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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LAC
1926
PUT
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $15.7M | ﹤0.01% |
720,500
+29,100
| +4% | +$643K |
|
|
NIMC
1927
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $15.7M | ﹤0.01% |
150,000
| – | – |
|
1928
PUT
McCormick & Company Non-Voting
MKC
$14.7B
| $15.6M | ﹤0.01% |
188,000
+101,100
| +116% | +$7.71M |
|
1929
Kinross Gold
KGC
$32.4B
| $15.6M | ﹤0.01% |
3,312,129
-629,080
| -16% | -$2.67M |
|
1930
PG&E
PCG
$39B
| $15.6M | ﹤0.01% |
964,375
+361,537
| +60% | +$5.71M |
|
|
GAP
1931
The Gap Inc
GAP
$7.42B
| $15.6M | ﹤0.01% |
1,551,798
+1,469,520
| +1,786% | +$17.9M |
|
1932
CALL
Rockwell Automation
ROK
$49.8B
| $15.6M | ﹤0.01% |
53,000
-13,700
| -21% | -$3.9M |
|
1933
iShares MSCI ACWI ETF
ACWI
$33.5B
| $15.6M | ﹤0.01% |
+170,601
| New | +$15.2M |
|
1934
CALL
Carvana
CVNA
$82.7B
| $15.5M | ﹤0.01% |
7,939,500
-12,386,000
| -61% | -$21.5M |
|
1935
OneMain Financial
OMF
$7.53B
| $15.5M | ﹤0.01% |
419,185
+86,162
| +26% | +$3.46M |
|
|
FLNA
1936
CALL
Filana Therapeutics
FLNA
$44.1M
| $15.5M | ﹤0.01% |
643,800
-280,500
| -30% | -$7.77M |
|
1937
CALL
Melco Resorts & Entertainment
MLCO
$2.18B
| $15.5M | ﹤0.01% |
1,219,300
-468,000
| -28% | -$6.02M |
|
1938
Scorpio Tankers
STNG
$3.99B
| $15.5M | ﹤0.01% |
275,573
-33,157
| -11% | -$1.81M |
|
1939
PUT
Vistra
VST
$50.1B
| $15.5M | ﹤0.01% |
645,900
+394,800
| +157% | +$9.15M |
|
1940
PUT
Ares Capital
ARCC
$14.3B
| $15.5M | ﹤0.01% |
847,800
+159,500
| +23% | +$3.02M |
|
1941
CALL
Olin
OLN
$2.16B
| $15.5M | ﹤0.01% |
279,100
+23,700
| +9% | +$1.36M |
|
1942
PUT
Axos Financial
AX
$5.79B
| $15.5M | ﹤0.01% |
419,500
+129,600
| +45% | +$5.59M |
|
1943
NVR
NVR
$16.8B
| $15.5M | ﹤0.01% |
2,779
+1,596
| +135% | +$8.24M |
|
1944
CALL
Canadian Solar
CSIQ
$1.03B
| $15.4M | ﹤0.01% |
387,800
-456,700
| -54% | -$18.1M |
|
1945
PUT
Interactive Brokers
IBKR
$41.7B
| $15.4M | ﹤0.01% |
747,600
+228,400
| +44% | +$4.65M |
|
1946
Invitation Homes
INVH
$18.1B
| $15.4M | ﹤0.01% |
494,061
+272,704
| +123% | +$8.55M |
|
1947
PUT
State Street
STT
$52.4B
| $15.4M | ﹤0.01% |
203,500
-10,500
| -5% | -$884K |
|
1948
Equifax
EFX
$21.4B
| $15.4M | ﹤0.01% |
75,924
+9,729
| +15% | +$2.03M |
|
1949
PUT
Coupang
CPNG
$29B
| $15.4M | ﹤0.01% |
961,500
-1,223,700
| -56% | -$19M |
|
1950
iShares MSCI United Kingdom ETF
EWU
$4.13B
| $15.4M | ﹤0.01% |
476,483
-950,598
| -67% | -$30.5M |
|
Similar funds
Susquehanna International Group's Q1 2023 Portfolio in Review
As of Q1 2023, Susquehanna International Group held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Susquehanna International Group's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Susquehanna International Group's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Susquehanna International Group fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Susquehanna International Group's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Susquehanna International Group opened 2,075 new positions and closed 1,857 in Q1 2023.
- Susquehanna International Group's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.