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 | |
|---|---|---|---|---|---|---|
2601
Liberty Media Series C
FWONK
$26B
| $9.16M | ﹤0.01% |
125,918
+76,925
| +157% | +$5.47M |
|
2602
First Trust Enhanced Short Maturity ETF
FTSM
$6.54B
| $9.15M | ﹤0.01% |
+154,009
| New | +$9.18M |
|
2603
PUT
Owens Corning
OC
$12.3B
| $9.15M | ﹤0.01% |
70,100
-1,700
| -2% | -$186K |
|
2604
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.4B
| $9.13M | ﹤0.01% |
+182,322
| New | +$9.15M |
|
2605
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $9.13M | ﹤0.01% |
295,138
+55,995
| +23% | +$1.71M |
|
|
LBAI
2606
DELISTED
Lakeland Bancorp Inc
LBAI
| $9.12M | ﹤0.01% |
680,815
+96,861
| +17% | +$1.35M |
|
|
XIFR
2607
PUT
XPLR Infrastructure LP
XIFR
$1.08B
| $9.11M | ﹤0.01% |
155,300
+21,800
| +16% | +$1.31M |
|
|
CFLT
2608
PUT
DELISTED
Confluent
CFLT
| $9.1M | ﹤0.01% |
257,700
+10,300
| +4% | +$288K |
|
2609
Dick's Sporting Goods
DKS
$18.1B
| $9.09M | ﹤0.01% |
68,793
-37,044
| -35% | -$5.07M |
|
2610
Allegiant Air
ALGT
$2.36B
| $9.09M | ﹤0.01% |
71,957
+37,725
| +110% | +$3.95M |
|
2611
PUT
Invesco S&P 500 High Beta ETF
SPHB
$956M
| $9.08M | ﹤0.01% |
+118,800
| New | +$8.26M |
|
2612
PUT
Vulcan Materials
VMC
$36.3B
| $9.06M | ﹤0.01% |
40,200
+12,500
| +45% | +$2.4M |
|
2613
PUT
Huntington Ingalls Industries
HII
$12.9B
| $9.06M | ﹤0.01% |
39,800
+18,600
| +88% | +$3.86M |
|
2614
PUT
Shoals Technologies Group
SHLS
$1.4B
| $9.06M | ﹤0.01% |
354,300
+129,500
| +58% | +$2.99M |
|
2615
Neurocrine Biosciences
NBIX
$15.9B
| $9.04M | ﹤0.01% |
95,898
+54,587
| +132% | +$5.33M |
|
2616
PUT
Yeti Holdings
YETI
$3.44B
| $9.04M | ﹤0.01% |
232,800
+27,000
| +13% | +$1.05M |
|
|
HOLX
2617
DELISTED
Hologic
HOLX
| $9.03M | ﹤0.01% |
111,534
-18,745
| -14% | -$1.53M |
|
2618
Bilibili
BILI
$7.14B
| $9.03M | ﹤0.01% |
597,916
-181,278
| -23% | -$3.33M |
|
2619
Allstate
ALL
$64.7B
| $9.02M | ﹤0.01% |
82,757
-114,698
| -58% | -$13M |
|
|
VTLE
2620
CALL
DELISTED
Vital Energy
VTLE
| $9.02M | ﹤0.01% |
199,800
-10,000
| -5% | -$452K |
|
2621
CALL
Vanguard Health Care ETF
VHT
$19B
| $9.01M | ﹤0.01% |
36,800
+4,000
| +12% | +$973K |
|
2622
PUT
Hecla Mining
HL
$11.9B
| $9M | ﹤0.01% |
1,747,700
-78,200
| -4% | -$447K |
|
2623
PUT
Ascendis Pharma A/S
ASND
$16.8B
| $9M | ﹤0.01% |
100,800
+70,000
| +227% | +$6.09M |
|
2624
PUT
Alexandria Real Estate Equities
ARE
$8.27B
| $8.99M | ﹤0.01% |
79,200
-13,200
| -14% | -$1.57M |
|
2625
PUT
CVR Partners
UAN
$1.26B
| $8.99M | ﹤0.01% |
111,400
-155,400
| -58% | -$13.6M |
|
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.