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 | |
|---|---|---|---|---|---|---|
2026
PUT
Citizens Financial Group
CFG
$31.4B
| $16M | ﹤0.01% |
484,200
+151,700
| +46% | +$4.18M |
|
2027
ECARX Holdings
ECX
$417M
| $16M | ﹤0.01% |
5,069,836
| – | – |
|
2028
CALL
Invitation Homes
INVH
$18B
| $16M | ﹤0.01% |
469,400
+119,500
| +34% | +$3.89M |
|
2029
CALL
Casey's General Stores
CASY
$31.6B
| $16M | ﹤0.01% |
58,200
-4,500
| -7% | -$1.23M |
|
2030
iShares US Home Construction ETF
ITB
$2.36B
| $16M | ﹤0.01% |
157,125
+18,402
| +13% | +$1.56M |
|
2031
PUT
iShares US Technology ETF
IYW
$25.6B
| $16M | ﹤0.01% |
130,000
-38,300
| -23% | -$4.34M |
|
2032
CALL
Fortive
FTV
$18.6B
| $15.9M | ﹤0.01% |
287,428
-95,146
| -25% | -$5.02M |
|
2033
Tidewater
TDW
$4.7B
| $15.9M | ﹤0.01% |
221,081
-23,019
| -9% | -$1.49M |
|
2034
Bilibili
BILI
$7.25B
| $15.9M | ﹤0.01% |
1,309,217
+810,852
| +163% | +$10.6M |
|
2035
Agilent Technologies
A
$42B
| $15.9M | ﹤0.01% |
114,532
-287,498
| -72% | -$34.2M |
|
2036
CALL
Diageo
DEO
$53.1B
| $15.9M | ﹤0.01% |
109,300
-114,700
| -51% | -$16.9M |
|
2037
CALL
Helen of Troy
HELE
$700M
| $15.9M | ﹤0.01% |
131,700
-123,800
| -48% | -$13.3M |
|
2038
CALL
MP Materials
MP
$10.5B
| $15.9M | ﹤0.01% |
799,400
-261,900
| -25% | -$4.47M |
|
2039
CALL
Bloom Energy
BE
$68.8B
| $15.8M | ﹤0.01% |
1,070,800
+16,700
| +2% | +$209K |
|
2040
Teck Resources
TECK
$31.2B
| $15.8M | ﹤0.01% |
374,772
-61,644
| -14% | -$2.37M |
|
2041
PUT
BioMarin Pharmaceuticals
BMRN
$13.1B
| $15.8M | ﹤0.01% |
164,200
+51,700
| +46% | +$4.57M |
|
2042
CALL
Trupanion
TRUP
$1.34B
| $15.8M | ﹤0.01% |
517,700
+249,500
| +93% | +$6.61M |
|
2043
Bentley Systems
BSY
$11B
| $15.8M | ﹤0.01% |
302,301
+131,365
| +77% | +$6.75M |
|
2044
PUT
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$739M
| $15.8M | ﹤0.01% |
278,200
+172,700
| +164% | +$9.17M |
|
2045
PUT
Darling Ingredients
DAR
$10.5B
| $15.8M | ﹤0.01% |
316,300
+138,000
| +77% | +$6.26M |
|
2046
CALL
ScottsMiracle-Gro
SMG
$3.54B
| $15.7M | ﹤0.01% |
247,000
+50,600
| +26% | +$2.73M |
|
2047
CALL
Mattel
MAT
$4.27B
| $15.7M | ﹤0.01% |
834,000
+92,300
| +12% | +$1.8M |
|
2048
Marathon Digital Holdings
MARA
$3.53B
| $15.7M | ﹤0.01% |
669,026
-6,614,425
| -91% | -$83.5M |
|
|
WBA
2049
DELISTED
Walgreens Boots Alliance
WBA
| $15.7M | ﹤0.01% |
601,885
-1,401,988
| -70% | -$31.3M |
|
2050
PUT
Qorvo
QRVO
$8.58B
| $15.7M | ﹤0.01% |
139,300
-53,300
| -28% | -$5.15M |
|
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.