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 | |
|---|---|---|---|---|---|---|
101
VanEck Gold Miners ETF
GDX
$27.4B
| $334M | 0.15% |
18,309,681
+4,430,185
| +32% | +$90.4M |
|
102
CALL
Micron Technology
MU
$991B
| $334M | 0.15% |
12,306,300
-10,357,500
| -46% | -$310M |
|
103
CALL
Pfizer
PFE
$153B
| $332M | 0.15% |
10,060,219
-2,570,917
| -20% | -$81.7M |
|
|
VXX
104
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $331M | 0.15% |
806,400
-236,013
| -23% | -$115M |
|
105
CALL
Verizon
VZ
$196B
| $330M | 0.15% |
6,745,400
+2,451,700
| +57% | +$118M |
|
106
PUT
SLB Ltd
SLB
$75B
| $329M | 0.15% |
3,940,200
-298,300
| -7% | -$24.8M |
|
|
TWC
107
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $328M | 0.15% |
2,191,700
+471,200
| +27% | +$70.3M |
|
108
CALL
Boeing
BA
$185B
| $328M | 0.15% |
2,183,700
-459,300
| -17% | -$66.9M |
|
109
PUT
Goldman Sachs
GS
$303B
| $327M | 0.15% |
1,738,800
-1,460,400
| -46% | -$272M |
|
110
CALL
Biogen
BIIB
$30.7B
| $326M | 0.15% |
771,600
-489,200
| -39% | -$193M |
|
|
WBA
111
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $324M | 0.15% |
3,828,600
-718,600
| -16% | -$57.2M |
|
112
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $323M | 0.15% |
1,821,600
+161,400
| +10% | +$28.7M |
|
113
PUT
iShares Biotechnology ETF
IBB
$9.77B
| $321M | 0.15% |
2,799,900
+1,384,800
| +98% | +$153M |
|
114
CALL
Procter & Gamble
PG
$339B
| $320M | 0.15% |
3,902,000
-3,180,900
| -45% | -$273M |
|
115
CALL
JPMorgan Chase
JPM
$950B
| $318M | 0.14% |
5,255,500
-3,874,300
| -42% | -$229M |
|
116
PUT
ExxonMobil
XOM
$634B
| $317M | 0.14% |
3,731,800
-1,544,100
| -29% | -$137M |
|
117
CALL
United Parcel Service
UPS
$88.9B
| $317M | 0.14% |
3,270,900
-2,470,400
| -43% | -$253M |
|
118
PUT
Johnson & Johnson
JNJ
$625B
| $316M | 0.14% |
3,143,000
-801,800
| -20% | -$81.5M |
|
|
YHOO
119
DELISTED
Yahoo Inc
YHOO
| $310M | 0.14% |
6,975,762
-6,692,432
| -49% | -$303M |
|
120
PUT
iShares MSCI Brazil ETF
EWZ
$8.95B
| $308M | 0.14% |
9,808,400
-51,200
| -0.5% | -$1.74M |
|
121
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $307M | 0.14% |
6,862,500
+239,500
| +4% | +$10.2M |
|
|
122
PUT
Coca-Cola
KO
$375B
| $306M | 0.14% |
7,535,400
-926,100
| -11% | -$38.7M |
|
123
CALL
Merck
MRK
$318B
| $305M | 0.14% |
5,554,400
+685,182
| +14% | +$38.8M |
|
|
LNKD
124
CALL
DELISTED
LinkedIn Corporation
LNKD
| $302M | 0.14% |
1,207,800
-496,700
| -29% | -$123M |
|
125
CALL
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
| $302M | 0.14% |
14,247,527
+1,651,192
| +13% | +$34.9M |
|
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.