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 | |
|---|---|---|---|---|---|---|
2926
CALL
Hess Midstream
HESM
$5.15B
| $7.25M | ﹤0.01% |
236,400
+115,500
| +96% | +$3.33M |
|
2927
PUT
MYR Group
MYRG
$5.21B
| $7.25M | ﹤0.01% |
52,400
+49,300
| +1,590% | +$6.44M |
|
2928
CALL
Avantor
AVTR
$9.31B
| $7.25M | ﹤0.01% |
352,900
+234,800
| +199% | +$4.75M |
|
2929
Invesco DB Base Metals Fund
DBB
$315M
| $7.25M | ﹤0.01% |
403,740
+212,378
| +111% | +$3.97M |
|
2930
CALL
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $7.24M | ﹤0.01% |
43,800
+2,000
| +5% | +$315K |
|
2931
CALL
Mattel
MAT
$4.3B
| $7.24M | ﹤0.01% |
370,700
-51,800
| -12% | -$936K |
|
|
SPWR
2932
PUT
DELISTED
SunPower Corporation Common Stock
SPWR
| $7.24M | ﹤0.01% |
738,800
+184,700
| +33% | +$2.16M |
|
2933
PUT
Acuity Brands
AYI
$10.6B
| $7.22M | ﹤0.01% |
44,300
+30,000
| +210% | +$4.79M |
|
2934
CALL
RBC Bearings
RBC
$17.6B
| $7.22M | ﹤0.01% |
33,200
+12,400
| +60% | +$2.69M |
|
2935
PUT
TE Connectivity
TEL
$62.4B
| $7.22M | ﹤0.01% |
51,500
+41,400
| +410% | +$5.24M |
|
2936
Brown-Forman Class B
BF.B
$13B
| $7.22M | ﹤0.01% |
108,062
-451
| -0.4% | -$28.9K |
|
|
NARI
2937
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $7.21M | ﹤0.01% |
124,096
-43,798
| -26% | -$2.76M |
|
2938
Rapid7
RPD
$871M
| $7.2M | ﹤0.01% |
159,119
+62,083
| +64% | +$2.88M |
|
2939
AXIS Capital
AXS
$7.37B
| $7.19M | ﹤0.01% |
133,552
+42,775
| +47% | +$2.34M |
|
2940
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $7.19M | ﹤0.01% |
158,300
+61,500
| +64% | +$2.61M |
|
2941
PUT
Broadridge
BR
$19.6B
| $7.19M | ﹤0.01% |
43,400
+19,400
| +81% | +$2.94M |
|
2942
Corning
GLW
$142B
| $7.18M | ﹤0.01% |
204,930
-398,127
| -66% | -$13.1M |
|
2943
CALL
Urban Outfitters
URBN
$6.64B
| $7.18M | ﹤0.01% |
216,700
+147,900
| +215% | +$4.31M |
|
2944
Melco Resorts & Entertainment
MLCO
$2.19B
| $7.18M | ﹤0.01% |
587,724
+436,247
| +288% | +$5.4M |
|
|
EMBJ
2945
PUT
Embraer S.A. ADS
EMBJ
$13.5B
| $7.17M | ﹤0.01% |
464,100
+180,400
| +64% | +$2.75M |
|
2946
PUT
Ferguson
FERG
$47.7B
| $7.17M | ﹤0.01% |
45,600
+6,900
| +18% | +$983K |
|
|
OPRA
2947
PUT
Opera Ltd
OPRA
$1.78B
| $7.17M | ﹤0.01% |
361,000
+214,200
| +146% | +$3.06M |
|
2948
PUT
Shift4
FOUR
$3.63B
| $7.17M | ﹤0.01% |
105,600
-67,700
| -39% | -$4.44M |
|
2949
ProShares VIX Mid-Term Futures ETF
VIXM
$94.2M
| $7.17M | ﹤0.01% |
350,140
-22,989
| -6% | -$574K |
|
2950
CALL
JetBlue
JBLU
$2.14B
| $7.16M | ﹤0.01% |
808,500
+439,200
| +119% | +$3.19M |
|
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.