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 | |
|---|---|---|---|---|---|---|
2026
PUT
Supernus Pharmaceuticals
SUPN
$2.74B
| $7.36M | ﹤0.01% |
210,100
+75,700
| +56% | +$2.82M |
|
|
NLSN
2027
DELISTED
Nielsen Holdings plc
NLSN
| $7.33M | ﹤0.01% |
309,656
-105,151
| -25% | -$2.72M |
|
2028
PUT
Direxion Daily FTSE China Bull 3X ETF
YINN
$651M
| $7.32M | ﹤0.01% |
15,145
+4,640
| +44% | +$2.06M |
|
2029
CALL
Icahn Enterprises
IEP
$5.33B
| $7.32M | ﹤0.01% |
101,000
+48,300
| +92% | +$3.37M |
|
2030
PUT
Direxion Daily Junior Gold Miners Index Bear 2X ETF
JDST
$20.5M
| $7.3M | ﹤0.01% |
37
-4
| -10% | -$824K |
|
2031
Madrigal Pharmaceuticals
MDGL
$11.7B
| $7.3M | ﹤0.01% |
58,283
+45,008
| +339% | +$5.59M |
|
2032
CALL
Innovative Industrial Properties
IIPR
$1.67B
| $7.29M | ﹤0.01% |
+89,300
| New | +$6.04M |
|
2033
CALL
Community Health Systems
CYH
$419M
| $7.28M | ﹤0.01% |
1,952,000
+830,500
| +74% | +$3.41M |
|
2034
CALL
Ollie's Bargain Outlet
OLLI
$4.7B
| $7.27M | ﹤0.01% |
85,200
+55,800
| +190% | +$4.5M |
|
2035
Vodafone
VOD
$37.5B
| $7.26M | ﹤0.01% |
399,349
+283,550
| +245% | +$5.26M |
|
|
CLVS
2036
CALL
DELISTED
Clovis Oncology, Inc.
CLVS
| $7.26M | ﹤0.01% |
292,400
-537,300
| -65% | -$13.5M |
|
2037
PUT
Helen of Troy
HELE
$699M
| $7.25M | ﹤0.01% |
62,500
+22,000
| +54% | +$2.54M |
|
2038
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.59B
| $7.24M | ﹤0.01% |
360,776
+46,519
| +15% | +$879K |
|
|
ACIA
2039
PUT
DELISTED
Acacia Communications Inc
ACIA
| $7.24M | ﹤0.01% |
126,300
+30,400
| +32% | +$1.45M |
|
|
ZUO
2040
PUT
DELISTED
Zuora, Inc.
ZUO
| $7.24M | ﹤0.01% |
361,400
+113,100
| +46% | +$2.44M |
|
|
GWPH
2041
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $7.24M | ﹤0.01% |
42,929
-283,645
| -87% | -$42.2M |
|
2042
Annaly Capital Management
NLY
$17.6B
| $7.23M | ﹤0.01% |
181,006
-6,354
| -3% | -$259K |
|
|
LL
2043
PUT
DELISTED
LL Flooring Holdings, Inc.
LL
| $7.23M | ﹤0.01% |
716,000
+485,100
| +210% | +$5.38M |
|
2044
Galicia Financial Group
GGAL
$7.23B
| $7.22M | ﹤0.01% |
+282,821
| New | +$8.86M |
|
2045
CALL
Tyler Technologies
TYL
$13.5B
| $7.21M | ﹤0.01% |
35,300
+13,000
| +58% | +$2.57M |
|
2046
PUT
iShares MSCI Turkey ETF
TUR
$220M
| $7.2M | ﹤0.01% |
296,700
-787,800
| -73% | -$21M |
|
|
PVG
2047
DELISTED
PRETIUM RESOURCES INC.
PVG
| $7.19M | ﹤0.01% |
840,306
-1,486,260
| -64% | -$11.8M |
|
2048
CSX Corp
CSX
$92.9B
| $7.18M | ﹤0.01% |
+287,718
| New | +$6.66M |
|
2049
CALL
Cedar Fair
FUN
$1.71B
| $7.17M | ﹤0.01% |
136,300
+64,700
| +90% | +$3.45M |
|
|
BPL
2050
PUT
DELISTED
Buckeye Partners, L.P.
BPL
| $7.16M | ﹤0.01% |
210,400
-177,000
| -46% | -$5.72M |
|
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.