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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.93% |
| 2 | Technology | 1.6% |
| 3 | Consumer Discretionary | 1.4% |
| 4 | Communication Services | 1.36% |
| 5 | Healthcare | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
201
DELISTED
Allergan plc
AGN
| $150M | 0.08% |
561,209
-694,296
| -55% | -$199M |
|
202
CALL
DuPont de Nemours
DD
$19.6B
| $150M | 0.08% |
1,162,175
-618,976
| -35% | -$74.2M |
|
203
CALL
Delta Air Lines
DAL
$60.2B
| $148M | 0.08% |
3,046,900
-7,400
| -0.2% | -$346K |
|
204
CALL
Philip Morris
PM
$295B
| $148M | 0.08% |
1,506,600
+118,800
| +9% | +$10.9M |
|
205
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$206M
| $148M | 0.08% |
2,920,100
+1,087,100
| +59% | +$43.7M |
|
206
Microsoft
MSFT
$3.74T
| $147M | 0.08% |
2,654,670
-254,287
| -9% | -$13.3M |
|
|
AET
207
CALL
DELISTED
Aetna Inc
AET
| $146M | 0.08% |
1,299,300
-98,000
| -7% | -$10.5M |
|
208
Chipotle Mexican Grill
CMG
$41.9B
| $146M | 0.08% |
15,450,250
+2,390,700
| +18% | +$22.7M |
|
209
PUT
Herbalife
HLF
$1.25B
| $144M | 0.08% |
4,686,800
-1,717,400
| -27% | -$44.3M |
|
210
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$712M
| $144M | 0.08% |
27,503
-13,182
| -32% | -$84.9M |
|
211
PUT
UnitedHealth
UNH
$369B
| $144M | 0.08% |
1,117,300
+10,600
| +1% | +$1.25M |
|
212
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$313M
| $143M | 0.08% |
3,884,200
-406,300
| -9% | -$15.7M |
|
213
PUT
Nike
NKE
$62.2B
| $143M | 0.08% |
2,321,400
+122,900
| +6% | +$7.42M |
|
|
TWX
214
CALL
DELISTED
Time Warner Inc
TWX
| $142M | 0.08% |
1,960,900
+901,000
| +85% | +$62M |
|
215
CALL
Visa
V
$680B
| $141M | 0.07% |
1,837,100
-535,600
| -23% | -$38.9M |
|
216
PUT
Palo Alto Networks
PANW
$296B
| $140M | 0.07% |
5,144,400
-698,400
| -12% | -$17.2M |
|
217
PUT
Under Armour
UAA
$2.65B
| $140M | 0.07% |
3,289,600
-2,737,600
| -45% | -$108M |
|
218
CALL
AbbVie
ABBV
$432B
| $139M | 0.07% |
2,437,200
-165,000
| -6% | -$9.2M |
|
219
iShares China Large-Cap ETF
FXI
$4.32B
| $139M | 0.07% |
4,118,940
-5,251,566
| -56% | -$165M |
|
220
CALL
3M
MMM
$94.3B
| $139M | 0.07% |
996,507
+214,443
| +27% | +$27.5M |
|
221
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$42.4B
| $139M | 0.07% |
2,044,400
+845,000
| +70% | +$56.6M |
|
222
Johnson & Johnson
JNJ
$618B
| $138M | 0.07% |
1,273,840
+503,639
| +65% | +$52.1M |
|
223
PUT
FedEx
FDX
$75.2B
| $138M | 0.07% |
846,700
-484,300
| -36% | -$67.4M |
|
224
CALL
United States Oil Fund
USO
$1.87B
| $138M | 0.07% |
1,773,938
-1,278,425
| -42% | -$95.5M |
|
225
PUT
BP
BP
$108B
| $137M | 0.07% |
5,392,804
-2,559,784
| -32% | -$64.6M |
|
Similar funds
Susquehanna International Group's Q1 2016 Portfolio in Review
As of Q1 2016, Susquehanna International Group held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 1.9% of assets, down from 2.1% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Susquehanna International Group opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Susquehanna International Group's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Susquehanna International Group added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Susquehanna International Group's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Susquehanna International Group fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Susquehanna International Group's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Susquehanna International Group opened 1,208 new positions and closed 1,613 in Q1 2016.
- Susquehanna International Group's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.