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 | |
|---|---|---|---|---|---|---|
|
BKDT
3251
DELISTED
Brookdale Senior Living Inc. 7.00% Tangible Equity Units
BKDT
| $5.84M | ﹤0.01% |
100,000
| – | – |
|
3252
Canadian Pacific Kansas City
CP
$82.2B
| $5.84M | ﹤0.01% |
72,271
+65,070
| +904% | +$5.14M |
|
3253
Shake Shack
SHAK
$3.02B
| $5.84M | ﹤0.01% |
75,107
+5,147
| +7% | +$331K |
|
|
EXK
3254
CALL
Endeavour Silver
EXK
$3.16B
| $5.84M | ﹤0.01% |
2,019,200
+1,862,100
| +1,185% | +$6.58M |
|
|
AEL
3255
DELISTED
American Equity Investment Life Holding Company
AEL
| $5.83M | ﹤0.01% |
111,869
+74,155
| +197% | +$2.98M |
|
3256
PUT
Eos Energy Enterprises
EOSE
$1.46B
| $5.83M | ﹤0.01% |
1,342,600
+1,274,600
| +1,874% | +$3.34M |
|
|
SRDX
3257
DELISTED
Surmodics
SRDX
| $5.82M | ﹤0.01% |
186,007
-15,285
| -8% | -$349K |
|
|
AZEK
3258
DELISTED
The AZEK Co
AZEK
| $5.82M | ﹤0.01% |
192,270
+42,193
| +28% | +$1.09M |
|
3259
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65M
| $5.82M | ﹤0.01% |
47,626
+6,906
| +17% | +$832K |
|
3260
Amdocs
DOX
$6.18B
| $5.82M | ﹤0.01% |
58,866
-10,586
| -15% | -$996K |
|
3261
CALL
Western Union
WU
$2.32B
| $5.82M | ﹤0.01% |
495,900
-79,900
| -14% | -$921K |
|
3262
PUT
Viridian Therapeutics
VRDN
$2.5B
| $5.82M | ﹤0.01% |
244,500
+228,900
| +1,467% | +$5.87M |
|
3263
Burford Capital
BUR
$960M
| $5.82M | ﹤0.01% |
477,489
+393,580
| +469% | +$5.09M |
|
|
SAND
3264
DELISTED
Sandstorm Gold
SAND
| $5.81M | ﹤0.01% |
1,135,349
+127,062
| +13% | +$707K |
|
3265
CALL
AvalonBay Communities
AVB
$26.3B
| $5.81M | ﹤0.01% |
30,700
-19,400
| -39% | -$3.46M |
|
|
CEQP
3266
CALL
DELISTED
Crestwood Equity Partners LP
CEQP
| $5.81M | ﹤0.01% |
219,400
+73,800
| +51% | +$1.87M |
|
3267
CALL
iShares US Oil & Gas Exploration & Production ETF
IEO
$595M
| $5.81M | ﹤0.01% |
68,400
+37,700
| +123% | +$3.16M |
|
3268
CALL
Cracker Barrel
CBRL
$1.29B
| $5.81M | ﹤0.01% |
62,300
-109,500
| -64% | -$11.2M |
|
3269
PUT
First Majestic Silver
AG
$9.49B
| $5.8M | ﹤0.01% |
1,027,000
+320,200
| +45% | +$2.05M |
|
3270
iShares S&P Small-Cap 600 Value ETF
IJS
$8.45B
| $5.8M | ﹤0.01% |
61,002
-30,158
| -33% | -$2.76M |
|
3271
PUT
Lemonade
LMND
$4.07B
| $5.8M | ﹤0.01% |
344,200
+101,700
| +42% | +$1.59M |
|
3272
PUT
Fastly Inc
FSLY
$4.77B
| $5.8M | ﹤0.01% |
367,700
-83,400
| -18% | -$1.28M |
|
|
IMGN
3273
CALL
DELISTED
Immunogen Inc
IMGN
| $5.79M | ﹤0.01% |
307,100
+109,600
| +55% | +$1.29M |
|
3274
Winnebago Industries
WGO
$892M
| $5.78M | ﹤0.01% |
86,733
+40,530
| +88% | +$2.42M |
|
3275
CALL
Hims & Hers Health
HIMS
$6.57B
| $5.78M | ﹤0.01% |
614,900
-220,300
| -26% | -$2.18M |
|
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.