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 | |
|---|---|---|---|---|---|---|
2351
PUT
LPL Financial
LPLA
$29.2B
| $11.5M | ﹤0.01% |
48,600
-2,700
| -5% | -$627K |
|
2352
Sunrun
RUN
$2.45B
| $11.5M | ﹤0.01% |
918,797
-37,853
| -4% | -$622K |
|
2353
CALL
BioMarin Pharmaceuticals
BMRN
$13B
| $11.5M | ﹤0.01% |
130,400
+62,300
| +91% | +$5.54M |
|
2354
Shift4
FOUR
$3.58B
| $11.5M | ﹤0.01% |
208,290
+100,439
| +93% | +$6.12M |
|
2355
TG Therapeutics
TGTX
$7.46B
| $11.5M | ﹤0.01% |
1,377,761
+499,976
| +57% | +$6.97M |
|
2356
PUT
Sanofi
SNY
$105B
| $11.5M | ﹤0.01% |
214,100
+22,900
| +12% | +$1.22M |
|
2357
CALL
HEICO Corp
HEI
$52.4B
| $11.5M | ﹤0.01% |
70,900
+29,400
| +71% | +$4.99M |
|
2358
Fluor
FLR
$7B
| $11.5M | ﹤0.01% |
312,800
-114,166
| -27% | -$3.82M |
|
2359
PUT
dLocal
DLO
$4.17B
| $11.5M | ﹤0.01% |
598,600
+190,700
| +47% | +$3.25M |
|
2360
CALL
Church & Dwight Co
CHD
$24B
| $11.5M | ﹤0.01% |
125,200
+79,700
| +175% | +$7.63M |
|
2361
Gartner
IT
$11.4B
| $11.5M | ﹤0.01% |
33,360
+12,054
| +57% | +$4.2M |
|
2362
PUT
Forward Air
FWRD
$640M
| $11.4M | ﹤0.01% |
+166,500
| New | +$14.7M |
|
2363
PUT
Brinker International
EAT
$10.2B
| $11.4M | ﹤0.01% |
362,300
+120,600
| +50% | +$4.22M |
|
2364
Insulet
PODD
$9.94B
| $11.4M | ﹤0.01% |
71,696
+21,650
| +43% | +$4.85M |
|
2365
Everest Group
EG
$14.2B
| $11.4M | ﹤0.01% |
30,703
-403
| -1% | -$146K |
|
2366
Northern Trust
NTRS
$35B
| $11.4M | ﹤0.01% |
164,169
+111,473
| +212% | +$8.42M |
|
2367
PUT
DoubleVerify
DV
$2.04B
| $11.4M | ﹤0.01% |
407,700
+284,600
| +231% | +$9.73M |
|
|
JWN
2368
CALL
DELISTED
Nordstrom
JWN
| $11.4M | ﹤0.01% |
762,100
-70,200
| -8% | -$1.29M |
|
2369
CALL
Groupon
GRPN
$875M
| $11.4M | ﹤0.01% |
741,200
+284,800
| +62% | +$2.77M |
|
2370
PUT
International Paper
IP
$21.6B
| $11.4M | ﹤0.01% |
320,100
+136,400
| +74% | +$4.64M |
|
2371
Credit Acceptance
CACC
$6.1B
| $11.3M | ﹤0.01% |
24,667
+17,945
| +267% | +$9.09M |
|
2372
CALL
FMC
FMC
$1.27B
| $11.3M | ﹤0.01% |
169,300
+97,300
| +135% | +$8.43M |
|
2373
CALL
Immunovant
IMVT
$8.64B
| $11.3M | ﹤0.01% |
294,700
+133,500
| +83% | +$3.02M |
|
2374
CALL
PennyMac Financial
PFSI
$4.05B
| $11.3M | ﹤0.01% |
169,800
+60,100
| +55% | +$4.32M |
|
|
LAC
2375
CALL
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $11.3M | ﹤0.01% |
663,900
-52,700
| -7% | -$995K |
|
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.