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 | |
|---|---|---|---|---|---|---|
1926
CALL
Cracker Barrel
CBRL
$1.28B
| $16.8M | ﹤0.01% |
250,400
+188,100
| +302% | +$15.8M |
|
1927
CALL
Waters Corp
WAT
$40.5B
| $16.8M | ﹤0.01% |
61,300
+54,100
| +751% | +$15M |
|
1928
PUT
Shift4
FOUR
$3.61B
| $16.8M | ﹤0.01% |
303,400
+197,800
| +187% | +$12.1M |
|
1929
CALL
Aehr Test Systems
AEHR
$4.39B
| $16.8M | ﹤0.01% |
367,500
-109,700
| -23% | -$5.09M |
|
1930
PUT
ArcelorMittal
MT
$55.6B
| $16.8M | ﹤0.01% |
670,700
+459,800
| +218% | +$12.2M |
|
1931
CALL
Vanguard Morningstar Small-Cap ETF
VB
$83.5B
| $16.8M | ﹤0.01% |
88,600
+23,200
| +35% | +$4.62M |
|
1932
PPG Industries
PPG
$25.4B
| $16.7M | ﹤0.01% |
129,038
+32,831
| +34% | +$4.61M |
|
1933
Dollar Tree
DLTR
$25B
| $16.7M | ﹤0.01% |
157,279
-198,100
| -56% | -$26.5M |
|
1934
CALL
Aramark
ARMK
$16.3B
| $16.7M | ﹤0.01% |
667,986
+31,163
| +5% | +$873K |
|
1935
CALL
Bausch Health
BHC
$2.43B
| $16.7M | ﹤0.01% |
2,032,200
+1,559,600
| +330% | +$13.4M |
|
1936
PUT
Enovix
ENVX
$964M
| $16.7M | ﹤0.01% |
1,518,286
-2,285,257
| -60% | -$32.7M |
|
1937
CALL
Boston Properties
BXP
$10.9B
| $16.7M | ﹤0.01% |
280,300
-76,700
| -21% | -$4.91M |
|
1938
Carrier Global
CARR
$51.9B
| $16.7M | ﹤0.01% |
301,896
+71,403
| +31% | +$3.93M |
|
|
GRMN
1939
Garmin
GRMN
$60.1B
| $16.6M | ﹤0.01% |
158,210
+1,581
| +1% | +$166K |
|
1940
CALL
iShares MSCI Canada ETF
EWC
$6.55B
| $16.6M | ﹤0.01% |
497,300
+64,300
| +15% | +$2.23M |
|
1941
Vanguard Real Estate ETF
VNQ
$39.2B
| $16.6M | ﹤0.01% |
219,588
-220,960
| -50% | -$18.2M |
|
1942
PUT
Scotiabank
BNS
$111B
| $16.6M | ﹤0.01% |
364,200
+217,800
| +149% | +$10.4M |
|
1943
PUT
AerCap
AER
$23.8B
| $16.6M | ﹤0.01% |
264,800
+28,700
| +12% | +$1.81M |
|
1944
Expeditors International
EXPD
$24.3B
| $16.6M | ﹤0.01% |
144,745
+66,466
| +85% | +$7.9M |
|
1945
CALL
Vodafone
VOD
$38B
| $16.6M | ﹤0.01% |
1,747,000
-234,500
| -12% | -$2.22M |
|
1946
PUT
DaVita
DVA
$11.6B
| $16.5M | ﹤0.01% |
175,000
+12,900
| +8% | +$1.32M |
|
1947
CALL
BCE
BCE
$21.9B
| $16.5M | ﹤0.01% |
432,900
+226,900
| +110% | +$9.53M |
|
1948
CALL
RingCentral
RNG
$5.38B
| $16.5M | ﹤0.01% |
557,500
+323,000
| +138% | +$10.7M |
|
1949
Prudential Financial
PRU
$43.1B
| $16.5M | ﹤0.01% |
174,028
-30,341
| -15% | -$2.87M |
|
1950
RB Global
RBA
$15.8B
| $16.5M | ﹤0.01% |
263,733
+48,533
| +23% | +$2.99M |
|
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.