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 | |
|---|---|---|---|---|---|---|
|
BREW
2001
CALL
DELISTED
Craft Brew Alliance, Inc.
BREW
| $7.53M | ﹤0.01% |
+538,500
| New | +$8.53M |
|
2002
PUT
InterDigital
IDCC
$8.88B
| $7.51M | ﹤0.01% |
113,900
-35,300
| -24% | -$2.45M |
|
2003
CALL
Goodyear
GT
$1.78B
| $7.51M | ﹤0.01% |
414,000
-731,100
| -64% | -$14.2M |
|
2004
CALL
KB Home
KBH
$3.45B
| $7.51M | ﹤0.01% |
310,900
+60,300
| +24% | +$1.34M |
|
2005
Cars.com
CARS
$672M
| $7.51M | ﹤0.01% |
329,472
+236,783
| +255% | +$5.73M |
|
|
RDS.A
2006
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $7.51M | ﹤0.01% |
119,965
+17,956
| +18% | +$1.11M |
|
2007
PUT
Pan American Silver
PAAS
$19.9B
| $7.51M | ﹤0.01% |
566,600
+111,000
| +24% | +$1.55M |
|
2008
CALL
iShares S&P 100 ETF
OEF
$20.6B
| $7.5M | ﹤0.01% |
59,900
+31,500
| +111% | +$3.79M |
|
|
DAY
2009
CALL
DELISTED
Dayforce
DAY
| $7.5M | ﹤0.01% |
146,200
-30,500
| -17% | -$1.35M |
|
|
WMC
2010
CALL
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $7.47M | ﹤0.01% |
73,070
-1,420
| -2% | -$140K |
|
2011
CALL
New York Times
NYT
$10.3B
| $7.46M | ﹤0.01% |
227,000
+114,600
| +102% | +$3.39M |
|
2012
CALL
Synaptics
SYNA
$4.2B
| $7.46M | ﹤0.01% |
187,600
+83,400
| +80% | +$3.3M |
|
2013
PUT
Bilibili
BILI
$7.14B
| $7.46M | ﹤0.01% |
393,400
+99,600
| +34% | +$1.74M |
|
2014
PUT
Progressive
PGR
$121B
| $7.42M | ﹤0.01% |
103,000
-451,100
| -81% | -$30.9M |
|
2015
iShares MSCI Germany ETF
EWG
$1.67B
| $7.42M | ﹤0.01% |
+275,638
| New | +$7.37M |
|
2016
CALL
Canadian Natural Resources
CNQ
$98.1B
| $7.41M | ﹤0.01% |
549,911
+89,236
| +19% | +$1.19M |
|
2017
CALL
FMC
FMC
$1.27B
| $7.41M | ﹤0.01% |
96,400
+4,967
| +5% | +$364K |
|
2018
PUT
Marriott Vacations Worldwide
VAC
$4.17B
| $7.41M | ﹤0.01% |
79,200
-1,557,900
| -95% | -$140M |
|
2019
PUT
Teleflex
TFX
$5.82B
| $7.4M | ﹤0.01% |
24,500
+15,800
| +182% | +$4.4M |
|
2020
CALL
Teradyne
TER
$64.2B
| $7.38M | ﹤0.01% |
185,300
-5,700
| -3% | -$213K |
|
2021
CALL
Mid-America Apartment Communities
MAA
$15.6B
| $7.38M | ﹤0.01% |
67,500
+500
| +0.7% | +$51.4K |
|
2022
PUT
AGNC Investment
AGNC
$13B
| $7.38M | ﹤0.01% |
409,900
-627,600
| -60% | -$11.2M |
|
|
PTLA
2023
PUT
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $7.37M | ﹤0.01% |
212,500
-252,000
| -54% | -$7.27M |
|
|
PYX
2024
PUT
DELISTED
Pyxus International, Inc.
PYX
| $7.37M | ﹤0.01% |
308,300
+115,300
| +60% | +$2.4M |
|
2025
CALL
TAL Education Group
TAL
$6.43B
| $7.36M | ﹤0.01% |
204,100
-220,600
| -52% | -$7.16M |
|
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.