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 |
Apple
AAPL
|
+$1.31B |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$339M |
| 3 |
Tesla
TSLA
|
+$275M |
| 4 |
Alibaba
BABA
|
+$236M |
| 5 |
AGN
Allergan plc
AGN
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$474M |
| 2 |
Gilead Sciences
GILD
|
+$359M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
Intel
INTC
|
+$248M |
| 5 |
Microsoft
MSFT
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.37% |
| 2 | Consumer Discretionary | 1.4% |
| 3 | Communication Services | 0.94% |
| 4 | Healthcare | 0.7% |
| 5 | Financials | 0.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
PUT
Stratasys
SSYS
$774M
| $7.71M | ﹤0.01% |
333,400
-150,300
| -31% | -$3.48M |
|
|
NVRO
2002
PUT
DELISTED
NEVRO CORP.
NVRO
| $7.71M | ﹤0.01% |
84,800
-37,400
| -31% | -$3.2M |
|
|
ENDP
2003
PUT
DELISTED
Endo International plc
ENDP
| $7.7M | ﹤0.01% |
898,500
-452,600
| -33% | -$4.36M |
|
|
AXON
2004
CALL
Axon Enterprise
AXON
$46.4B
| $7.69M | ﹤0.01% |
339,400
-69,700
| -17% | -$1.63M |
|
|
MASI
2005
PUT
DELISTED
Masimo
MASI
| $7.69M | ﹤0.01% |
88,800
+38,000
| +75% | +$3.36M |
|
2006
PUT
Adient
ADNT
$1.5B
| $7.68M | ﹤0.01% |
91,500
-18,200
| -17% | -$1.29M |
|
2007
CALL
iShares S&P 100 ETF
OEF
$20.6B
| $7.68M | ﹤0.01% |
69,000
+48,800
| +242% | +$5.34M |
|
|
SRG
2008
PUT
Seritage Growth Properties
SRG
$136M
| $7.67M | ﹤0.01% |
166,600
-152,800
| -48% | -$7.09M |
|
2009
Packaging Corp of America
PKG
$22.8B
| $7.67M | ﹤0.01% |
66,909
+29,009
| +77% | +$3.25M |
|
2010
PUT
American Eagle Outfitters
AEO
$3.01B
| $7.67M | ﹤0.01% |
536,400
+25,700
| +5% | +$315K |
|
2011
PUT
Bank of Montreal
BMO
$127B
| $7.67M | ﹤0.01% |
101,300
+28,100
| +38% | +$2.1M |
|
|
BBBY
2012
PUT
Bed Bath & Beyond
BBBY
$442M
| $7.67M | ﹤0.01% |
343,664
+240,911
| +234% | +$3.64M |
|
2013
PUT
Core Laboratories
CLB
$521M
| $7.66M | ﹤0.01% |
77,600
-47,400
| -38% | -$4.59M |
|
|
BIG
2014
CALL
DELISTED
Big Lots, Inc.
BIG
| $7.66M | ﹤0.01% |
142,900
+30,600
| +27% | +$1.51M |
|
2015
CALL
Novartis
NVS
$297B
| $7.65M | ﹤0.01% |
99,436
-195,858
| -66% | -$14.8M |
|
2016
CALL
Agilent Technologies
A
$41.2B
| $7.59M | ﹤0.01% |
118,200
-102,700
| -46% | -$6.4M |
|
2017
CALL
Markel Group
MKL
$23.2B
| $7.58M | ﹤0.01% |
7,100
+4,500
| +173% | +$4.65M |
|
|
ULTI
2018
CALL
DELISTED
Ultimate Software Group Inc
ULTI
| $7.57M | ﹤0.01% |
39,900
+8,600
| +27% | +$1.74M |
|
2019
CALL
Community Health Systems
CYH
$423M
| $7.56M | ﹤0.01% |
984,800
+428,300
| +77% | +$3.34M |
|
2020
Goodyear
GT
$1.85B
| $7.56M | ﹤0.01% |
227,461
+125,167
| +122% | +$4.07M |
|
2021
PUT
Cognex
CGNX
$11.3B
| $7.55M | ﹤0.01% |
137,000
-84,600
| -38% | -$4.3M |
|
2022
PUT
ProShares UltraShort Gold
GLL
$107M
| $7.54M | ﹤0.01% |
26,350
+20,575
| +356% | +$5.93M |
|
2023
CALL
Cullen/Frost Bankers
CFR
$10.2B
| $7.54M | ﹤0.01% |
79,400
-42,400
| -35% | -$3.83M |
|
|
BPL
2024
PUT
DELISTED
Buckeye Partners, L.P.
BPL
| $7.53M | ﹤0.01% |
132,100
-34,900
| -21% | -$2.07M |
|
2025
PUT
ProShares UltraShort QQQ
QID
$247M
| $7.53M | ﹤0.01% |
6,086
+1,563
| +35% | +$2.01M |
|
Similar funds
Susquehanna International Group's Q3 2017 Portfolio in Review
As of Q3 2017, Susquehanna International Group held 10,422 positions worth $259B, up 14% from $228B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $19.7B of net new capital in Q3 2017, opening 1,312 new positions and adding to 3,605 existing holdings. Its largest new stake was JPMorgan Chase: 794,224 shares worth $75.9M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $474M trimmed.
- Susquehanna International Group's largest Q3 2017 buy was JPMorgan Chase: 794,224 shares worth $75.9M.
- Susquehanna International Group added most to Apple in Q3 2017, an estimated $1.31B increase.
- Susquehanna International Group's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $474M.
- Susquehanna International Group fully exited iShares 20+ Year Treasury Bond ETF in Q3 2017, selling an estimated $69.3M.
- Susquehanna International Group's ten largest holdings make up 24% of its $259B portfolio in Q3 2017.
- Susquehanna International Group opened 1,312 new positions and closed 1,693 in Q3 2017.
- Susquehanna International Group's portfolio value rose 14% quarter-over-quarter to $259B.
Based on Susquehanna International Group's 13F filing for Q3 2017, filed 14 Nov 2017.