Here is all the arms of Susquehanna

Possible DD 👨‍🔬

Hopefully this is the correct flair. I was doing some research into Susquehanna as I wanted to know who they are. Susquehanna has more assets under management than Citadel securities and from some other posts, it sounds like they have similar structures to Citadel. I was looking at a Finra document and was reading through it and saw (starting on page 15) there are "organization affiliates" that have the same beneficial owners to each other. Here is the list of each of the organizations in this list with links to their FINRA and SEC profiles if acceptable. Also, have the ownership information of each business if I could find it. There are a couple of notes on info I came across when going down the rabbit hole. I know this is not much conclusive evidence of what they are doing but I wanted to share as I hope it could be helpful for some of the people connecting the dots back to the whole situation. I hope this makes it easier for people to sift through the regulatory documents and have a place where you can see at least the main arms of Susquehanna.

Susquehanna International Group LLP
- SEC 028-13216
- Susquehanna International Group, LLP is owned by SIG Holding, LLC (Direct Parent Company) and Philadelphia Trading, Inc. (Indirect Parent Company).
- $612,313,603,000 AUM
- Reports 13F for
  - Susquehanna Investment Group
  - Susquehanna Securities, LLC
  - Capital Ventures International
  - Susquehanna Advisors Group, Inc
  - CVI Opportunities Fund I, LLLP
  - G1 Execution Services, LLC
  - Darby Financial Products

Susquehanna Investment Group
- Finra CRD 33875
- SEC 8-37520
- Owners
  - Susquehanna International Group LLP (General Partner) 75%+
  - Bodel, Inc (General Partner) less than 5%
  - Sealholtz Holdings, LLC Linked through Susquehanna International Group, LLP (General Partner) 75%+
  - Mahanoy Holdings, LLC Link through Susquehanna International Group, LLP (General Partner)
  - SIG Holding, LLC Link through Sealholtz Holdings, LLC and Mahanoy Holdings, LLC (Sole Member) 75%+
  - Philadelphia Trading, Inc. link through SIG Holding, LLC (Member) 50% but less than 75%
- Reports to SEC using Susquehanna International Group, LLP

Susquehanna Securities aka Susquehanna Securities, LLC
- Finra CRD: 35874
- SEC 8-47034
- Owners
  - SSUS Holdings, LLC (Member) 75%+
  - Sealholtz Holdings, LLC linked through Susquehanna International Group, LLP (General Partner) 75%+
  - SIG Holding, LLC linked through Sealholtz Holdings, LLC and Mahanoy Holdings, LLC (Sole Member) 75%+
  - Susquehanna International Group, LLP Linked through SSUS Holdings, LLC (Member) 75%+
  - Philadelphia Trading, Inc. linked through SIG Holding, LLC (Member) 50% but less than 75%
  - Mahanoy Holdings, LLC linked through Susquehanna International Group, LLP (General Partner)
- Reports to Susquehanna International Group LLP

Capital Ventures International
- Reports to SEC using Susquehanna International Group, LLP

Susquehanna Advisors Group, Inc
- Reports to SEC using Susquehanna International Group, LLP

G1 Execution Services, LLC
- Finra CRD 111528
- SEC 8-53174
- 2020 Annual Report
- Owner
  - G1X Holdings, LLC (Member) 75%+
  - Sealholtz Holdings, LLC Linked through Susquehanna International Group, LLP (General Partner) 75%+
  - Mahanoy Holdings, LLC Linked through Susquehanna International Group, LLP (General Partner)
  - Susquehanna International Group, LLP linked through G1X Holdings, LLC (Member) 75%+
  - Philadelphia Trading, Inc. linked through SIG Holding, LLC (Member) 50% but less than 75%
- Reports to SEC using Susquehanna International Group, LLP

Darby Financial Products
- Reports to SEC using Susquehanna International Group, LLC

Susquehanna Financial Group, LLLP
- Finra CRD 35865
- SEC 8-44325
- 2020 Annual Report
- $2,696,046,000 AUM
- Owners
  - SFG Holding, LLC (Limited Partner) 75%+
  - SFG Partner, LLC (General Partner) less than 5%
  - Bodel, Inc. linked through SFG Holding, LLC

SIG Brokerage, LP
- Finra CRD 100400
- SEC 8-52028
- 2020 Annual Report
- Owners
  - SIG Specialists Holdings, Inc. (limited partner) 75%+
  - SIG Brokerage, LLC (General Partner) less than 5%

CVI Investments, Inc (Cayman Islands)
- SEC 028-17822
- Most Recent 13F
- 535,614,000 AUM

Heights Capital Management Inc
- Holdings Reported to CVI Holding, LLC (13F 028-18767)
- Heights Capital Partners, LP – Shares address with Owens Capital Management, LLC 271 Madison Ave, Suite 608 NY,NY 10016. Owens Capital Management is owned by Christopher Owens. Looks like Owens Capital Management invested in Heights Capital Partners LP. Not sure if this has any relevance, just something I found.

SAL Equity Trading GP (SAL) is a NASDAQ market maker
- Finra CRD 29337
- SEC 8-43174
- 2020 Annual Report
- Owners
  - SAL Equity Holding, LLC (General Partner and Sole Member) 75%+
  - SAL Equity Partner, LLC(General Partner) less than 5%
  - Salt Holding Corp. linked through SAL Equity Holding, LLC (Sole Member) 75%+

Global Execution Brokers, LP
- Finra CRD 126407
- SEC 8-65878
- 2020 Annual Report
- Owners
  - Susquehanna International Group, LLP (Limited Partner) 75%+
  - Sealholtz Holdings, LLC Linked through Susquehanna International Group, LLP (Sole Member) 75%+
  - Mahanoy Holdings, LLC Linked through Susquehanna International Group, LLP (General Partner)
  - SIG Holding, LLC Linked through Sealholtz Holdings, LLC and Mahanoy Holdings, LLC (Sole Member) 75%+
  - SFG Partner, LLC (General Partner) less than 5%
  - SFG Holdings, LLC Linked through SFG Partner, LLC (Member) 75%+

Susquehanna International Securities Limited
- SEC 028-19265
- Susquehanna Statement about Susquehanna International Securities Limited rough SFG Partner, LLC (Member) 75%+

Susquehanna International Holdings, LLC
- Holds the following companies
  - Susquehanna Pacific PTY LTD
  - Susquehanna Asia Trading PTY LTD aka Susquehanna Asia PTY LTD
  - Susquehanna Hong King Limited
  - Susquehanna International Group Limited
  - Susquehanna Ireland Limited

Susquehanna Fundamental Investments, LLC
- SEC 028-13683
- $5,487,577,000 AUM

Susquehanna Clearing, LLC
Susquehanna Government Products, LLLP
Susquehanna Financial Products
Darby Swap Trading LLC (“DST”)
SAL Trading, LLC
SIG Structured Products, LLLP
SIG Asia Investment LLLP

Edit: thank you for the anonymous award whoever you are.

Posted Apr 9, 2021, 5:08 PM UTC · edited

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