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 | |
|---|---|---|---|---|---|---|
|
VAR
1976
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $6.45M | ﹤0.01% |
91,915
-36,606
| -28% | -$2.49M |
|
1977
PUT
Prospect Capital
PSEC
$1.16B
| $6.45M | ﹤0.01% |
886,900
+144,800
| +20% | +$962K |
|
1978
CALL
United Natural Foods
UNFI
$2.87B
| $6.42M | ﹤0.01% |
159,400
+28,900
| +22% | +$1.07M |
|
1979
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$692B
| $6.41M | ﹤0.01% |
61,100
+25,800
| +73% | +$2.56M |
|
|
JOY
1980
DELISTED
Joy Global Inc
JOY
| $6.41M | ﹤0.01% |
398,959
+59,024
| +17% | +$743K |
|
|
WPZ
1981
PUT
DELISTED
Williams Partners L.P.
WPZ
| $6.41M | ﹤0.01% |
313,300
+76,300
| +32% | +$1.5M |
|
|
CS
1982
CALL
DELISTED
Credit Suisse Group
CS
| $6.4M | ﹤0.01% |
453,100
-11,300
| -2% | -$180K |
|
1983
CALL
ProShares Ultra Silver
AGQ
$1.44B
| $6.4M | ﹤0.01% |
195,000
+11,300
| +6% | +$352K |
|
|
AMTD
1984
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $6.4M | ﹤0.01% |
202,900
+53,400
| +36% | +$1.57M |
|
1985
CALL
Agilent Technologies
A
$42.2B
| $6.38M | ﹤0.01% |
160,000
+9,600
| +6% | +$366K |
|
1986
PUT
Assured Guaranty
AGO
$3.34B
| $6.38M | ﹤0.01% |
252,000
-1,660,400
| -87% | -$40.8M |
|
1987
CALL
AutoNation
AN
$6.95B
| $6.37M | ﹤0.01% |
136,500
+7,000
| +5% | +$339K |
|
|
DST
1988
CALL
DELISTED
DST Systems Inc.
DST
| $6.37M | ﹤0.01% |
113,000
+108,200
| +2,254% | +$5.76M |
|
1989
PUT
Zebra Technologies
ZBRA
$18B
| $6.37M | ﹤0.01% |
92,300
+28,000
| +44% | +$1.75M |
|
|
QEP
1990
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $6.37M | ﹤0.01% |
451,300
-395,000
| -47% | -$4.57M |
|
1991
CALL
Halozyme
HALO
$11.8B
| $6.37M | ﹤0.01% |
672,300
+47,100
| +8% | +$443K |
|
|
MRO
1992
DELISTED
Marathon Oil Corporation
MRO
| $6.36M | ﹤0.01% |
570,589
+317,951
| +126% | +$2.97M |
|
1993
PUT
Smith & Wesson
SWBI
$640M
| $6.35M | ﹤0.01% |
310,549
+85,216
| +38% | +$1.59M |
|
1994
Kohl's
KSS
$2.12B
| $6.34M | ﹤0.01% |
136,019
+94,592
| +228% | +$4.44M |
|
|
TERP
1995
PUT
DELISTED
TerraForm Power, Inc
TERP
| $6.34M | ﹤0.01% |
733,000
+149,400
| +26% | +$1.39M |
|
|
VER
1996
PUT
DELISTED
VEREIT, Inc.
VER
| $6.34M | ﹤0.01% |
142,900
-100,780
| -41% | -$4M |
|
1997
CALL
AES
AES
$10.5B
| $6.33M | ﹤0.01% |
536,900
+301,100
| +128% | +$3M |
|
1998
CALL
Affiliated Managers Group
AMG
$9.55B
| $6.33M | ﹤0.01% |
39,000
+18,700
| +92% | +$2.61M |
|
1999
Allstate
ALL
$67.2B
| $6.32M | ﹤0.01% |
93,821
-86,645
| -48% | -$5.44M |
|
2000
PUT
ProShares UltraShort Energy
DUG
$18.9M
| $6.32M | ﹤0.01% |
5,150
+1,475
| +40% | +$2.18M |
|
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.