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 | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2901
Axcelis
ACLS
$4.34B
| $7.37M | ﹤0.01% |
40,195
+11,462
| +40% | +$1.65M |
|
2902
iShares US Real Estate ETF
IYR
$4.58B
| $7.36M | ﹤0.01% |
85,090
-89,114
| -51% | -$7.49M |
|
2903
Pultegroup
PHM
$24.7B
| $7.36M | ﹤0.01% |
94,790
-141,168
| -60% | -$9.57M |
|
2904
CALL
Lemonade
LMND
$4.1B
| $7.36M | ﹤0.01% |
436,700
-62,900
| -13% | -$984K |
|
2905
CALL
Xponential Fitness
XPOF
$212M
| $7.36M | ﹤0.01% |
426,400
+236,500
| +125% | +$6.69M |
|
2906
PUT
Wyndham Hotels & Resorts
WH
$5.49B
| $7.34M | ﹤0.01% |
107,100
+85,100
| +387% | +$5.81M |
|
2907
CALL
HEICO Corp
HEI
$51.9B
| $7.34M | ﹤0.01% |
41,500
-1,600
| -4% | -$270K |
|
2908
CALL
Box
BOX
$4.53B
| $7.34M | ﹤0.01% |
249,700
+64,200
| +35% | +$1.78M |
|
2909
PUT
Scotiabank
BNS
$111B
| $7.33M | ﹤0.01% |
146,400
-9,100
| -6% | -$451K |
|
2910
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.91B
| $7.32M | ﹤0.01% |
33,100
+11,600
| +54% | +$2.29M |
|
2911
Shift4
FOUR
$3.64B
| $7.32M | ﹤0.01% |
107,851
-60,088
| -36% | -$3.94M |
|
|
FLNA
2912
PUT
Filana Therapeutics
FLNA
$44.7M
| $7.32M | ﹤0.01% |
298,700
-11,000
| -4% | -$265K |
|
2913
CALL
Mobileye
MBLY
$7.57B
| $7.32M | ﹤0.01% |
190,600
-329,400
| -63% | -$13.4M |
|
2914
iShares US Home Construction ETF
ITB
$2.36B
| $7.32M | ﹤0.01% |
85,639
-911
| -1% | -$69.2K |
|
2915
PUT
Option Care Health
OPCH
$3.61B
| $7.32M | ﹤0.01% |
+225,200
| New | +$6.79M |
|
2916
McCormick & Company Non-Voting
MKC
$14.6B
| $7.31M | ﹤0.01% |
83,813
-41,558
| -33% | -$3.67M |
|
2917
CALL
iShares Core US Aggregate Bond ETF
AGG
$138B
| $7.31M | ﹤0.01% |
74,600
-47,900
| -39% | -$4.74M |
|
2918
PUT
Arthur J. Gallagher & Co
AJG
$64.2B
| $7.29M | ﹤0.01% |
33,200
+11,500
| +53% | +$2.39M |
|
2919
QuantumScape Corp
QS
$3.83B
| $7.28M | ﹤0.01% |
911,700
+320,290
| +54% | +$2.23M |
|
2920
XPO
XPO
$24.9B
| $7.28M | ﹤0.01% |
123,347
+72,586
| +143% | +$3.29M |
|
2921
CALL
Brinker International
EAT
$10.2B
| $7.28M | ﹤0.01% |
198,800
+41,600
| +26% | +$1.57M |
|
2922
PUT
Ultragenyx Pharmaceutical
RARE
$2.56B
| $7.27M | ﹤0.01% |
157,700
+78,600
| +99% | +$3.65M |
|
2923
PUT
Global Ship Lease
GSL
$1.51B
| $7.27M | ﹤0.01% |
374,800
+110,700
| +42% | +$2.09M |
|
2924
PUT
Essex Property Trust
ESS
$18.4B
| $7.26M | ﹤0.01% |
31,000
-7,400
| -19% | -$1.62M |
|
2925
PUT
LKQ Corp
LKQ
$6.44B
| $7.26M | ﹤0.01% |
124,600
-27,900
| -18% | -$1.55M |
|
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.