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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
PUT
FMC
FMC
$1.29B
| $17.3M | ﹤0.01% |
275,100
+60,800
| +28% | +$3.53M |
|
|
SMAR
1952
CALL
DELISTED
Smartsheet Inc.
SMAR
| $17.3M | ﹤0.01% |
362,700
-1,800
| -0.5% | -$76.7K |
|
1953
CALL
Procore
PCOR
$9.07B
| $17.3M | ﹤0.01% |
250,500
+115,500
| +86% | +$7.12M |
|
1954
CALL
Axos Financial
AX
$5.79B
| $17.3M | ﹤0.01% |
316,600
+162,300
| +105% | +$6.77M |
|
1955
PUT
Fastenal
FAST
$58.5B
| $17.3M | ﹤0.01% |
533,400
+44,800
| +9% | +$1.35M |
|
1956
British American Tobacco
BTI
$123B
| $17.2M | ﹤0.01% |
587,556
+204,691
| +53% | +$6.23M |
|
1957
CALL
JetBlue
JBLU
$2.12B
| $17.2M | ﹤0.01% |
3,098,800
+2,329,500
| +303% | +$10.9M |
|
1958
PUT
XPO
XPO
$24.8B
| $17.2M | ﹤0.01% |
195,800
+106,100
| +118% | +$8.65M |
|
1959
Nu Holdings
NU
$72.9B
| $17.1M | ﹤0.01% |
2,056,113
+1,209,212
| +143% | +$9.77M |
|
1960
CALL
iShares MBS ETF
MBB
$39B
| $17.1M | ﹤0.01% |
181,800
-28,700
| -14% | -$2.57M |
|
1961
PUT
Coherent
COHR
$63.6B
| $17.1M | ﹤0.01% |
392,400
-167,800
| -30% | -$6.05M |
|
1962
PUT
Axcelis
ACLS
$4.29B
| $17M | ﹤0.01% |
131,400
+41,200
| +46% | +$5.68M |
|
1963
Ulta Beauty
ULTA
$21.9B
| $17M | ﹤0.01% |
34,734
-34,281
| -50% | -$14.5M |
|
1964
Texas Pacific Land
TPL
$24.7B
| $17M | ﹤0.01% |
97,380
+77,427
| +388% | +$14.7M |
|
1965
PUT
Kinder Morgan
KMI
$73B
| $17M | ﹤0.01% |
962,900
-297,800
| -24% | -$5.08M |
|
1966
CALL
Opendoor
OPEN
$3.56B
| $17M | ﹤0.01% |
3,914,990
+1,415,563
| +57% | +$3.95M |
|
1967
CALL
Sempra
SRE
$56.9B
| $17M | ﹤0.01% |
227,000
-92,900
| -29% | -$6.64M |
|
1968
PUT
Canadian Pacific Kansas City
CP
$82.7B
| $16.9M | ﹤0.01% |
214,000
-17,900
| -8% | -$1.31M |
|
1969
CALL
Shift4
FOUR
$3.61B
| $16.9M | ﹤0.01% |
227,200
-153,600
| -40% | -$9.16M |
|
1970
CALL
Kinsale Capital Group
KNSL
$8.65B
| $16.9M | ﹤0.01% |
50,400
+8,400
| +20% | +$3.12M |
|
|
SPR
1971
PUT
DELISTED
Spirit AeroSystems
SPR
| $16.9M | ﹤0.01% |
530,800
-21,700
| -4% | -$532K |
|
1972
Fortive
FTV
$18.6B
| $16.9M | ﹤0.01% |
303,904
-125,964
| -29% | -$6.64M |
|
1973
PUT
Dynatrace
DT
$14.4B
| $16.9M | ﹤0.01% |
308,200
-29,400
| -9% | -$1.49M |
|
1974
Expeditors International
EXPD
$24.3B
| $16.9M | ﹤0.01% |
132,474
-12,271
| -8% | -$1.45M |
|
1975
PUT
Boston Properties
BXP
$10.9B
| $16.8M | ﹤0.01% |
240,100
-132,300
| -36% | -$7.81M |
|
Similar funds
Susquehanna International Group's Q4 2023 Portfolio in Review
As of Q4 2023, Susquehanna International Group held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Susquehanna International Group's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Susquehanna International Group added most to Alibaba in Q4 2023, an estimated $422M increase.
- Susquehanna International Group's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Susquehanna International Group fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Susquehanna International Group's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Susquehanna International Group opened 1,903 new positions and closed 1,577 in Q4 2023.
- Susquehanna International Group's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.