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 | |
|---|---|---|---|---|---|---|
2026
CALL
Sociedad Química y Minera de Chile
SQM
$21.2B
| $15.6M | ﹤0.01% |
260,700
-315,100
| -55% | -$21.3M |
|
2027
PUT
Host Hotels & Resorts
HST
$15.7B
| $15.5M | ﹤0.01% |
966,100
+37,400
| +4% | +$623K |
|
2028
PUT
Cardinal Health
CAH
$54.1B
| $15.5M | ﹤0.01% |
178,700
-192,200
| -52% | -$17.4M |
|
2029
PUT
Celanese
CE
$4.99B
| $15.5M | ﹤0.01% |
123,500
+10,700
| +9% | +$1.32M |
|
|
IMGN
2030
DELISTED
Immunogen Inc
IMGN
| $15.5M | ﹤0.01% |
974,887
-340,771
| -26% | -$5.67M |
|
2031
CALL
Matador Resources
MTDR
$6.56B
| $15.4M | ﹤0.01% |
259,300
-197,800
| -43% | -$11.5M |
|
2032
Exelixis
EXEL
$12.6B
| $15.4M | ﹤0.01% |
705,198
-88,787
| -11% | -$1.86M |
|
2033
CALL
Bath & Body Works
BBWI
$3.88B
| $15.4M | ﹤0.01% |
455,700
-429,600
| -49% | -$15.6M |
|
|
DISH
2034
CALL
DELISTED
DISH Network Corp.
DISH
| $15.4M | ﹤0.01% |
2,628,400
-391,200
| -13% | -$2.67M |
|
2035
Idexx Laboratories
IDXX
$43.3B
| $15.4M | ﹤0.01% |
35,188
+8,092
| +30% | +$4.04M |
|
2036
Markel Group
MKL
$22.8B
| $15.4M | ﹤0.01% |
10,447
+2,464
| +31% | +$3.61M |
|
2037
PUT
Lumentum
LITE
$81B
| $15.3M | ﹤0.01% |
339,600
-31,100
| -8% | -$1.58M |
|
2038
CALL
Canadian Solar
CSIQ
$1.02B
| $15.3M | ﹤0.01% |
623,300
-131,300
| -17% | -$4.15M |
|
|
WIRE
2039
PUT
DELISTED
Encore Wire Corp
WIRE
| $15.3M | ﹤0.01% |
84,000
-22,300
| -21% | -$3.78M |
|
2040
PUT
Aflac
AFL
$60.9B
| $15.3M | ﹤0.01% |
199,600
+43,700
| +28% | +$3.24M |
|
|
SAVE
2041
PUT
DELISTED
Spirit Airlines, Inc.
SAVE
| $15.3M | ﹤0.01% |
927,400
+217,900
| +31% | +$3.71M |
|
2042
Kimberly-Clark
KMB
$36.8B
| $15.3M | ﹤0.01% |
126,554
+1,096
| +0.9% | +$142K |
|
2043
PUT
F5
FFIV
$23.2B
| $15.3M | ﹤0.01% |
94,900
-6,400
| -6% | -$1M |
|
2044
CALL
Jacobs Solutions
J
$16.9B
| $15.3M | ﹤0.01% |
135,163
+92,003
| +213% | +$9.91M |
|
|
AKRO
2045
CALL
DELISTED
Akero Therapeutics
AKRO
| $15.3M | ﹤0.01% |
301,700
+151,900
| +101% | +$7.07M |
|
2046
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $15.2M | ﹤0.01% |
99,100
+7,600
| +8% | +$1.23M |
|
2047
PUT
Madrigal Pharmaceuticals
MDGL
$11.7B
| $15.2M | ﹤0.01% |
104,300
-62,400
| -37% | -$11.7M |
|
2048
PUT
OneMain Financial
OMF
$7.54B
| $15.2M | ﹤0.01% |
379,900
-3,800
| -1% | -$162K |
|
2049
Arch Capital
ACGL
$33.7B
| $15.2M | ﹤0.01% |
190,932
+4,837
| +3% | +$376K |
|
2050
PUT
Immunovant
IMVT
$8.59B
| $15.2M | ﹤0.01% |
396,100
+314,800
| +387% | +$7.12M |
|
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.