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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
iShares China Large-Cap ETF
FXI
$4.16B
| $74.8M | 0.02% |
2,820,047
+206,996
| +8% | +$5.71M |
|
|
CNR
777
CALL
Core Natural Resources Inc
CNR
$4.64B
| $74.7M | 0.02% |
712,500
-19,900
| -3% | -$1.63M |
|
778
CALL
Akamai
AKAM
$18B
| $74.7M | 0.02% |
701,000
+18,700
| +3% | +$1.86M |
|
779
PUT
MGM Resorts International
MGM
$11.1B
| $74.7M | 0.02% |
2,031,400
+1,042,900
| +106% | +$46.1M |
|
780
PUT
Boston Beer
SAM
$1.9B
| $74.4M | 0.02% |
190,900
+29,200
| +18% | +$10.2M |
|
781
Energy Transfer Partners
ET
$71.5B
| $73.8M | 0.02% |
5,261,063
-549,934
| -9% | -$7.29M |
|
782
PUT
Colgate-Palmolive
CL
$74.1B
| $73.7M | 0.02% |
1,037,100
+458,900
| +79% | +$34.3M |
|
783
PUT
AB InBev
BUD
$158B
| $73.7M | 0.02% |
1,332,500
-899,400
| -40% | -$51M |
|
784
CALL
PBF Energy
PBF
$8.81B
| $73.5M | 0.02% |
1,373,800
+228,200
| +20% | +$10.9M |
|
785
PUT
Upstart Holdings
UPST
$3.01B
| $73M | 0.02% |
2,558,300
+154,500
| +6% | +$6.21M |
|
786
PUT
Simon Property Group
SPG
$71.7B
| $73M | 0.02% |
675,700
+136,600
| +25% | +$16M |
|
787
CALL
argenx
ARGX
$53.6B
| $72.9M | 0.02% |
148,200
+9,100
| +7% | +$4.45M |
|
788
Dollar General
DG
$26.9B
| $72.7M | 0.02% |
687,281
+282,571
| +70% | +$42.1M |
|
789
CALL
Zillow
Z
$8.08B
| $72.7M | 0.02% |
1,574,000
-221,800
| -12% | -$11.4M |
|
790
CALL
Caesars Entertainment
CZR
$6.04B
| $72.4M | 0.02% |
1,562,800
+427,900
| +38% | +$22.7M |
|
791
CALL
Cadence Design Systems
CDNS
$89.2B
| $72.3M | 0.02% |
308,600
-118,700
| -28% | -$27.8M |
|
792
CALL
Mondelez International
MDLZ
$81.1B
| $72M | 0.02% |
1,037,300
+172,300
| +20% | +$12.4M |
|
793
PUT
CF Industries
CF
$17.7B
| $72M | 0.02% |
839,500
+24,100
| +3% | +$1.9M |
|
794
CALL
Western Digital
WDC
$168B
| $71.9M | 0.02% |
2,083,857
-131,374
| -6% | -$4.14M |
|
795
Chubb
CB
$133B
| $71.8M | 0.01% |
344,895
+194,581
| +129% | +$39.3M |
|
796
United Parcel Service
UPS
$89.8B
| $71.7M | 0.01% |
460,132
+54,308
| +13% | +$9.37M |
|
|
DFS
797
CALL
DELISTED
Discover Financial Services
DFS
| $71M | 0.01% |
820,100
+363,400
| +80% | +$36.1M |
|
798
CALL
The Mosaic Company
MOS
$6.92B
| $71M | 0.01% |
1,994,700
+299,700
| +18% | +$11.5M |
|
799
PUT
Dell
DELL
$320B
| $70.6M | 0.01% |
1,025,000
+729,400
| +247% | +$43.5M |
|
800
Sea Limited
SE
$75.5B
| $70.5M | 0.01% |
1,605,027
+1,157,136
| +258% | +$56.6M |
|
Similar funds
Susquehanna International Group's Q3 2023 Portfolio in Review
As of Q3 2023, Susquehanna International Group held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Susquehanna International Group's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Susquehanna International Group's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Susquehanna International Group's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Susquehanna International Group fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Susquehanna International Group's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Susquehanna International Group opened 1,585 new positions and closed 1,614 in Q3 2023.
- Susquehanna International Group's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.