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 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.06% |
| 5 | Healthcare | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
CALL
Toro Company
TTC
$9.32B
| $9.43M | ﹤0.01% |
92,800
+800
| +0.9% | +$82K |
|
2552
ProShares Ultra Bloomberg Crude Oil
UCO
$422M
| $9.43M | ﹤0.01% |
398,701
+97,163
| +32% | +$2.44M |
|
2553
CALL
Calumet Specialty Products
CLMT
$4.15B
| $9.43M | ﹤0.01% |
594,400
-386,900
| -39% | -$6.37M |
|
2554
PUT
United Therapeutics
UTHR
$21.9B
| $9.43M | ﹤0.01% |
42,700
-17,900
| -30% | -$3.96M |
|
|
SNV
2555
CALL
DELISTED
Synovus
SNV
| $9.43M | ﹤0.01% |
311,600
+231,900
| +291% | +$6.78M |
|
2556
Golar LNG
GLNG
$5.2B
| $9.43M | ﹤0.01% |
467,297
+123,248
| +36% | +$2.65M |
|
2557
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $9.42M | ﹤0.01% |
171,200
-12,000
| -7% | -$629K |
|
2558
Schrodinger
SDGR
$1.38B
| $9.41M | ﹤0.01% |
188,488
+125,750
| +200% | +$4.25M |
|
2559
iShares Russell 2000 Growth ETF
IWO
$15.1B
| $9.39M | ﹤0.01% |
38,716
+6,555
| +20% | +$1.5M |
|
2560
CALL
BCE
BCE
$21.6B
| $9.39M | ﹤0.01% |
206,000
-294,000
| -59% | -$13.7M |
|
2561
Huntington Ingalls Industries
HII
$12.9B
| $9.39M | ﹤0.01% |
41,247
+10,539
| +34% | +$2.19M |
|
2562
CALL
KeyCorp
KEY
$24.5B
| $9.39M | ﹤0.01% |
1,015,800
-581,900
| -36% | -$6.07M |
|
2563
PUT
CoStar Group
CSGP
$13.4B
| $9.38M | ﹤0.01% |
105,400
+67,300
| +177% | +$5.2M |
|
2564
CALL
Nabors Industries
NBR
$1.33B
| $9.38M | ﹤0.01% |
100,800
-81,200
| -45% | -$8.25M |
|
2565
PUT
Ciena
CIEN
$61.2B
| $9.37M | ﹤0.01% |
220,600
+139,100
| +171% | +$6.33M |
|
2566
PUT
Viking Therapeutics
VKTX
$3.97B
| $9.37M | ﹤0.01% |
577,900
+230,300
| +66% | +$4.82M |
|
2567
AutoNation
AN
$6.9B
| $9.36M | ﹤0.01% |
56,888
+46,943
| +472% | +$6.52M |
|
|
MASI
2568
CALL
DELISTED
Masimo
MASI
| $9.36M | ﹤0.01% |
56,900
+15,800
| +38% | +$2.75M |
|
2569
KB Home
KBH
$3.42B
| $9.36M | ﹤0.01% |
181,034
+116,604
| +181% | +$5.26M |
|
2570
Cincinnati Financial
CINF
$26.5B
| $9.36M | ﹤0.01% |
96,127
-126,158
| -57% | -$13M |
|
2571
PUT
Comstock Resources
CRK
$4.09B
| $9.35M | ﹤0.01% |
806,000
+46,600
| +6% | +$485K |
|
2572
CALL
Antero Midstream
AM
$10.6B
| $9.34M | ﹤0.01% |
805,200
+67,400
| +9% | +$716K |
|
2573
CALL
Alcon
ALC
$35.5B
| $9.34M | ﹤0.01% |
113,700
+28,500
| +33% | +$2.18M |
|
2574
CALL
MarketAxess Holdings
MKTX
$5.72B
| $9.33M | ﹤0.01% |
35,700
+3,400
| +11% | +$1.01M |
|
2575
SPDR Gold Trust
GLD
$142B
| $9.32M | ﹤0.01% |
52,291
-170,730
| -77% | -$31.4M |
|
Similar funds
Susquehanna International Group's Q2 2023 Portfolio in Review
As of Q2 2023, Susquehanna International Group held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group withdrew a net $23.6B in Q2 2023, closing 1,867 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Susquehanna International Group's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Susquehanna International Group added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Susquehanna International Group's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Susquehanna International Group fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Susquehanna International Group's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Susquehanna International Group opened 1,370 new positions and closed 1,867 in Q2 2023.
- Susquehanna International Group's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.