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 | |
|---|---|---|---|---|---|---|
251
PUT
Zoom
ZM
$30.6B
| $284M | 0.06% |
4,178,600
-2,080,100
| -33% | -$139M |
|
252
CALL
PepsiCo
PEP
$190B
| $283M | 0.06% |
1,529,300
-675,400
| -31% | -$126M |
|
253
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $282M | 0.06% |
2,610,500
-656,100
| -20% | -$71M |
|
254
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.43B
| $279M | 0.06% |
2,167,700
-1,067,300
| -33% | -$134M |
|
255
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.8B
| $278M | 0.06% |
3,271,200
-135,800
| -4% | -$10.4M |
|
256
CALL
Marvell Technology
MRVL
$196B
| $276M | 0.06% |
4,622,300
+1,904,400
| +70% | +$92.5M |
|
257
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $276M | 0.06% |
3,319,700
-921,400
| -22% | -$77.1M |
|
258
CALL
Union Pacific
UNP
$174B
| $276M | 0.06% |
1,346,700
-1,058,700
| -44% | -$210M |
|
259
CALL
CrowdStrike
CRWD
$218B
| $276M | 0.06% |
7,503,600
-2,227,600
| -23% | -$77.6M |
|
260
VanEck Gold Miners ETF
GDX
$27.4B
| $275M | 0.06% |
9,138,777
+5,896,324
| +182% | +$192M |
|
261
PUT
Northrop Grumman
NOC
$81.2B
| $275M | 0.06% |
603,000
+31,600
| +6% | +$14.3M |
|
|
SCHW
262
PUT
Charles Schwab
SCHW
$187B
| $274M | 0.06% |
4,842,600
-1,561,000
| -24% | -$81.8M |
|
263
CALL
iShares Core S&P 500 ETF
IVV
$904B
| $274M | 0.06% |
614,300
+100,300
| +20% | +$42.3M |
|
264
CALL
Royal Caribbean
RCL
$85.6B
| $272M | 0.06% |
2,621,500
+555,400
| +27% | +$43.5M |
|
265
CALL
Ford
F
$55.7B
| $272M | 0.06% |
17,949,300
-3,759,700
| -17% | -$47.6M |
|
266
PUT
Pinduoduo
PDD
$131B
| $271M | 0.06% |
3,925,300
-1,751,100
| -31% | -$120M |
|
267
CALL
CVS Health
CVS
$122B
| $271M | 0.06% |
3,913,000
-187,400
| -5% | -$13.3M |
|
268
TSMC
TSM
$2.18T
| $268M | 0.05% |
2,659,685
-3,333,649
| -56% | -$310M |
|
269
CALL
American Express
AXP
$230B
| $267M | 0.05% |
1,533,800
-879,300
| -36% | -$142M |
|
270
PUT
Caterpillar
CAT
$387B
| $267M | 0.05% |
1,084,500
-417,500
| -28% | -$93.1M |
|
271
PUT
General Motors
GM
$76.8B
| $266M | 0.05% |
6,892,500
+406,100
| +6% | +$14M |
|
272
PUT
Spotify
SPOT
$100B
| $266M | 0.05% |
1,655,000
+168,000
| +11% | +$24.3M |
|
273
PUT
Texas Instruments
TXN
$261B
| $264M | 0.05% |
1,464,600
-162,600
| -10% | -$28M |
|
274
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
| $264M | 0.05% |
2,456,400
+101,200
| +4% | +$10.2M |
|
275
CALL
Vanguard S&P 500 ETF
VOO
$1.03T
| $263M | 0.05% |
646,700
-135,900
| -17% | -$52.4M |
|
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.