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 | |
|---|---|---|---|---|---|---|
151
Gilead Sciences
GILD
$165B
| $260M | 0.11% |
3,991,680
-779,834
| -16% | -$51.8M |
|
152
CALL
VanEck Semiconductor ETF
SMH
$73.2B
| $259M | 0.11% |
4,870,600
-2,714,200
| -36% | -$134M |
|
153
CVS Health
CVS
$122B
| $259M | 0.11% |
4,799,302
+4,426,151
| +1,186% | +$273M |
|
154
PUT
Wynn Resorts
WYNN
$10.6B
| $259M | 0.11% |
2,168,500
+169,200
| +8% | +$20.2M |
|
155
PUT
FedEx
FDX
$75.4B
| $257M | 0.11% |
1,419,100
+46,300
| +3% | +$8.18M |
|
156
PUT
Walmart Inc
WMT
$890B
| $257M | 0.11% |
7,908,000
-4,676,700
| -37% | -$152M |
|
157
PUT
United States Oil Fund
USO
$1.84B
| $256M | 0.11% |
2,556,825
-3,694,625
| -59% | -$340M |
|
158
CALL
General Motors
GM
$76.8B
| $254M | 0.1% |
6,837,600
-2,784,000
| -29% | -$106M |
|
159
CALL
JD.com
JD
$44.5B
| $249M | 0.1% |
8,274,700
-7,693,200
| -48% | -$196M |
|
160
CALL
Biogen
BIIB
$30.7B
| $248M | 0.1% |
1,048,500
+8,600
| +0.8% | +$2.71M |
|
161
VanEck Gold Miners ETF
GDX
$27.4B
| $246M | 0.1% |
10,959,210
+6,448,963
| +143% | +$142M |
|
|
AGN
162
PUT
DELISTED
Allergan plc
AGN
| $243M | 0.1% |
1,661,500
+116,500
| +8% | +$16.9M |
|
163
CALL
Baidu
BIDU
$37.2B
| $242M | 0.1% |
1,466,200
+221,800
| +18% | +$37.1M |
|
164
CALL
Workday
WDAY
$44.4B
| $241M | 0.1% |
1,248,400
-29,300
| -2% | -$5.33M |
|
165
PUT
PayPal
PYPL
$50.5B
| $240M | 0.1% |
2,314,400
-1,467,500
| -39% | -$139M |
|
166
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$228M
| $239M | 0.1% |
2,457
-4,128
| -63% | -$525M |
|
|
167
PUT
JD.com
JD
$44.5B
| $239M | 0.1% |
7,919,100
-8,470,600
| -52% | -$215M |
|
168
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $238M | 0.1% |
2,752,400
+904,400
| +49% | +$76.8M |
|
169
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$147M
| $233M | 0.1% |
124,550
+57,778
| +87% | +$127M |
|
170
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $231M | 0.1% |
1,882,000
-1,212,275
| -39% | -$146M |
|
171
PUT
Regeneron Pharmaceuticals
REGN
$80.8B
| $231M | 0.09% |
561,600
-300,100
| -35% | -$124M |
|
172
CALL
lululemon athletica
LULU
$14.6B
| $228M | 0.09% |
1,390,500
+377,000
| +37% | +$55.1M |
|
|
173
CALL
Walmart Inc
WMT
$890B
| $226M | 0.09% |
6,956,700
+129,900
| +2% | +$4.21M |
|
174
Citigroup
C
$226B
| $226M | 0.09% |
3,634,531
-4,575,834
| -56% | -$284M |
|
|
XYZ
175
Block Inc
XYZ
$47.5B
| $225M | 0.09% |
3,002,091
-1,053,665
| -26% | -$76.4M |
|
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.