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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.39B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$565M |
| 3 |
Citigroup
C
|
+$429M |
| 4 |
United States Oil Fund
USO
|
+$386M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$378M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$946M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$771M |
| 3 |
Alibaba
BABA
|
+$626M |
| 4 |
Tesla
TSLA
|
+$505M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$421M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.98% |
| 2 | Communication Services | 1.33% |
| 3 | Financials | 0.98% |
| 4 | Consumer Discretionary | 0.93% |
| 5 | Healthcare | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $18.2B | 5.8% |
69,687,600
+17,165,900
| +33% | +$5.24B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $12.9B | 4.1% |
49,275,800
+16,566,600
| +51% | +$5.05B |
|
|
3
PUT
Amazon
AMZN
$2.45T
| $11.1B | 3.55% |
113,540,000
-21,356,000
| -16% | -$2.07B |
|
|
4
CALL
Amazon
AMZN
$2.45T
| $10.9B | 3.48% |
111,258,000
-28,468,000
| -20% | -$2.76B |
|
|
5
PUT
Tesla
TSLA
$1.19T
| $9.5B | 3.02% |
271,923,000
-19,569,000
| -7% | -$811M |
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $7.79B | 2.48% |
30,207,570
+20,960,188
| +227% | +$6.39B |
|
7
PUT
Apple
AAPL
$5.01T
| $6.19B | 1.97% |
97,381,600
-23,705,200
| -20% | -$1.74B |
|
|
8
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| $6.04B | 1.92% |
52,794,500
+37,953,800
| +256% | +$5.66B |
|
9
PUT
Invesco QQQ Trust
QQQ
$437B
| $6.01B | 1.91% |
31,584,100
+12,935,900
| +69% | +$2.74B |
|
|
10
CALL
Tesla
TSLA
$1.19T
| $5.87B | 1.87% |
167,953,500
+20,059,500
| +14% | +$832M |
|
|
11
CALL
Apple
AAPL
$5.01T
| $4.72B | 1.5% |
74,243,600
-28,294,000
| -28% | -$2.08B |
|
|
12
CALL
Invesco QQQ Trust
QQQ
$437B
| $3.53B | 1.12% |
18,527,200
-1,425,600
| -7% | -$302M |
|
|
13
PUT
Alphabet (Google) Class A
GOOGL
$4.09T
| $2.91B | 0.92% |
50,012,000
+3,248,000
| +7% | +$220M |
|
14
PUT
Microsoft
MSFT
$2.93T
| $2.87B | 0.91% |
17,906,700
+4,350,500
| +32% | +$715M |
|
|
15
CALL
Microsoft
MSFT
$2.93T
| $2.74B | 0.87% |
17,122,900
+3,638,400
| +27% | +$598M |
|
16
PUT
NVIDIA
NVDA
$4.63T
| $2.39B | 0.76% |
363,256,000
+16,268,000
| +5% | +$103M |
|
17
PUT
Booking.com
BKNG
$156B
| $2.24B | 0.71% |
41,637,500
+1,552,500
| +4% | +$109M |
|
|
18
CALL
Alibaba
BABA
$275B
| $2.18B | 0.69% |
11,225,200
+1,561,700
| +16% | +$326M |
|
|
19
CALL
Alphabet (Google) Class A
GOOGL
$4.09T
| $2.1B | 0.67% |
36,066,000
+3,504,000
| +11% | +$237M |
|
|
20
PUT
Alibaba
BABA
$275B
| $1.98B | 0.63% |
10,180,500
-1,146,100
| -10% | -$239M |
|
21
PUT
Walt Disney
DIS
$171B
| $1.92B | 0.61% |
19,828,000
+9,493,000
| +92% | +$1.2B |
|
22
PUT
Netflix
NFLX
$303B
| $1.88B | 0.6% |
50,072,000
-25,953,000
| -34% | -$918M |
|
|
23
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.9B
| $1.87B | 0.59% |
11,311,600
+4,618,300
| +69% | +$688M |
|
24
PUT
Meta Platforms (Facebook)
META
$1.49T
| $1.76B | 0.56% |
10,555,600
+2,235,100
| +27% | +$438M |
|
25
PUT
Boeing
BA
$167B
| $1.68B | 0.54% |
11,059,200
+1,016,100
| +10% | +$278M |
|
Similar funds
Susquehanna International Group's Q1 2020 Portfolio in Review
As of Q1 2020, Susquehanna International Group held 11,456 positions worth $314B, down 9.5% from $347B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group deployed $31.5B of net new capital in Q1 2020, opening 1,843 new positions and adding to 4,539 existing holdings. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, down from 2.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Amazon, an estimated $946M trimmed.
- Susquehanna International Group's largest Q1 2020 buy was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.39B increase.
- Susquehanna International Group's biggest Q1 2020 reduction was Amazon, cutting an estimated $946M.
- Susquehanna International Group fully exited Medicines Co in Q1 2020, selling an estimated $92M.
- Susquehanna International Group's ten largest holdings make up 30% of its $314B portfolio in Q1 2020.
- Susquehanna International Group opened 1,843 new positions and closed 1,300 in Q1 2020.
- Susquehanna International Group's portfolio value fell 9.5% quarter-over-quarter to $314B.
Based on Susquehanna International Group's 13F filing for Q1 2020, filed 15 May 2020.