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 | |
|---|---|---|---|---|---|---|
3401
PUT
Natera
NTRA
$44.7B
| $5.29M | ﹤0.01% |
108,800
+35,400
| +48% | +$1.81M |
|
3402
CALL
US Foods
USFD
$23.6B
| $5.29M | ﹤0.01% |
120,300
-221,500
| -65% | -$8.79M |
|
3403
Hubbell
HUBB
$27B
| $5.29M | ﹤0.01% |
15,961
+1,481
| +10% | +$410K |
|
3404
CALL
Establishment Labs
ESTA
$2.37B
| $5.29M | ﹤0.01% |
77,100
+53,400
| +225% | +$3.69M |
|
3405
PUT
ResMed
RMD
$32.6B
| $5.29M | ﹤0.01% |
24,200
+7,200
| +42% | +$1.6M |
|
3406
Henry Schein
HSIC
$10B
| $5.29M | ﹤0.01% |
65,193
-30,363
| -32% | -$2.4M |
|
3407
Vanguard International Dividend Appreciation ETF
VIGI
$9.29B
| $5.29M | ﹤0.01% |
+70,397
| New | +$5.3M |
|
3408
State Street SPDR S&P Homebuilders ETF
XHB
$1.59B
| $5.28M | ﹤0.01% |
65,701
-121,003
| -65% | -$8.67M |
|
3409
CALL
CONMED
CNMD
$1.51B
| $5.27M | ﹤0.01% |
38,800
+31,700
| +446% | +$3.87M |
|
3410
PUT
Vanguard Total International Stock ETF
VXUS
$164B
| $5.27M | ﹤0.01% |
94,000
-78,300
| -45% | -$4.38M |
|
3411
Jefferies Financial Group
JEF
$12.7B
| $5.26M | ﹤0.01% |
158,717
-70,994
| -31% | -$2.22M |
|
3412
CarMax
KMX
$8.5B
| $5.26M | ﹤0.01% |
62,876
-96,876
| -61% | -$7.09M |
|
3413
Pennant Group
PNTG
$1.37B
| $5.26M | ﹤0.01% |
428,532
-31,861
| -7% | -$405K |
|
3414
Omnicell
OMCL
$1.7B
| $5.26M | ﹤0.01% |
71,382
-58,797
| -45% | -$3.97M |
|
3415
iShares MSCI USA Min Vol Factor ETF
USMV
$24.5B
| $5.26M | ﹤0.01% |
+70,735
| New | +$5.17M |
|
3416
CALL
New York Times
NYT
$10.4B
| $5.26M | ﹤0.01% |
133,500
-81,100
| -38% | -$3.08M |
|
3417
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.87B
| $5.26M | ﹤0.01% |
+223,869
| New | +$5.3M |
|
3418
iShares Global Consumer Staples ETF
KXI
$1.07B
| $5.26M | ﹤0.01% |
85,893
+80,626
| +1,531% | +$5.02M |
|
3419
PUT
Cooper Companies
COO
$14.9B
| $5.25M | ﹤0.01% |
54,800
+25,200
| +85% | +$2.36M |
|
|
AVDL
3420
PUT
DELISTED
Avadel Pharmaceuticals
AVDL
| $5.25M | ﹤0.01% |
318,700
+124,300
| +64% | +$1.62M |
|
3421
State Street SPDR S&P Dividend ETF
SDY
$22.2B
| $5.25M | ﹤0.01% |
42,840
+37,432
| +692% | +$4.57M |
|
3422
CALL
Warrior Met Coal
HCC
$5.19B
| $5.25M | ﹤0.01% |
134,700
+52,300
| +63% | +$1.89M |
|
3423
CALL
Legend Biotech
LEGN
$3.95B
| $5.25M | ﹤0.01% |
76,000
-4,300
| -5% | -$281K |
|
3424
CALL
Neogen
NEOG
$2.54B
| $5.25M | ﹤0.01% |
241,200
+106,400
| +79% | +$1.92M |
|
3425
CALL
2x Long VIX Futures ETF
UVIX
$200M
| $5.24M | ﹤0.01% |
588
+128
| +28% | +$2.49M |
|
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.