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 | |
|---|---|---|---|---|---|---|
3001
Ionis Pharmaceuticals
IONS
$9.35B
| $6.87M | ﹤0.01% |
167,516
+111,596
| +200% | +$4.29M |
|
3002
CALL
iShares Russell 2000 Value ETF
IWN
$14.7B
| $6.87M | ﹤0.01% |
48,800
+26,400
| +118% | +$3.57M |
|
3003
CALL
Schwab US Large- Cap ETF
SCHX
$74.9B
| $6.87M | ﹤0.01% |
393,600
+213,900
| +119% | +$3.53M |
|
3004
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.77B
| $6.87M | ﹤0.01% |
131,193
+66,060
| +101% | +$3.35M |
|
3005
PUT
Harley-Davidson
HOG
$2.9B
| $6.86M | ﹤0.01% |
194,900
-95,400
| -33% | -$3.33M |
|
3006
PUT
Compañía de Minas Buenaventura
BVN
$8.67B
| $6.86M | ﹤0.01% |
933,200
+884,600
| +1,820% | +$6.52M |
|
3007
Huntsman Corp
HUN
$1.81B
| $6.85M | ﹤0.01% |
253,442
+142,681
| +129% | +$3.71M |
|
3008
MasTec
MTZ
$23.7B
| $6.85M | ﹤0.01% |
58,046
+9,869
| +20% | +$967K |
|
3009
PUT
Target Hospitality
TH
$1.73B
| $6.84M | ﹤0.01% |
509,900
+286,900
| +129% | +$3.97M |
|
3010
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.6B
| $6.84M | ﹤0.01% |
459,300
-926,147
| -67% | -$11.2M |
|
3011
CALL
Manulife Financial
MFC
$73.5B
| $6.83M | ﹤0.01% |
361,400
-59,100
| -14% | -$1.13M |
|
3012
PUT
Fox Class A
FOXA
$28.8B
| $6.83M | ﹤0.01% |
201,000
+64,800
| +48% | +$2.12M |
|
|
JNPR
3013
CALL
DELISTED
Juniper Networks
JNPR
| $6.83M | ﹤0.01% |
218,100
-60,300
| -22% | -$1.86M |
|
|
FYBR
3014
PUT
DELISTED
Frontier Communications
FYBR
| $6.81M | ﹤0.01% |
365,200
+163,200
| +81% | +$3.06M |
|
3015
CALL
Entergy
ETR
$50.3B
| $6.81M | ﹤0.01% |
139,800
+20,200
| +17% | +$1.05M |
|
3016
Revolve Group
RVLV
$1.68B
| $6.79M | ﹤0.01% |
414,287
+374,434
| +940% | +$6.98M |
|
|
AVDL
3017
CALL
DELISTED
Avadel Pharmaceuticals
AVDL
| $6.78M | ﹤0.01% |
411,500
+98,300
| +31% | +$1.28M |
|
|
GRMN
3018
PUT
Garmin
GRMN
$60.1B
| $6.78M | ﹤0.01% |
65,000
-5,200
| -7% | -$531K |
|
3019
CALL
iShares MSCI United Kingdom ETF
EWU
$4.13B
| $6.77M | ﹤0.01% |
209,400
-261,500
| -56% | -$8.62M |
|
3020
Flowers Foods
FLO
$1.61B
| $6.77M | ﹤0.01% |
272,254
-41,426
| -13% | -$1.1M |
|
3021
PUT
Consolidated Edison
ED
$40.2B
| $6.77M | ﹤0.01% |
74,900
-59,200
| -44% | -$5.66M |
|
|
ECHO
3022
EchoStar
ECHO
$26.6B
| $6.77M | ﹤0.01% |
390,417
+233,735
| +149% | +$3.94M |
|
|
3023
Fox Class A
FOXA
$28.8B
| $6.77M | ﹤0.01% |
199,099
-132,676
| -40% | -$4.34M |
|
3024
BridgeBio Pharma
BBIO
$15.7B
| $6.77M | ﹤0.01% |
393,361
-131,947
| -25% | -$1.99M |
|
|
ETRN
3025
PUT
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $6.76M | ﹤0.01% |
707,400
+506,500
| +252% | +$3.4M |
|
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.