare | 1.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Morgan Stanley
MS
$336B
| $454M | 0.21% |
14,285,000
+5,448,700
| +62% | +$181M |
|
|
CELG
77
PUT
DELISTED
Celgene Corp
CELG
| $448M | 0.21% |
3,737,500
-1,233,700
| -25% | -$143M |
|
78
CALL
Chipotle Mexican Grill
CMG
$42.7B
| $443M | 0.2% |
46,190,000
+11,870,000
| +35% | +$145M |
|
79
PUT
Chevron
CVX
$371B
| $439M | 0.2% |
4,877,600
-572,700
| -11% | -$51.6M |
|
80
CALL
Wells Fargo
WFC
$265B
| $439M | 0.2% |
8,070,400
+796,200
| +11% | +$43.2M |
|
81
Meta Platforms (Facebook)
META
$1.5T
| $432M | 0.2% |
4,130,219
+624,379
| +18% | +$64.1M |
|
82
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $428M | 0.2% |
5,316,700
+2,152,200
| +68% | +$179M |
|
83
Amazon
AMZN
$2.94T
| $426M | 0.2% |
12,602,800
-792,440
| -6% | -$25M |
|
|
84
Alphabet (Google) Class C
GOOG
$4.36T
| $426M | 0.2% |
11,216,920
-16,798,020
| -60% | -$603M |
|
85
PUT
Caterpillar
CAT
$394B
| $422M | 0.19% |
6,209,600
-382,400
| -6% | -$26.7M |
|
86
CALL
AT&T
T
$162B
| $419M | 0.19% |
16,134,264
+3,640,206
| +29% | +$92.3M |
|
|
TWC
87
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $418M | 0.19% |
2,250,000
+624,800
| +38% | +$116M |
|
88
PUT
Goldman Sachs
GS
$301B
| $417M | 0.19% |
2,313,100
-498,000
| -18% | -$92.6M |
|
89
PUT
Boeing
BA
$184B
| $417M | 0.19% |
2,881,100
-2,171,200
| -43% | -$313M |
|
90
Invesco QQQ Trust
QQQ
$479B
| $412M | 0.19% |
3,684,674
+192,787
| +6% | +$21.5M |
|
91
CALL
Procter & Gamble
PG
$342B
| $408M | 0.19% |
5,134,400
+1,220,600
| +31% | +$93.3M |
|
|
92
CALL
Bausch Health
BHC
$2.21B
| $406M | 0.19% |
3,994,100
+2,002,700
| +101% | +$225M |
|
|
AGN
93
DELISTED
Allergan plc
AGN
| $392M | 0.18% |
1,255,505
+687,371
| +121% | +$205M |
|
|
TWTR
94
PUT
DELISTED
Twitter, Inc.
TWTR
| $389M | 0.18% |
16,810,000
-2,693,900
| -14% | -$71.9M |
|
95
PUT
General Motors
GM
$76.3B
| $383M | 0.18% |
11,273,300
-636,100
| -5% | -$22.1M |
|
96
PUT
Johnson & Johnson
JNJ
$619B
| $382M | 0.18% |
3,717,700
-3,539,300
| -49% | -$356M |
|
|
VXX
97
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $381M | 0.18% |
1,183,206
-392,038
| -25% | -$125M |
|
|
98
CALL
Johnson & Johnson
JNJ
$619B
| $381M | 0.18% |
3,711,200
-526,800
| -12% | -$53M |
|
99
PUT
iShares MSCI EAFE ETF
EFA
$79.4B
| $381M | 0.18% |
6,399,700
-1,975,800
| -24% | -$119M |
|
100
CALL
Berkshire Hathaway Class B
BRK.B
$1.13T
| $378M | 0.17% |
2,861,000
-1,649,300
| -37% | -$221M |
|
Similar funds
Susquehanna International Group's Q4 2015 Portfolio in Review
As of Q4 2015, Susquehanna International Group held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Susquehanna International Group withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Susquehanna International Group opened a new position in Alphabet (Google) Class A worth $510M.
- Susquehanna International Group's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Susquehanna International Group added most to Synchrony in Q4 2015, an estimated $683M increase.
- Susquehanna International Group's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Susquehanna International Group fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Susquehanna International Group's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Susquehanna International Group opened 1,138 new positions and closed 1,373 in Q4 2015.
- Susquehanna International Group's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.