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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.07% |
| 3 | Communication Services | 1.37% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $12.9M | ﹤0.01% |
+124,151
| New | +$13.1M |
|
1702
Analog Devices
ADI
$187B
| $12.8M | ﹤0.01% |
114,875
-3,727
| -3% | -$422K |
|
1703
PUT
Oneok
OKE
$56.9B
| $12.8M | ﹤0.01% |
173,900
+73,200
| +73% | +$5.18M |
|
1704
CALL
Takeda Pharmaceutical
TAK
$56B
| $12.8M | ﹤0.01% |
744,200
-72,100
| -9% | -$1.25M |
|
1705
PUT
National Healthcare
NHC
$3.46B
| $12.8M | ﹤0.01% |
156,300
-5,800
| -4% | -$480K |
|
1706
PUT
Tenet Healthcare
THC
$20.9B
| $12.8M | ﹤0.01% |
577,600
-18,700
| -3% | -$398K |
|
1707
CALL
Ligand Pharmaceuticals
LGND
$5.89B
| $12.8M | ﹤0.01% |
205,665
-195,726
| -49% | -$12.3M |
|
1708
PUT
StoneCo
STNE
$2.52B
| $12.8M | ﹤0.01% |
366,700
-300,400
| -45% | -$10M |
|
1709
CALL
Brown-Forman Class B
BF.B
$12.9B
| $12.8M | ﹤0.01% |
203,100
+182,300
| +876% | +$10.7M |
|
|
ANSS
1710
PUT
DELISTED
Ansys
ANSS
| $12.8M | ﹤0.01% |
57,600
+19,400
| +51% | +$4.09M |
|
1711
CALL
iShares MSCI South Korea ETF
EWY
$25.2B
| $12.7M | ﹤0.01% |
226,000
-99,400
| -31% | -$5.5M |
|
1712
CALL
Northern Trust
NTRS
$34.4B
| $12.7M | ﹤0.01% |
136,400
-27,300
| -17% | -$2.51M |
|
1713
PUT
Danaher
DHR
$147B
| $12.7M | ﹤0.01% |
99,377
+33,953
| +52% | +$4.25M |
|
|
NVTA
1714
PUT
DELISTED
Invitae Corporation
NVTA
| $12.7M | ﹤0.01% |
660,200
+42,100
| +7% | +$993K |
|
1715
PUT
OSI Systems
OSIS
$3.83B
| $12.7M | ﹤0.01% |
125,200
+19,900
| +19% | +$2.15M |
|
1716
CALL
Citizens Financial Group
CFG
$30.6B
| $12.7M | ﹤0.01% |
358,800
+118,800
| +50% | +$4.15M |
|
1717
CALL
Restaurant Brands International
QSR
$25.4B
| $12.7M | ﹤0.01% |
178,300
-163,900
| -48% | -$12.1M |
|
1718
Align Technology
ALGN
$12.5B
| $12.7M | ﹤0.01% |
70,065
-21,866
| -24% | -$4.55M |
|
|
1719
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $12.7M | ﹤0.01% |
122,300
+46,300
| +61% | +$4.89M |
|
1720
CALL
Vanguard Energy ETF
VDE
$10.3B
| $12.7M | ﹤0.01% |
161,300
+41,500
| +35% | +$3.32M |
|
1721
CALL
Sun Communities
SUI
$14.4B
| $12.6M | ﹤0.01% |
85,200
+73,900
| +654% | +$10.4M |
|
1722
PUT
Encore Capital Group
ECPG
$2.01B
| $12.6M | ﹤0.01% |
379,500
+82,000
| +28% | +$2.88M |
|
1723
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $12.6M | ﹤0.01% |
205,589
-632,692
| -75% | -$38M |
|
1724
PUT
Enbridge
ENB
$112B
| $12.6M | ﹤0.01% |
359,900
+142,200
| +65% | +$4.92M |
|
1725
Applied Materials
AMAT
$415B
| $12.6M | ﹤0.01% |
252,700
-2,436,173
| -91% | -$118M |
|
Similar funds
Susquehanna International Group's Q3 2019 Portfolio in Review
As of Q3 2019, Susquehanna International Group held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Susquehanna International Group's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Susquehanna International Group added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Susquehanna International Group's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Susquehanna International Group fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Susquehanna International Group's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Susquehanna International Group opened 1,223 new positions and closed 1,294 in Q3 2019.
- Susquehanna International Group's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.