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 |
Boeing
BA
|
+$923M |
| 2 |
Walt Disney
DIS
|
+$710M |
| 3 |
Bank of America
BAC
|
+$510M |
| 4 |
Amazon
AMZN
|
+$481M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$393M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.65B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$678M |
| 3 |
Micron Technology
MU
|
+$514M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$327M |
| 5 |
Alibaba
BABA
|
+$307M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.39% |
| 2 | Consumer Discretionary | 1.19% |
| 3 | Communication Services | 1.11% |
| 4 | Financials | 0.93% |
| 5 | Healthcare | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
CALL
Ciena
CIEN
$54.9B
| $23.9M | 0.01% |
640,600
+55,600
| +10% | +$2.16M |
|
|
ZEN
1052
CALL
DELISTED
ZENDESK INC
ZEN
| $23.8M | 0.01% |
280,300
+146,800
| +110% | +$10.8M |
|
1053
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.43B
| $23.7M | 0.01% |
468,700
+53,900
| +13% | +$2.69M |
|
1054
PUT
Carvana
CVNA
$81.5B
| $23.7M | 0.01% |
2,042,500
+193,500
| +10% | +$1.63M |
|
1055
PUT
iShares Silver Trust
SLV
$32B
| $23.7M | 0.01% |
1,670,200
+1,156,300
| +225% | +$16.9M |
|
1056
CALL
StoneCo
STNE
$2.52B
| $23.6M | 0.01% |
+574,500
| New | +$15.6M |
|
1057
PUT
Cboe Global Markets
CBOE
$29.8B
| $23.6M | 0.01% |
247,100
-350,100
| -59% | -$33.2M |
|
1058
PUT
Restaurant Brands International
QSR
$25.4B
| $23.6M | 0.01% |
362,100
+47,100
| +15% | +$2.89M |
|
1059
PUT
Vail Resorts
MTN
$5.21B
| $23.6M | 0.01% |
108,400
+17,800
| +20% | +$3.64M |
|
1060
PUT
Bread Financial
BFH
$4.38B
| $23.5M | 0.01% |
168,403
+80,944
| +93% | +$11M |
|
1061
PUT
Ventas
VTR
$47.2B
| $23.5M | 0.01% |
368,400
+10,800
| +3% | +$675K |
|
1062
Lennar Class A
LEN
$20.6B
| $23.5M | 0.01% |
494,157
+121,756
| +33% | +$5.51M |
|
|
CELG
1063
DELISTED
Celgene Corp
CELG
| $23.5M | 0.01% |
248,793
-2,100,318
| -89% | -$184M |
|
1064
PUT
T. Rowe Price
TROW
$24.3B
| $23.5M | 0.01% |
234,300
-26,500
| -10% | -$2.56M |
|
|
GBT
1065
CALL
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $23.4M | 0.01% |
442,600
+68,900
| +18% | +$3.39M |
|
|
LHCG
1066
CALL
DELISTED
LHC Group LLC
LHCG
| $23.4M | 0.01% |
211,200
+73,300
| +53% | +$7.82M |
|
1067
CALL
Trane Technologies
TT
$105B
| $23.4M | 0.01% |
216,700
+55,100
| +34% | +$5.58M |
|
1068
PUT
McCormick & Company Non-Voting
MKC
$14.3B
| $23.3M | 0.01% |
309,800
+281,600
| +999% | +$19M |
|
|
IMMU
1069
CALL
DELISTED
Immunomedics Inc
IMMU
| $23.3M | 0.01% |
1,213,500
-244,700
| -17% | -$3.94M |
|
1070
CALL
The Mosaic Company
MOS
$7.46B
| $23.3M | 0.01% |
852,700
-503,100
| -37% | -$15.3M |
|
1071
PUT
Campbell Soup
CPB
$6.69B
| $23.3M | 0.01% |
610,400
-222,200
| -27% | -$7.84M |
|
1072
CALL
PPG Industries
PPG
$25.7B
| $23.3M | 0.01% |
206,100
-27,300
| -12% | -$2.93M |
|
|
AMTD
1073
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $23.3M | 0.01% |
465,200
-69,800
| -13% | -$3.78M |
|
|
STMP
1074
DELISTED
Stamps.com, Inc.
STMP
| $23.2M | 0.01% |
+285,166
| New | +$40.1M |
|
1075
United Rentals
URI
$70.8B
| $23.2M | 0.01% |
203,027
-111,871
| -36% | -$13.8M |
|
Similar funds
Susquehanna International Group's Q1 2019 Portfolio in Review
As of Q1 2019, Susquehanna International Group held 10,685 positions worth $243B, down 3.3% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Susquehanna International Group withdrew a net $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $678M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 2.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Susquehanna International Group opened a new position in iShares China Large-Cap ETF worth $192M.
- Susquehanna International Group's largest Q1 2019 buy was iShares China Large-Cap ETF: 4,340,587 shares worth $192M.
- Susquehanna International Group added most to Boeing in Q1 2019, an estimated $923M increase.
- Susquehanna International Group's biggest Q1 2019 reduction was Apple, cutting an estimated $2.65B.
- Susquehanna International Group fully exited State Street SPDR S&P 500 ETF Trust in Q1 2019, selling an estimated $678M.
- Susquehanna International Group's ten largest holdings make up 25% of its $243B portfolio in Q1 2019.
- Susquehanna International Group opened 1,860 new positions and closed 1,970 in Q1 2019.
- Susquehanna International Group's portfolio value fell 3.3% quarter-over-quarter to $243B.
Based on Susquehanna International Group's 13F filing for Q1 2019, filed 15 May 2019.