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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.07% |
| 3 | Communication Services | 1.37% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
PUT
GoPro
GPRO
$107M
| $9.79M | ﹤0.01% |
1,888,900
-330,700
| -15% | -$1.55M |
|
1977
Tenet Healthcare
THC
$21.1B
| $9.77M | ﹤0.01% |
441,837
-18,641
| -4% | -$397K |
|
1978
HubSpot
HUBS
$11B
| $9.77M | ﹤0.01% |
64,438
+46,619
| +262% | +$8.38M |
|
|
OPTU
1979
CALL
Optimum Communications Inc
OPTU
$327M
| $9.76M | ﹤0.01% |
340,400
+163,900
| +93% | +$4.46M |
|
1980
PUT
Willis Towers Watson
WTW
$32B
| $9.74M | ﹤0.01% |
50,500
+40,800
| +421% | +$7.97M |
|
1981
SS&C Technologies
SSNC
$18.8B
| $9.72M | ﹤0.01% |
188,586
+1,847
| +1% | +$94.4K |
|
1982
PUT
Xerox
XRX
$422M
| $9.71M | ﹤0.01% |
324,700
+56,900
| +21% | +$1.78M |
|
1983
PUT
iShares Russell 2000 Value ETF
IWN
$14.6B
| $9.71M | ﹤0.01% |
81,300
+37,600
| +86% | +$4.44M |
|
1984
CALL
Service Corp International
SCI
$11.4B
| $9.7M | ﹤0.01% |
202,900
+101,800
| +101% | +$4.78M |
|
1985
CALL
Franklin Resources
BEN
$17B
| $9.7M | ﹤0.01% |
336,100
-300,100
| -47% | -$9.17M |
|
1986
CALL
Eastman Chemical
EMN
$8.54B
| $9.69M | ﹤0.01% |
131,300
-9,200
| -7% | -$660K |
|
1987
PUT
Snap-on
SNA
$21.3B
| $9.69M | ﹤0.01% |
61,900
-40,300
| -39% | -$6.19M |
|
1988
CALL
First Majestic Silver
AG
$9.29B
| $9.69M | ﹤0.01% |
1,065,600
+53,200
| +5% | +$520K |
|
1989
Keurig Dr Pepper
KDP
$39.8B
| $9.66M | ﹤0.01% |
353,621
-5,671
| -2% | -$158K |
|
|
BID
1990
PUT
DELISTED
Sotheby's
BID
| $9.64M | ﹤0.01% |
169,200
-2,200
| -1% | -$127K |
|
|
VSM
1991
PUT
DELISTED
Versum Materials, Inc.
VSM
| $9.64M | ﹤0.01% |
182,100
+92,500
| +103% | +$4.81M |
|
1992
PUT
FirstEnergy
FE
$27.2B
| $9.63M | ﹤0.01% |
199,700
+26,600
| +15% | +$1.2M |
|
1993
Boyd Gaming
BYD
$6.01B
| $9.63M | ﹤0.01% |
401,947
+94,256
| +31% | +$2.38M |
|
1994
Agios Pharmaceuticals
AGIO
$1.96B
| $9.62M | ﹤0.01% |
297,046
+173,616
| +141% | +$7.19M |
|
1995
CALL
TripAdvisor
TRIP
$1.28B
| $9.6M | ﹤0.01% |
248,200
+30,600
| +14% | +$1.27M |
|
1996
CALL
ICU Medical
ICUI
$4.56B
| $9.59M | ﹤0.01% |
60,100
+13,000
| +28% | +$2.59M |
|
|
ONC
1997
PUT
BeOne Medicines Ltd
ONC
$40.8B
| $9.59M | ﹤0.01% |
78,300
+46,000
| +142% | +$6.11M |
|
1998
Axalta
AXTA
$7.94B
| $9.58M | ﹤0.01% |
317,808
+29,681
| +10% | +$876K |
|
1999
Equity Residential
EQR
$24.4B
| $9.57M | ﹤0.01% |
110,984
+102,107
| +1,150% | +$8.35M |
|
|
NBL
2000
DELISTED
Noble Energy, Inc.
NBL
| $9.57M | ﹤0.01% |
426,069
+140,950
| +49% | +$3.14M |
|
Similar funds
Susquehanna International Group's Q3 2019 Portfolio in Review
As of Q3 2019, Susquehanna International Group held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Susquehanna International Group's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Susquehanna International Group added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Susquehanna International Group's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Susquehanna International Group fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Susquehanna International Group's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Susquehanna International Group opened 1,223 new positions and closed 1,294 in Q3 2019.
- Susquehanna International Group's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.