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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.93% |
| 2 | Technology | 1.6% |
| 3 | Consumer Discretionary | 1.4% |
| 4 | Communication Services | 1.36% |
| 5 | Healthcare | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
GE Aerospace
GE
$385B
| $290M | 0.15% |
1,901,058
-2,892,348
| -60% | -$408M |
|
102
PUT
Walmart Inc
WMT
$889B
| $281M | 0.15% |
12,293,700
-2,843,700
| -19% | -$62.4M |
|
103
CALL
Amgen
AMGN
$222B
| $272M | 0.14% |
1,811,700
+293,900
| +19% | +$43.7M |
|
|
RTN
104
PUT
DELISTED
Raytheon Company
RTN
| $271M | 0.14% |
2,210,800
+1,890,500
| +590% | +$233M |
|
105
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| $268M | 0.14% |
1,018,400
+81,900
| +9% | +$19.9M |
|
106
CALL
Biogen
BIIB
$30.7B
| $267M | 0.14% |
1,027,400
-101,000
| -9% | -$26.7M |
|
107
PUT
VanEck Gold Miners ETF
GDX
$27.3B
| $267M | 0.14% |
13,212,000
+5,631,300
| +74% | +$96.9M |
|
|
108
Citigroup
C
$227B
| $266M | 0.14% |
6,374,834
+4,351,697
| +215% | +$182M |
|
109
CALL
iShares MSCI Brazil ETF
EWZ
$8.93B
| $264M | 0.14% |
10,023,800
+2,782,100
| +38% | +$59.8M |
|
110
Walt Disney
DIS
$181B
| $255M | 0.14% |
2,570,330
-469,912
| -15% | -$45.4M |
|
|
111
PUT
iShares MSCI Brazil ETF
EWZ
$8.93B
| $255M | 0.14% |
9,703,100
+39,600
| +0.4% | +$851K |
|
|
TWC
112
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $255M | 0.14% |
1,245,600
-1,004,400
| -45% | -$190M |
|
113
CALL
Boeing
BA
$186B
| $248M | 0.13% |
1,953,400
+256,600
| +15% | +$31.8M |
|
114
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.2B
| $246M | 0.13% |
4,755,400
+2,216,600
| +87% | +$115M |
|
115
PUT
Verizon
VZ
$195B
| $244M | 0.13% |
4,503,000
-711,600
| -14% | -$35.6M |
|
116
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.3B
| $241M | 0.13% |
12,208,456
-21,985,403
| -64% | -$419M |
|
117
CALL
Cisco
CSCO
$478B
| $241M | 0.13% |
8,454,100
-3,519,400
| -29% | -$90.5M |
|
118
CALL
iShares Biotechnology ETF
IBB
$9.74B
| $238M | 0.13% |
2,742,000
+98,100
| +4% | +$8.77M |
|
119
CALL
American Airlines Group
AAL
$10.6B
| $236M | 0.13% |
5,745,300
-1,932,800
| -25% | -$77.8M |
|
|
VXX
120
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $233M | 0.12% |
827,506
-253,800
| -23% | -$95.6M |
|
|
VXX
121
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $233M | 0.12% |
826,156
-357,050
| -30% | -$134M |
|
122
PUT
Intel
INTC
$511B
| $232M | 0.12% |
7,178,400
-6,924,400
| -49% | -$212M |
|
|
123
Berkshire Hathaway Class B
BRK.B
$1.12T
| $232M | 0.12% |
1,636,290
-1,849,094
| -53% | -$245M |
|
124
CALL
Broadcom
AVGO
$2.03T
| $232M | 0.12% |
15,024,000
-4,440,000
| -23% | -$60M |
|
125
PUT
Blackstone
BX
$110B
| $227M | 0.12% |
8,085,500
-2,363,400
| -23% | -$62.4M |
|
Similar funds
Susquehanna International Group's Q1 2016 Portfolio in Review
As of Q1 2016, Susquehanna International Group held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 1.9% of assets, down from 2.1% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Susquehanna International Group opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Susquehanna International Group's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Susquehanna International Group added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Susquehanna International Group's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Susquehanna International Group fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Susquehanna International Group's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Susquehanna International Group opened 1,208 new positions and closed 1,613 in Q1 2016.
- Susquehanna International Group's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.