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 | |
|---|---|---|---|---|---|---|
101
PUT
IBM
IBM
$220B
| $374M | 0.17% |
2,839,785
-386,707
| -12% | -$52M |
|
102
CALL
United Parcel Service
UPS
$87.8B
| $372M | 0.17% |
3,863,700
+180,200
| +5% | +$18.4M |
|
103
CALL
McDonald's
MCD
$196B
| $371M | 0.17% |
3,137,200
-1,200,600
| -28% | -$134M |
|
104
PUT
Citigroup
C
$224B
| $366M | 0.17% |
7,070,100
-3,446,300
| -33% | -$183M |
|
105
CALL
Bank of America
BAC
$441B
| $360M | 0.17% |
21,372,600
-2,735,100
| -11% | -$46.3M |
|
106
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
| $356M | 0.16% |
2,045,400
-449,800
| -18% | -$78.6M |
|
107
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$41.6B
| $353M | 0.16% |
2,924,400
-1,311,200
| -31% | -$160M |
|
|
VXX
108
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $348M | 0.16% |
1,081,306
-327,250
| -23% | -$104M |
|
109
CALL
Biogen
BIIB
$30.5B
| $346M | 0.16% |
1,128,400
+21,900
| +2% | +$6.29M |
|
110
CALL
CF Industries
CF
$17.7B
| $334M | 0.15% |
8,185,700
+6,504,900
| +387% | +$307M |
|
111
iShares China Large-Cap ETF
FXI
$4.29B
| $331M | 0.15% |
9,370,506
+5,213,587
| +125% | +$196M |
|
112
CALL
Verizon
VZ
$195B
| $328M | 0.15% |
7,045,400
+2,553,900
| +57% | +$116M |
|
113
CALL
American Airlines Group
AAL
$10.6B
| $325M | 0.15% |
7,678,100
+1,241,100
| +19% | +$53.8M |
|
114
CALL
Cisco
CSCO
$476B
| $325M | 0.15% |
11,973,500
-2,819,800
| -19% | -$77.8M |
|
115
Ford
F
$55B
| $323M | 0.15% |
22,950,896
+7,818,391
| +52% | +$113M |
|
116
Walt Disney
DIS
$181B
| $319M | 0.15% |
3,040,242
-1,389,529
| -31% | -$155M |
|
117
PUT
Wells Fargo
WFC
$265B
| $316M | 0.15% |
5,820,100
-880,900
| -13% | -$47.8M |
|
|
MON
118
CALL
DELISTED
Monsanto Co
MON
| $312M | 0.14% |
3,163,000
+1,481,100
| +88% | +$139M |
|
119
CALL
Pfizer
PFE
$149B
| $310M | 0.14% |
10,116,292
-304,079
| -3% | -$9.57M |
|
120
PUT
Walmart Inc
WMT
$892B
| $309M | 0.14% |
15,137,400
-4,330,200
| -22% | -$86.9M |
|
|
121
Walmart Inc
WMT
$892B
| $307M | 0.14% |
15,006,747
+2,263,452
| +18% | +$45.4M |
|
122
PUT
Blackstone
BX
$107B
| $306M | 0.14% |
10,448,900
-294,009
| -3% | -$9.37M |
|
123
CALL
Regeneron Pharmaceuticals
REGN
$79.5B
| $299M | 0.14% |
550,300
-2,100
| -0.4% | -$1.14M |
|
124
CALL
General Motors
GM
$76.3B
| $299M | 0.14% |
8,779,100
+2,013,000
| +30% | +$69.9M |
|
125
PUT
AT&T
T
$162B
| $299M | 0.14% |
11,486,892
-4,763,619
| -29% | -$121M |
|
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.