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 | |
|---|---|---|---|---|---|---|
|
APHA
2001
CALL
DELISTED
Aphria Inc. Common Shares
APHA
| $9.57M | ﹤0.01% |
1,843,500
-134,800
| -7% | -$857K |
|
2002
PUT
Celanese
CE
$4.92B
| $9.56M | ﹤0.01% |
78,200
+32,400
| +71% | +$3.65M |
|
2003
CALL
Elastic
ESTC
$7.94B
| $9.56M | ﹤0.01% |
116,100
+102,300
| +741% | +$9.09M |
|
2004
Arrowhead Research
ARWR
$12.6B
| $9.56M | ﹤0.01% |
339,133
+37,666
| +12% | +$1.11M |
|
2005
PUT
GameStop
GME
$8.44B
| $9.55M | ﹤0.01% |
6,918,000
-2,243,200
| -24% | -$2.42M |
|
2006
CALL
WEX
WEX
$6.44B
| $9.54M | ﹤0.01% |
47,200
+14,700
| +45% | +$3.04M |
|
2007
PUT
Quest Diagnostics
DGX
$26.2B
| $9.54M | ﹤0.01% |
89,100
-2,900
| -3% | -$298K |
|
|
PVG
2008
CALL
DELISTED
PRETIUM RESOURCES INC.
PVG
| $9.53M | ﹤0.01% |
828,100
+64,800
| +8% | +$769K |
|
|
NVEE
2009
CALL
DELISTED
NV5 Global
NVEE
| $9.52M | ﹤0.01% |
558,000
-211,600
| -27% | -$3.85M |
|
|
SIX
2010
PUT
DELISTED
Six Flags Entertainment Corp.
SIX
| $9.51M | ﹤0.01% |
187,300
-50,400
| -21% | -$2.74M |
|
2011
Royal Caribbean
RCL
$82.1B
| $9.51M | ﹤0.01% |
87,792
+81,780
| +1,360% | +$9M |
|
2012
CALL
Transocean
RIG
$6.49B
| $9.49M | ﹤0.01% |
2,122,800
+586,400
| +38% | +$3.11M |
|
2013
Ferrari
RACE
$72.1B
| $9.49M | ﹤0.01% |
61,577
+17,824
| +41% | +$2.84M |
|
2014
PUT
CBRE Group
CBRE
$42.7B
| $9.47M | ﹤0.01% |
178,600
+90,800
| +103% | +$4.77M |
|
2015
PUT
iShares Russell 1000 Value ETF
IWD
$84B
| $9.43M | ﹤0.01% |
73,500
+38,100
| +108% | +$4.84M |
|
2016
PUT
Lincoln National
LNC
$8.51B
| $9.41M | ﹤0.01% |
156,000
-65,200
| -29% | -$3.9M |
|
2017
PUT
Weyerhaeuser
WY
$18B
| $9.38M | ﹤0.01% |
338,700
-106,800
| -24% | -$2.79M |
|
|
HTT
2018
PUT
High Templar Tech Ltd
HTT
$388M
| $9.37M | ﹤0.01% |
1,360,300
+247,900
| +22% | +$2M |
|
|
JNPR
2019
CALL
DELISTED
Juniper Networks
JNPR
| $9.37M | ﹤0.01% |
378,500
-4,400
| -1% | -$111K |
|
2020
Selective Insurance
SIGI
$5.6B
| $9.36M | ﹤0.01% |
124,528
+94,576
| +316% | +$7.3M |
|
|
SOLN
2021
DELISTED
The Southern Company
SOLN
| $9.35M | ﹤0.01% |
+175,000
| New | +$9.18M |
|
2022
Equitable Holdings
EQH
$14B
| $9.35M | ﹤0.01% |
421,910
+79,754
| +23% | +$1.71M |
|
2023
Innovative Industrial Properties
IIPR
$1.67B
| $9.35M | ﹤0.01% |
101,199
+93,059
| +1,143% | +$9.81M |
|
|
EBIX
2024
DELISTED
Ebix Inc
EBIX
| $9.35M | ﹤0.01% |
221,989
+101,683
| +85% | +$4.27M |
|
2025
PUT
Canadian Pacific Kansas City
CP
$80.8B
| $9.34M | ﹤0.01% |
210,000
-247,500
| -54% | -$11.6M |
|
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.