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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.95% |
| 2 | Financials | 1.86% |
| 3 | Consumer Discretionary | 1.84% |
| 4 | Healthcare | 1.45% |
| 5 | Energy | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GAP
1976
The Gap Inc
GAP
$7.55B
| $8.84M | ﹤0.01% |
204,070
-27,286
| -12% | -$1.14M |
|
1977
PUT
Five Below
FIVE
$13B
| $8.83M | ﹤0.01% |
248,300
+53,000
| +27% | +$1.77M |
|
|
CSC
1978
CALL
DELISTED
Computer Sciences
CSC
| $8.82M | ﹤0.01% |
320,592
+276,454
| +626% | +$7.63M |
|
1979
CALL
Suburban Propane Partners
SPH
$1.17B
| $8.82M | ﹤0.01% |
205,200
+54,900
| +37% | +$2.43M |
|
|
ATCO
1980
DELISTED
Atlas Corp.
ATCO
| $8.8M | ﹤0.01% |
482,545
+74,461
| +18% | +$1.36M |
|
1981
PUT
T. Rowe Price
TROW
$24.3B
| $8.79M | ﹤0.01% |
108,500
-27,700
| -20% | -$2.28M |
|
1982
Deere & Co
DE
$167B
| $8.77M | ﹤0.01% |
100,037
-83,781
| -46% | -$7.43M |
|
|
SIAL
1983
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $8.76M | ﹤0.01% |
63,395
-36,725
| -37% | -$5.06M |
|
1984
PUT
EQT Corp
EQT
$34B
| $8.74M | ﹤0.01% |
193,804
+3,123
| +2% | +$132K |
|
1985
PUT
DexCom
DXCM
$33.8B
| $8.74M | ﹤0.01% |
560,800
+269,200
| +92% | +$4.07M |
|
1986
PUT
ProShares Ultra Dow30
DDM
$544M
| $8.74M | ﹤0.01% |
782,400
-319,200
| -29% | -$3.58M |
|
|
SUNE
1987
DELISTED
SUNEDISON, INC COM
SUNE
| $8.73M | ﹤0.01% |
363,947
-388,861
| -52% | -$8.36M |
|
|
AKRX
1988
CALL
DELISTED
Akorn Inc
AKRX
| $8.72M | ﹤0.01% |
183,600
+153,000
| +500% | +$6.95M |
|
|
ARIA
1989
CALL
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $8.71M | ﹤0.01% |
1,056,600
+299,400
| +40% | +$2.21M |
|
|
NAV
1990
PUT
DELISTED
Navistar International
NAV
| $8.7M | ﹤0.01% |
295,000
+181,500
| +160% | +$5.44M |
|
1991
Children's Place
PLCE
$56.3M
| $8.7M | ﹤0.01% |
135,454
+30,554
| +29% | +$1.84M |
|
1992
CALL
Boston Scientific
BSX
$74.2B
| $8.69M | ﹤0.01% |
489,300
-229,700
| -32% | -$3.63M |
|
1993
CALL
Canadian Natural Resources
CNQ
$98.1B
| $8.69M | ﹤0.01% |
584,985
-364,684
| -38% | -$5.22M |
|
1994
CALL
Vanda Pharmaceuticals
VNDA
$298M
| $8.67M | ﹤0.01% |
931,800
+563,600
| +153% | +$6.37M |
|
1995
CALL
Boston Beer
SAM
$1.85B
| $8.66M | ﹤0.01% |
32,400
+200
| +0.6% | +$58K |
|
|
PTR
1996
CALL
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $8.66M | ﹤0.01% |
77,900
-32,900
| -30% | -$3.64M |
|
|
1997
PUT
Boston Scientific
BSX
$74.2B
| $8.65M | ﹤0.01% |
487,200
-587,500
| -55% | -$9.28M |
|
|
CBM
1998
DELISTED
Cambrex Corporation
CBM
| $8.65M | ﹤0.01% |
218,157
+139,509
| +177% | +$4.13M |
|
1999
Voya Financial
VOYA
$8.9B
| $8.64M | ﹤0.01% |
200,436
-117,989
| -37% | -$4.97M |
|
2000
PUT
Autodesk
ADSK
$53.1B
| $8.64M | ﹤0.01% |
147,300
-218,500
| -60% | -$12.9M |
|
Similar funds
Susquehanna International Group's Q1 2015 Portfolio in Review
As of Q1 2015, Susquehanna International Group held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Susquehanna International Group withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Susquehanna International Group opened a new position in AB InBev worth $97.4M.
- Susquehanna International Group's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Susquehanna International Group's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Susquehanna International Group fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Susquehanna International Group's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Susquehanna International Group opened 1,178 new positions and closed 1,393 in Q1 2015.
- Susquehanna International Group's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.