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 | |
|---|---|---|---|---|---|---|
201
PUT
Merck
MRK
$318B
| $250M | 0.08% |
3,109,940
+1,091,492
| +54% | +$87.5M |
|
202
CALL
General Dynamics
GD
$106B
| $250M | 0.08% |
1,366,300
+1,136,900
| +496% | +$211M |
|
|
203
iShares Russell 2000 ETF
IWM
$83B
| $249M | 0.08% |
1,642,810
-1,539,639
| -48% | -$235M |
|
204
CALL
JD.com
JD
$44.5B
| $248M | 0.08% |
8,797,500
+1,837,700
| +26% | +$55.5M |
|
205
Microsoft
MSFT
$3.71T
| $245M | 0.08% |
1,761,483
+351,343
| +25% | +$48.3M |
|
206
PUT
Pfizer
PFE
$153B
| $245M | 0.08% |
7,174,894
+3,306,082
| +85% | +$120M |
|
207
CALL
Amgen
AMGN
$222B
| $243M | 0.08% |
1,256,100
-271,100
| -18% | -$52M |
|
208
CALL
Intuitive Surgical
ISRG
$134B
| $241M | 0.08% |
1,340,700
+11,400
| +0.9% | +$1.97M |
|
209
CALL
Medtronic
MDT
$112B
| $241M | 0.08% |
2,221,100
+537,600
| +32% | +$56.1M |
|
210
CALL
Twilio
TWLO
$36.6B
| $238M | 0.08% |
2,165,200
+568,000
| +36% | +$73.7M |
|
211
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $238M | 0.08% |
1,661,160
+1,238,271
| +293% | +$172M |
|
212
Petrobras Class A
PBR.A
$103B
| $235M | 0.08% |
17,901,592
-4,144,882
| -19% | -$55.3M |
|
213
PUT
3M
MMM
$94.3B
| $231M | 0.08% |
1,677,031
-411,185
| -20% | -$57.5M |
|
|
214
CALL
Pfizer
PFE
$153B
| $230M | 0.08% |
6,760,040
-1,380,213
| -17% | -$50.2M |
|
215
PUT
Constellation Brands
STZ
$23.2B
| $230M | 0.08% |
1,108,600
+106,400
| +11% | +$21.4M |
|
216
PUT
RH
RH
$3.71B
| $228M | 0.08% |
1,332,100
+646,900
| +94% | +$92.1M |
|
217
PUT
Starbucks
SBUX
$120B
| $226M | 0.08% |
2,561,200
+1,196,300
| +88% | +$111M |
|
218
CALL
Baidu
BIDU
$37.2B
| $226M | 0.08% |
2,200,600
-236,200
| -10% | -$25.4M |
|
219
CALL
Marathon Petroleum
MPC
$83.7B
| $225M | 0.08% |
3,700,300
+530,200
| +17% | +$27.9M |
|
220
CALL
Lockheed Martin
LMT
$136B
| $223M | 0.07% |
572,300
+164,700
| +40% | +$61.9M |
|
|
221
PUT
Lockheed Martin
LMT
$136B
| $222M | 0.07% |
568,500
+199,800
| +54% | +$75.1M |
|
|
222
CALL
Constellation Brands
STZ
$23.2B
| $221M | 0.07% |
1,065,900
+126,600
| +13% | +$25.4M |
|
223
CALL
Lam Research
LRCX
$390B
| $221M | 0.07% |
9,543,000
+230,000
| +2% | +$4.83M |
|
224
CALL
Blackstone
BX
$110B
| $220M | 0.07% |
4,508,000
+466,300
| +12% | +$22.7M |
|
225
CALL
Gilead Sciences
GILD
$165B
| $219M | 0.07% |
3,458,800
+700,300
| +25% | +$45.8M |
|
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.