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 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4601
PUT
Cipher Digital
CIFR
$7.41B
| $2.59M | ﹤0.01% |
904,600
+806,700
| +824% | +$1.99M |
|
4602
Andersons Inc
ANDE
$2.24B
| $2.58M | ﹤0.01% |
55,979
-6,581
| -11% | -$275K |
|
|
LADR
4603
Ladder Capital
LADR
$1.27B
| $2.58M | ﹤0.01% |
237,943
+62,984
| +36% | +$610K |
|
4604
Fastly Inc
FSLY
$4.77B
| $2.58M | ﹤0.01% |
163,445
-80,827
| -33% | -$1.24M |
|
4605
PUT
United States Copper Index Fund
CPER
$774M
| $2.58M | ﹤0.01% |
111,000
+2,400
| +2% | +$56.7K |
|
4606
CALL
Pacira BioSciences
PCRX
$917M
| $2.57M | ﹤0.01% |
64,200
+2,900
| +5% | +$120K |
|
4607
PUT
Advanced Drainage Systems
WMS
$11.4B
| $2.57M | ﹤0.01% |
22,600
-3,400
| -13% | -$321K |
|
4608
WisdomTree Japan Hedged Equity Fund
DXJ
$7.53B
| $2.57M | ﹤0.01% |
30,834
-15,687
| -34% | -$1.19M |
|
4609
PUT
Microvision
MVIS
$53M
| $2.57M | ﹤0.01% |
37,360
+23,560
| +171% | +$1.24M |
|
4610
Par Pacific Holdings
PARR
$4.02B
| $2.56M | ﹤0.01% |
96,320
-17,098
| -15% | -$404K |
|
4611
PUT
iShares Core S&P Mid-Cap ETF
IJH
$129B
| $2.56M | ﹤0.01% |
49,000
-59,000
| -55% | -$2.93M |
|
4612
Iovance Biotherapeutics
IOVA
$3.16B
| $2.56M | ﹤0.01% |
363,983
-245,192
| -40% | -$1.75M |
|
|
EXAS
4613
DELISTED
Exact Sciences
EXAS
| $2.56M | ﹤0.01% |
27,276
-40,520
| -60% | -$3.16M |
|
4614
FIVE9
FIVN
$2.47B
| $2.56M | ﹤0.01% |
31,057
-108,579
| -78% | -$7.29M |
|
4615
PUT
Xylem
XYL
$27.9B
| $2.56M | ﹤0.01% |
22,700
-11,400
| -33% | -$1.21M |
|
4616
CALL
A.O. Smith
AOS
$8.45B
| $2.55M | ﹤0.01% |
35,100
-19,300
| -35% | -$1.32M |
|
4617
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$794M
| $2.55M | ﹤0.01% |
85,710
+78,360
| +1,066% | +$2.3M |
|
4618
CALL
Qiagen
QGEN
$8.87B
| $2.55M | ﹤0.01% |
53,471
-137,498
| -72% | -$6.63M |
|
|
FORG
4619
CALL
DELISTED
ForgeRock, Inc.
FORG
| $2.55M | ﹤0.01% |
124,300
+44,100
| +55% | +$883K |
|
4620
CALL
DTE Energy
DTE
$29.3B
| $2.55M | ﹤0.01% |
23,200
+15,900
| +218% | +$1.77M |
|
4621
Mueller Industries
MLI
$14.6B
| $2.55M | ﹤0.01% |
116,960
+2,948
| +3% | +$56K |
|
|
VGR
4622
DELISTED
Vector Group Ltd.
VGR
| $2.55M | ﹤0.01% |
199,172
-37,030
| -16% | -$457K |
|
|
SEE
4623
DELISTED
Sealed Air
SEE
| $2.55M | ﹤0.01% |
63,784
-65,174
| -51% | -$2.77M |
|
4624
Vertiv
VRT
$113B
| $2.55M | ﹤0.01% |
102,924
-191,663
| -65% | -$3.29M |
|
4625
CALL
Bankunited
BKU
$3.44B
| $2.55M | ﹤0.01% |
118,300
+48,700
| +70% | +$1M |
|
Similar funds
Susquehanna International Group's Q2 2023 Portfolio in Review
As of Q2 2023, Susquehanna International Group held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group withdrew a net $23.6B in Q2 2023, closing 1,867 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Susquehanna International Group's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Susquehanna International Group added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Susquehanna International Group's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Susquehanna International Group fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Susquehanna International Group's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Susquehanna International Group opened 1,370 new positions and closed 1,867 in Q2 2023.
- Susquehanna International Group's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.