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 | |
|---|---|---|---|---|---|---|
3026
PUT
Innoviz Technologies
INVZ
$107M
| $6.76M | ﹤0.01% |
2,379,300
-245,900
| -9% | -$679K |
|
|
CERE
3027
CALL
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $6.76M | ﹤0.01% |
212,500
-45,100
| -18% | -$1.38M |
|
3028
Liberty Energy
LBRT
$3.58B
| $6.74M | ﹤0.01% |
504,437
+149,286
| +42% | +$1.93M |
|
3029
PUT
Vanguard Morningstar Small-Cap ETF
VB
$83.5B
| $6.74M | ﹤0.01% |
33,900
+21,200
| +167% | +$4.01M |
|
|
GTM
3030
CALL
ZoomInfo Technologies
GTM
$1.2B
| $6.73M | ﹤0.01% |
265,200
+30,000
| +13% | +$710K |
|
|
IMGN
3031
PUT
DELISTED
Immunogen Inc
IMGN
| $6.73M | ﹤0.01% |
356,700
-103,100
| -22% | -$1.22M |
|
3032
PUT
Gold Fields
GFI
$35.8B
| $6.73M | ﹤0.01% |
486,600
-57,500
| -11% | -$874K |
|
3033
CALL
Jack in the Box
JACK
$332M
| $6.73M | ﹤0.01% |
69,000
-40,300
| -37% | -$3.67M |
|
3034
PUT
Vir Biotechnology
VIR
$1.54B
| $6.73M | ﹤0.01% |
274,300
+166,000
| +153% | +$4.17M |
|
3035
PUT
iShares MSCI ACWI ETF
ACWI
$33.5B
| $6.73M | ﹤0.01% |
70,100
-3,400
| -5% | -$316K |
|
|
GAP
3036
The Gap Inc
GAP
$7.41B
| $6.72M | ﹤0.01% |
752,602
-799,196
| -52% | -$7.13M |
|
|
DEN
3037
PUT
DELISTED
Denbury Inc.
DEN
| $6.72M | ﹤0.01% |
77,900
-88,500
| -53% | -$8.02M |
|
3038
PUT
Rambus
RMBS
$10.8B
| $6.72M | ﹤0.01% |
104,700
+27,100
| +35% | +$1.49M |
|
3039
MDU Resources
MDU
$4.35B
| $6.71M | ﹤0.01% |
578,212
+537,083
| +1,306% | +$6.04M |
|
3040
Schwab US Large- Cap ETF
SCHX
$74.8B
| $6.7M | ﹤0.01% |
383,820
+271,569
| +242% | +$4.48M |
|
|
DQ
3041
Daqo New Energy
DQ
$993M
| $6.7M | ﹤0.01% |
168,675
-24,022
| -12% | -$1M |
|
3042
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$273M
| $6.7M | ﹤0.01% |
14,486
+6,002
| +71% | +$4.82M |
|
3043
CALL
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$12B
| $6.69M | ﹤0.01% |
142,000
-55,800
| -28% | -$2.55M |
|
3044
PUT
Lumen
LUMN
$6.66B
| $6.69M | ﹤0.01% |
2,960,800
+265,500
| +10% | +$585K |
|
3045
iShares Gold Trust
IAU
$64.9B
| $6.69M | ﹤0.01% |
183,851
-83,982
| -31% | -$3.15M |
|
3046
Invesco
IVZ
$14.3B
| $6.69M | ﹤0.01% |
397,792
+116,461
| +41% | +$1.87M |
|
|
DICE
3047
PUT
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
| $6.69M | ﹤0.01% |
143,900
+114,300
| +386% | +$3.95M |
|
3048
United Airlines
UAL
$40.5B
| $6.68M | ﹤0.01% |
121,820
-1,144,127
| -90% | -$54M |
|
3049
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$40.5M
| $6.67M | ﹤0.01% |
46,382
+38,538
| +491% | +$5.76M |
|
3050
LKQ Corp
LKQ
$6.41B
| $6.66M | ﹤0.01% |
114,363
-34,106
| -23% | -$1.9M |
|
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.