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 | |
|---|---|---|---|---|---|---|
|
TBCH
2401
PUT
Turtle Beach Corp
TBCH
$230M
| $5.11M | ﹤0.01% |
450,000
+105,800
| +31% | +$1.59M |
|
2402
PUT
Fox Class A
FOXA
$27.5B
| $5.11M | ﹤0.01% |
+139,200
| New | +$5.42M |
|
2403
CALL
Sinclair Inc
SBGI
$1.03B
| $5.11M | ﹤0.01% |
132,800
-267,000
| -67% | -$8.94M |
|
2404
CALL
Boyd Gaming
BYD
$6.05B
| $5.11M | ﹤0.01% |
186,700
-168,600
| -47% | -$4.6M |
|
2405
CALL
Fair Isaac
FICO
$24B
| $5.11M | ﹤0.01% |
18,800
+15,800
| +527% | +$3.71M |
|
|
CIT
2406
PUT
DELISTED
CIT Group Inc.
CIT
| $5.1M | ﹤0.01% |
106,400
-28,200
| -21% | -$1.33M |
|
2407
Vanguard FTSE Europe ETF
VGK
$31.1B
| $5.08M | ﹤0.01% |
94,854
+62,625
| +194% | +$3.27M |
|
2408
IPG Photonics
IPGP
$3.57B
| $5.08M | ﹤0.01% |
+33,490
| New | +$4.74M |
|
2409
CALL
Upbound Group
UPBD
$1.15B
| $5.08M | ﹤0.01% |
243,500
+35,800
| +17% | +$660K |
|
|
CVGW
2410
CALL
DELISTED
Calavo Growers
CVGW
| $5.08M | ﹤0.01% |
60,600
+16,000
| +36% | +$1.3M |
|
|
MDR
2411
PUT
DELISTED
McDermott International
MDR
| $5.08M | ﹤0.01% |
682,500
+318,400
| +87% | +$2.62M |
|
2412
PUT
Texas Capital Bancshares
TCBI
$4.38B
| $5.08M | ﹤0.01% |
93,000
+26,000
| +39% | +$1.51M |
|
|
NLSN
2413
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $5.08M | ﹤0.01% |
214,500
-701,600
| -77% | -$18.2M |
|
2414
PUT
Southern Copper
SCCO
$158B
| $5.08M | ﹤0.01% |
139,623
+9,170
| +7% | +$289K |
|
|
OAK
2415
PUT
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $5.07M | ﹤0.01% |
102,200
-22,800
| -18% | -$990K |
|
|
WPX
2416
CALL
DELISTED
WPX Energy, Inc.
WPX
| $5.07M | ﹤0.01% |
386,800
+44,000
| +13% | +$552K |
|
2417
CALL
Shutterstock
SSTK
$217M
| $5.07M | ﹤0.01% |
108,700
+38,300
| +54% | +$1.62M |
|
2418
PUT
Protolabs
PRLB
$2.21B
| $5.07M | ﹤0.01% |
48,200
+26,200
| +119% | +$2.94M |
|
|
ROCC
2419
CALL
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $5.06M | ﹤0.01% |
114,800
+3,400
| +3% | +$182K |
|
2420
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$6.16B
| $5.06M | ﹤0.01% |
180,422
+172,548
| +2,191% | +$4.72M |
|
|
CY
2421
DELISTED
Cypress Semiconductor
CY
| $5.06M | ﹤0.01% |
339,112
-516,523
| -60% | -$7.49M |
|
2422
CALL
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ASHS
$34.7M
| $5.06M | ﹤0.01% |
167,700
+156,000
| +1,333% | +$4.06M |
|
2423
PUT
Copa Holdings
CPA
$6.17B
| $5.05M | ﹤0.01% |
62,600
+41,200
| +193% | +$3.62M |
|
2424
CALL
EPAM Systems
EPAM
$5.24B
| $5.04M | ﹤0.01% |
29,800
+8,900
| +43% | +$1.33M |
|
|
HA
2425
CALL
DELISTED
Hawaiian Holdings, Inc.
HA
| $5.04M | ﹤0.01% |
191,800
+92,800
| +94% | +$2.69M |
|
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.