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 | |
|---|---|---|---|---|---|---|
|
CYBR
3351
DELISTED
CyberArk
CYBR
| $5.44M | ﹤0.01% |
34,825
+29,964
| +616% | +$4.29M |
|
3352
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.12B
| $5.44M | ﹤0.01% |
69,780
+42,890
| +160% | +$3.51M |
|
3353
CALL
STMicroelectronics
STM
$48.5B
| $5.44M | ﹤0.01% |
108,800
-41,100
| -27% | -$1.91M |
|
3354
PUT
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $5.44M | ﹤0.01% |
52,875
-73,675
| -58% | -$7.53M |
|
3355
PUT
Western Midstream Partners
WES
$20.2B
| $5.43M | ﹤0.01% |
204,600
+62,000
| +43% | +$1.63M |
|
3356
PUT
Vermilion Energy
VET
$1.73B
| $5.43M | ﹤0.01% |
435,800
-242,800
| -36% | -$2.99M |
|
3357
Lennar Class B
LEN.B
$20.6B
| $5.42M | ﹤0.01% |
50,468
-39,126
| -44% | -$3.67M |
|
3358
Bentley Systems
BSY
$10.9B
| $5.41M | ﹤0.01% |
99,843
+87,706
| +723% | +$4.09M |
|
3359
CALL
Churchill Downs
CHDN
$6.33B
| $5.41M | ﹤0.01% |
38,900
+23,900
| +159% | +$3.27M |
|
3360
Insmed
INSM
$27B
| $5.41M | ﹤0.01% |
256,305
-59,101
| -19% | -$1.12M |
|
|
DHC
3361
Diversified Healthcare Trust
DHC
$2.03B
| $5.41M | ﹤0.01% |
2,403,092
+2,197,424
| +1,068% | +$3.15M |
|
3362
Marqeta
MQ
$1.7B
| $5.4M | ﹤0.01% |
277,462
-421,557
| -60% | -$7.65M |
|
3363
PUT
Bumble
BMBL
$358M
| $5.4M | ﹤0.01% |
321,800
-322,600
| -50% | -$5.57M |
|
|
TEN
3364
PUT
Tsakos Energy Navigation Ltd
TEN
$1.25B
| $5.39M | ﹤0.01% |
302,500
+95,500
| +46% | +$1.68M |
|
|
NEWR
3365
CALL
DELISTED
New Relic, Inc.
NEWR
| $5.38M | ﹤0.01% |
82,200
+24,400
| +42% | +$1.76M |
|
3366
PUT
Avery Dennison
AVY
$13.6B
| $5.38M | ﹤0.01% |
31,300
+11,500
| +58% | +$1.97M |
|
3367
PUT
ARK Web x.0 ETF
ARKW
$1.8B
| $5.37M | ﹤0.01% |
91,700
+2,500
| +3% | +$130K |
|
3368
PUT
Danaos Corp
DAC
$2.58B
| $5.37M | ﹤0.01% |
80,400
-174,000
| -68% | -$10.5M |
|
3369
PUT
Paylocity
PCTY
$7.87B
| $5.37M | ﹤0.01% |
29,100
-34,100
| -54% | -$6.24M |
|
3370
FlexShares Morningstar US Market Factors Tilt Index Fund
TILT
$2.27B
| $5.37M | ﹤0.01% |
31,845
+23,415
| +278% | +$3.73M |
|
3371
PUT
Middleby
MIDD
$5.33B
| $5.37M | ﹤0.01% |
36,300
+21,900
| +152% | +$3.09M |
|
3372
PUT
ProShares UltraPro Short Dow 30
SDOW
$186M
| $5.37M | ﹤0.01% |
56,200
-30,550
| -35% | -$3.13M |
|
3373
PUT
Voya Financial
VOYA
$9.2B
| $5.36M | ﹤0.01% |
74,800
-177,400
| -70% | -$12.7M |
|
|
ACH
3374
Accendra Health
ACH
$73.1M
| $5.36M | ﹤0.01% |
281,663
-38,149
| -12% | -$680K |
|
3375
Royal Gold
RGLD
$19.5B
| $5.36M | ﹤0.01% |
46,697
+22,120
| +90% | +$2.85M |
|
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.