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 | |
|---|---|---|---|---|---|---|
|
LNW
3226
CALL
DELISTED
Light & Wonder
LNW
| $5.94M | ﹤0.01% |
86,400
+1,700
| +2% | +$106K |
|
3227
PUT
Tanger
SKT
$4.42B
| $5.93M | ﹤0.01% |
268,700
+91,700
| +52% | +$1.84M |
|
3228
Children's Place
PLCE
$54.3M
| $5.92M | ﹤0.01% |
255,064
+161,929
| +174% | +$4.12M |
|
3229
Range Resources
RRC
$9.42B
| $5.92M | ﹤0.01% |
+201,224
| New | +$5.48M |
|
3230
CALL
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $5.91M | ﹤0.01% |
93,100
| – | – |
|
3231
PUT
Elbit Systems
ESLT
$36.7B
| $5.91M | ﹤0.01% |
+28,300
| New | +$5.48M |
|
3232
CALL
Ionis Pharmaceuticals
IONS
$9.51B
| $5.91M | ﹤0.01% |
144,100
-5,000
| -3% | -$192K |
|
3233
CALL
BioMarin Pharmaceuticals
BMRN
$13B
| $5.9M | ﹤0.01% |
68,100
-41,000
| -38% | -$3.86M |
|
3234
CALL
Direxion Daily Technology Bear 3x ETF
TECS
$59.6M
| $5.9M | ﹤0.01% |
4,304
+648
| +18% | +$1.25M |
|
3235
Calumet Specialty Products
CLMT
$4.19B
| $5.89M | ﹤0.01% |
371,495
-29,102
| -7% | -$479K |
|
3236
PUT
Jack Henry & Associates
JKHY
$10.9B
| $5.89M | ﹤0.01% |
35,200
+17,600
| +100% | +$2.74M |
|
3237
CALL
Sundial Growers
SNDL
$313M
| $5.89M | ﹤0.01% |
4,297,900
-539,700
| -11% | -$819K |
|
3238
CALL
Royalty Pharma
RPRX
$26.1B
| $5.89M | ﹤0.01% |
191,500
-127,100
| -40% | -$4.3M |
|
3239
CALL
Post Holdings
POST
$3.67B
| $5.87M | ﹤0.01% |
67,800
-42,400
| -38% | -$3.72M |
|
|
SEE
3240
CALL
DELISTED
Sealed Air
SEE
| $5.87M | ﹤0.01% |
+146,700
| New | +$6.24M |
|
3241
Vanguard Consumer Discretionary ETF
VCR
$6.11B
| $5.87M | ﹤0.01% |
20,719
-5,567
| -21% | -$1.44M |
|
|
AZPN
3242
DELISTED
Aspen Technology Inc
AZPN
| $5.86M | ﹤0.01% |
34,970
+25,626
| +274% | +$4.76M |
|
3243
PUT
MarketAxess Holdings
MKTX
$5.72B
| $5.86M | ﹤0.01% |
22,400
-29,400
| -57% | -$8.77M |
|
3244
Trump Media & Technology Group
DJT
$2.3B
| $5.85M | ﹤0.01% |
466,148
-45,263
| -9% | -$593K |
|
3245
Radware
RDWR
$1.23B
| $5.85M | ﹤0.01% |
301,742
+280,751
| +1,337% | +$5.61M |
|
3246
PUT
Blackstone Mortgage Trust
BXMT
$2.44B
| $5.85M | ﹤0.01% |
281,100
-149,400
| -35% | -$2.75M |
|
3247
CALL
SM Energy
SM
$8.03B
| $5.85M | ﹤0.01% |
184,900
+64,900
| +54% | +$1.83M |
|
3248
iShares Intermediate Government/Credit Bond ETF
GVI
$3.8B
| $5.85M | ﹤0.01% |
56,830
+32,045
| +129% | +$3.33M |
|
3249
iShares Expanded Tech Sector ETF
IGM
$10.9B
| $5.85M | ﹤0.01% |
89,274
-121,566
| -58% | -$7.23M |
|
3250
PUT
International Paper
IP
$21.6B
| $5.84M | ﹤0.01% |
183,700
-34,700
| -16% | -$1.14M |
|
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.