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 | |
|---|---|---|---|---|---|---|
|
NUAN
1976
CALL
DELISTED
Nuance Communications, Inc.
NUAN
| $7.73M | ﹤0.01% |
527,258
-3,234
| -0.6% | -$44.9K |
|
|
GAP
1977
The Gap Inc
GAP
$7.35B
| $7.72M | ﹤0.01% |
295,082
-165,408
| -36% | -$4.23M |
|
|
PE
1978
DELISTED
PARSLEY ENERGY INC
PE
| $7.71M | ﹤0.01% |
+399,329
| New | +$7.33M |
|
1979
PUT
Keysight
KEYS
$60.5B
| $7.7M | ﹤0.01% |
88,300
-16,200
| -16% | -$1.26M |
|
1980
PUT
TD Synnex
SNX
$20.4B
| $7.7M | ﹤0.01% |
161,400
+128,600
| +392% | +$6.08M |
|
1981
NXP Semiconductors
NXPI
$58.5B
| $7.69M | ﹤0.01% |
+87,023
| New | +$7.65M |
|
1982
State Street Materials Select Sector SPDR ETF
XLB
$8.56B
| $7.69M | ﹤0.01% |
277,102
+15,468
| +6% | +$417K |
|
1983
iShares MSCI South Korea ETF
EWY
$27.6B
| $7.67M | ﹤0.01% |
+125,927
| New | +$7.81M |
|
|
SNV
1984
PUT
DELISTED
Synovus
SNV
| $7.67M | ﹤0.01% |
223,200
+41,600
| +23% | +$1.53M |
|
1985
CALL
Delek US
DK
$4.18B
| $7.67M | ﹤0.01% |
210,500
+141,900
| +207% | +$4.83M |
|
1986
Invesco S&P SmallCap Health Care ETF
PSCH
$171M
| $7.65M | ﹤0.01% |
198,657
-395,142
| -67% | -$15.4M |
|
|
WPX
1987
PUT
DELISTED
WPX Energy, Inc.
WPX
| $7.65M | ﹤0.01% |
583,400
-307,900
| -35% | -$3.86M |
|
1988
CALL
Gartner
IT
$11.6B
| $7.64M | ﹤0.01% |
50,400
+32,600
| +183% | +$4.52M |
|
1989
PUT
AerCap
AER
$23.4B
| $7.64M | ﹤0.01% |
164,100
-23,700
| -13% | -$1.07M |
|
1990
PUT
Linde
LIN
$220B
| $7.63M | ﹤0.01% |
43,400
-58,900
| -58% | -$9.78M |
|
1991
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $7.63M | ﹤0.01% |
95,850
+75,880
| +380% | +$5.99M |
|
|
RDFN
1992
PUT
DELISTED
Redfin
RDFN
| $7.63M | ﹤0.01% |
376,200
+204,700
| +119% | +$3.73M |
|
1993
Whirlpool
WHR
$2.79B
| $7.61M | ﹤0.01% |
57,262
-96,987
| -63% | -$12.8M |
|
|
SRG
1994
CALL
Seritage Growth Properties
SRG
$128M
| $7.59M | ﹤0.01% |
170,900
-72,500
| -30% | -$3.01M |
|
1995
Boston Beer
SAM
$1.9B
| $7.59M | ﹤0.01% |
+25,763
| New | +$7.05M |
|
1996
Invesco Solar ETF
TAN
$1.38B
| $7.57M | ﹤0.01% |
326,959
+218,406
| +201% | +$4.97M |
|
1997
PUT
Under Armour Class C
UA
$2.26B
| $7.56M | ﹤0.01% |
400,500
-718,700
| -64% | -$13.6M |
|
1998
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$198M
| $7.54M | ﹤0.01% |
1,915
-219
| -10% | -$938K |
|
1999
First Financial Bankshares
FFIN
$5.04B
| $7.53M | ﹤0.01% |
+260,672
| New | +$7.96M |
|
|
CIT
2000
CALL
DELISTED
CIT Group Inc.
CIT
| $7.53M | ﹤0.01% |
157,000
+65,700
| +72% | +$3.09M |
|
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.