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 | |
|---|---|---|---|---|---|---|
101
CALL
UnitedHealth
UNH
$370B
| $379M | 0.16% |
1,534,800
-361,700
| -19% | -$92.2M |
|
102
CALL
Merck
MRK
$318B
| $373M | 0.15% |
4,702,690
-2,464,163
| -34% | -$184M |
|
103
CALL
Amgen
AMGN
$222B
| $372M | 0.15% |
1,960,500
+783,900
| +67% | +$150M |
|
104
PUT
Morgan Stanley
MS
$340B
| $370M | 0.15% |
8,777,600
+1,503,500
| +21% | +$63.3M |
|
105
PUT
CVS Health
CVS
$122B
| $369M | 0.15% |
6,835,100
+4,337,100
| +174% | +$268M |
|
106
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $368M | 0.15% |
8,316,200
-2,944,200
| -26% | -$126M |
|
107
PUT
Mastercard
MA
$493B
| $352M | 0.14% |
1,495,900
-1,738,600
| -54% | -$374M |
|
108
CALL
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
| $348M | 0.14% |
10,528,600
+3,888,800
| +59% | +$125M |
|
109
CALL
Adobe
ADBE
$105B
| $347M | 0.14% |
1,303,400
-768,000
| -37% | -$194M |
|
110
PUT
AT&T
T
$163B
| $344M | 0.14% |
14,544,537
-7,844,833
| -35% | -$180M |
|
111
CALL
Comcast
CMCSA
$90B
| $343M | 0.14% |
8,567,400
-722,200
| -8% | -$27.2M |
|
112
PUT
Mercado Libre
MELI
$92.3B
| $339M | 0.14% |
667,700
-201,200
| -23% | -$80.2M |
|
113
Wells Fargo
WFC
$264B
| $339M | 0.14% |
7,012,324
+587,890
| +9% | +$28.9M |
|
114
Petrobras Class A
PBR.A
$103B
| $332M | 0.14% |
23,247,304
-61,700
| -0.3% | -$864K |
|
115
CALL
Eli Lilly
LLY
$1.06T
| $332M | 0.14% |
2,560,200
+858,200
| +50% | +$104M |
|
116
CALL
United States Oil Fund
USO
$1.84B
| $332M | 0.14% |
3,321,713
-2,523,200
| -43% | -$232M |
|
117
CALL
Coca-Cola
KO
$375B
| $331M | 0.14% |
7,068,900
-494,800
| -7% | -$23.1M |
|
118
CALL
Union Pacific
UNP
$174B
| $328M | 0.13% |
1,959,200
-4,337,200
| -69% | -$698M |
|
119
CALL
Advanced Micro Devices
AMD
$789B
| $325M | 0.13% |
12,737,000
-6,740,500
| -35% | -$153M |
|
120
CALL
3M
MMM
$94.3B
| $320M | 0.13% |
1,842,438
+787,566
| +75% | +$133M |
|
121
Meta Platforms (Facebook)
META
$1.51T
| $318M | 0.13% |
1,906,003
-936,355
| -33% | -$149M |
|
122
CALL
DuPont de Nemours
DD
$19.2B
| $315M | 0.13% |
2,335,445
+871,858
| +60% | +$121M |
|
123
PUT
Applied Materials
AMAT
$428B
| $313M | 0.13% |
7,894,800
-3,600
| -0% | -$137K |
|
124
PUT
Visa
V
$677B
| $312M | 0.13% |
1,994,400
-901,800
| -31% | -$130M |
|
125
PUT
AutoZone
AZO
$51.1B
| $302M | 0.12% |
294,900
-16,300
| -5% | -$14.6M |
|
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.