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 | |
|---|---|---|---|---|---|---|
|
GTLS
2001
PUT
DELISTED
Chart Industries
GTLS
| $16.4M | ﹤0.01% |
120,600
+68,400
| +131% | +$9.24M |
|
2002
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.38B
| $16.4M | ﹤0.01% |
332,955
+229,546
| +222% | +$11.1M |
|
2003
Vanguard Morningstar Value ETF
VTV
$194B
| $16.4M | ﹤0.01% |
+109,542
| New | +$15.4M |
|
|
FLG
2004
PUT
Flagstar Bank National Association
FLG
$5.91B
| $16.4M | ﹤0.01% |
532,933
+98,266
| +23% | +$2.95M |
|
2005
CALL
Public Storage
PSA
$60.9B
| $16.3M | ﹤0.01% |
53,600
-41,400
| -44% | -$11M |
|
2006
CALL
Dynatrace
DT
$14.4B
| $16.3M | ﹤0.01% |
298,600
-260,500
| -47% | -$13.2M |
|
2007
Edwards Lifesciences
EW
$53B
| $16.3M | ﹤0.01% |
214,046
-71,839
| -25% | -$5M |
|
2008
PUT
Bilibili
BILI
$7.25B
| $16.3M | ﹤0.01% |
1,340,500
+51,600
| +4% | +$673K |
|
2009
CALL
Innovative Industrial Properties
IIPR
$1.63B
| $16.3M | ﹤0.01% |
161,700
+14,000
| +9% | +$1.15M |
|
|
AXON
2010
Axon Enterprise
AXON
$50.1B
| $16.3M | ﹤0.01% |
63,062
+34,342
| +120% | +$7.74M |
|
2011
PUT
Plug Power
PLUG
$3.21B
| $16.3M | ﹤0.01% |
3,615,200
-290,800
| -7% | -$1.53M |
|
2012
PUT
Vertiv
VRT
$113B
| $16.3M | ﹤0.01% |
338,600
-137,600
| -29% | -$5.86M |
|
2013
CALL
Cal-Maine
CALM
$3.81B
| $16.2M | ﹤0.01% |
283,100
+37,100
| +15% | +$1.83M |
|
2014
Vistra
VST
$49.9B
| $16.2M | ﹤0.01% |
+421,621
| New | +$14.7M |
|
2015
CALL
Texas Roadhouse
TXRH
$13.6B
| $16.2M | ﹤0.01% |
132,800
-54,500
| -29% | -$5.82M |
|
2016
PUT
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$87.6M
| $16.2M | ﹤0.01% |
157,500
+23,600
| +18% | +$2.03M |
|
|
HCP
2017
CALL
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $16.2M | ﹤0.01% |
684,100
+220,800
| +48% | +$4.78M |
|
|
MASI
2018
PUT
DELISTED
Masimo
MASI
| $16.1M | ﹤0.01% |
137,600
+35,600
| +35% | +$3.32M |
|
2019
CALL
Krystal Biotech
KRYS
$9.76B
| $16.1M | ﹤0.01% |
130,000
+58,200
| +81% | +$6.45M |
|
2020
PUT
Rockwell Automation
ROK
$49.8B
| $16.1M | ﹤0.01% |
51,900
-43,900
| -46% | -$12.3M |
|
|
GRMN
2021
CALL
Garmin
GRMN
$60B
| $16.1M | ﹤0.01% |
125,200
+64,300
| +106% | +$7.46M |
|
2022
Crown Castle
CCI
$32.3B
| $16.1M | ﹤0.01% |
139,641
-66,684
| -32% | -$6.83M |
|
2023
PUT
WD-40
WDFC
$3.08B
| $16.1M | ﹤0.01% |
67,200
+13,800
| +26% | +$3.08M |
|
2024
PUT
Blackstone Mortgage Trust
BXMT
$2.42B
| $16.1M | ﹤0.01% |
755,000
+220,000
| +41% | +$4.74M |
|
2025
Ardelyx
ARDX
$1.04B
| $16.1M | ﹤0.01% |
2,589,482
+258,532
| +11% | +$1.16M |
|
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.