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 | |
|---|---|---|---|---|---|---|
1801
PUT
NextEra Energy
NEE
$177B
| $7.6M | ﹤0.01% |
256,800
-664,000
| -72% | -$18.6M |
|
1802
CALL
Willis Towers Watson
WTW
$31.9B
| $7.59M | ﹤0.01% |
64,000
+56,752
| +783% | +$6.53M |
|
1803
PUT
Direxion Daily MSCI Emerging Markets Bear 3X ETF
EDZ
$19.9M
| $7.58M | ﹤0.01% |
4,350
+12
| +0.3% | +$30.2K |
|
|
CERN
1804
DELISTED
Cerner Corp
CERN
| $7.56M | ﹤0.01% |
142,670
+79,837
| +127% | +$4.35M |
|
1805
Travelers Companies
TRV
$78.3B
| $7.55M | ﹤0.01% |
64,735
-147,171
| -69% | -$16.1M |
|
1806
CALL
The Mosaic Company
MOS
$7.46B
| $7.55M | ﹤0.01% |
279,800
-825,000
| -75% | -$21.5M |
|
1807
PUT
Factset
FDS
$10.1B
| $7.52M | ﹤0.01% |
49,600
+6,300
| +15% | +$940K |
|
1808
GameStop
GME
$8.43B
| $7.51M | ﹤0.01% |
946,700
-3,220,624
| -77% | -$23.1M |
|
1809
KKR & Co
KKR
$93.2B
| $7.51M | ﹤0.01% |
511,148
+403,677
| +376% | +$5.49M |
|
1810
PUT
Terex
TEX
$7.58B
| $7.49M | ﹤0.01% |
301,200
+31,600
| +12% | +$661K |
|
1811
PUT
BorgWarner
BWA
$14.1B
| $7.49M | ﹤0.01% |
221,634
-41,350
| -16% | -$1.23M |
|
|
HIMX
1812
CALL
Himax Technologies
HIMX
$2.57B
| $7.49M | ﹤0.01% |
666,400
+72,900
| +12% | +$640K |
|
1813
PUT
Neurocrine Biosciences
NBIX
$16.8B
| $7.47M | ﹤0.01% |
189,000
+60,000
| +47% | +$2.38M |
|
1814
PUT
Ciena
CIEN
$54.9B
| $7.47M | ﹤0.01% |
392,600
-108,500
| -22% | -$2M |
|
1815
Bank of Montreal
BMO
$127B
| $7.46M | ﹤0.01% |
122,964
-31,073
| -20% | -$1.7M |
|
1816
CALL
Public Service Enterprise Group
PEG
$37.2B
| $7.46M | ﹤0.01% |
158,300
+115,200
| +267% | +$4.89M |
|
1817
Ryanair
RYAAY
$30.9B
| $7.45M | ﹤0.01% |
216,940
-38,020
| -15% | -$1.25M |
|
|
RDS.B
1818
CALL
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $7.45M | ﹤0.01% |
151,400
+2,500
| +2% | +$112K |
|
1819
PUT
Everest Group
EG
$14.2B
| $7.44M | ﹤0.01% |
37,700
-16,000
| -30% | -$2.96M |
|
1820
PUT
VF Corp
VFC
$5.86B
| $7.44M | ﹤0.01% |
122,024
-192,965
| -61% | -$11.2M |
|
1821
PUT
Oneok
OKE
$56.9B
| $7.43M | ﹤0.01% |
248,900
-31,100
| -11% | -$765K |
|
1822
PUT
Alerian MLP ETF
AMLP
$13.3B
| $7.43M | ﹤0.01% |
136,300
-26,160
| -16% | -$1.33M |
|
1823
CALL
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$20B
| $7.42M | ﹤0.01% |
415,200
-1,606,500
| -79% | -$26.6M |
|
|
ETFC
1824
CALL
DELISTED
E*Trade Financial Corporation
ETFC
| $7.42M | ﹤0.01% |
302,900
-302,500
| -50% | -$7.32M |
|
1825
Mercado Libre
MELI
$92.5B
| $7.41M | ﹤0.01% |
62,887
+19,287
| +44% | +$2M |
|
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.