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 | |
|---|---|---|---|---|---|---|
3101
CALL
BRC Group Holdings
RILY
$297M
| $6.44M | ﹤0.01% |
140,000
+17,200
| +14% | +$605K |
|
3102
PUT
RenaissanceRe
RNR
$13.4B
| $6.43M | ﹤0.01% |
34,500
+18,000
| +109% | +$3.58M |
|
3103
PUT
Aptiv
APTV
$10.3B
| $6.43M | ﹤0.01% |
63,000
-49,500
| -44% | -$4.9M |
|
3104
Criteo S.A. Ordinary Shares
CRTO
$933M
| $6.43M | ﹤0.01% |
190,479
-172,619
| -48% | -$5.57M |
|
3105
PUT
Terex
TEX
$7.77B
| $6.43M | ﹤0.01% |
107,400
+39,500
| +58% | +$1.96M |
|
3106
CDW
CDW
$17.5B
| $6.42M | ﹤0.01% |
34,994
-32,532
| -48% | -$5.68M |
|
3107
PUT
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$329M
| $6.42M | ﹤0.01% |
45,900
-45,660
| -50% | -$7.6M |
|
3108
PUT
Boyd Gaming
BYD
$6.1B
| $6.42M | ﹤0.01% |
92,500
+28,400
| +44% | +$1.91M |
|
3109
Helmerich & Payne
HP
$4.43B
| $6.41M | ﹤0.01% |
180,896
+90,949
| +101% | +$3.1M |
|
3110
Kite Realty
KRG
$5.29B
| $6.4M | ﹤0.01% |
286,585
+140,126
| +96% | +$2.89M |
|
3111
American Financial Group
AFG
$12.1B
| $6.4M | ﹤0.01% |
53,882
+15,371
| +40% | +$1.81M |
|
3112
CALL
Fiverr
FVRR
$324M
| $6.4M | ﹤0.01% |
245,900
+23,800
| +11% | +$717K |
|
3113
FMC
FMC
$1.28B
| $6.39M | ﹤0.01% |
61,290
-47,044
| -43% | -$5.29M |
|
3114
CALL
Schwab US Large-Cap Growth ETF
SCHG
$62.9B
| $6.39M | ﹤0.01% |
341,200
+103,600
| +44% | +$1.78M |
|
3115
Labcorp
LH
$25.9B
| $6.38M | ﹤0.01% |
30,777
-32,407
| -51% | -$6.29M |
|
3116
SPDR Gold MiniShares Trust
GLDM
$30B
| $6.38M | ﹤0.01% |
+167,438
| New | +$6.57M |
|
3117
Gulfport Energy Corp
GPOR
$3B
| $6.37M | ﹤0.01% |
60,673
+21,303
| +54% | +$1.97M |
|
|
IPG
3118
CALL
DELISTED
Interpublic Group of Companies
IPG
| $6.37M | ﹤0.01% |
165,200
-6,000
| -4% | -$226K |
|
3119
CALL
Greif
GEF
$4.97B
| $6.37M | ﹤0.01% |
92,400
-19,500
| -17% | -$1.25M |
|
3120
PUT
Northern Trust
NTRS
$35B
| $6.36M | ﹤0.01% |
85,800
-4,200
| -5% | -$322K |
|
3121
iShares Russell 1000 ETF
IWB
$50.4B
| $6.36M | ﹤0.01% |
26,096
-3,715
| -12% | -$856K |
|
3122
CALL
Frontline
FRO
$9.24B
| $6.36M | ﹤0.01% |
437,500
+39,900
| +10% | +$596K |
|
3123
PUT
SM Energy
SM
$8.02B
| $6.35M | ﹤0.01% |
200,900
-1,300
| -0.6% | -$36.7K |
|
|
AIRC
3124
DELISTED
Apartment Income REIT Corp.
AIRC
| $6.35M | ﹤0.01% |
175,995
+142,445
| +425% | +$5.07M |
|
3125
Gaming and Leisure Properties
GLPI
$12.7B
| $6.34M | ﹤0.01% |
130,908
+26,364
| +25% | +$1.31M |
|
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.