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 | |
|---|---|---|---|---|---|---|
3651
PUT
Cincinnati Financial
CINF
$26.6B
| $4.58M | ﹤0.01% |
47,100
-10,800
| -19% | -$1.12M |
|
3652
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $4.58M | ﹤0.01% |
+60,923
| New | +$4.64M |
|
|
CARM
3653
CALL
DELISTED
Carisma Therapeutics
CARM
| $4.58M | ﹤0.01% |
522,500
-132,300
| -20% | -$720K |
|
|
FOLD
3654
DELISTED
Amicus Therapeutics
FOLD
| $4.58M | ﹤0.01% |
364,811
+48,340
| +15% | +$574K |
|
3655
CALL
Appian
APPN
$2.54B
| $4.58M | ﹤0.01% |
96,200
-28,800
| -23% | -$1.21M |
|
3656
Alto Ingredients
ALTO
$324M
| $4.56M | ﹤0.01% |
1,578,940
+1,419,939
| +893% | +$2.71M |
|
3657
AES
AES
$10.5B
| $4.56M | ﹤0.01% |
220,088
-148,349
| -40% | -$3.27M |
|
3658
CALL
Church & Dwight Co
CHD
$24B
| $4.56M | ﹤0.01% |
45,500
-49,700
| -52% | -$4.68M |
|
3659
CALL
Encompass Health
EHC
$12.2B
| $4.56M | ﹤0.01% |
67,300
+7,000
| +12% | +$439K |
|
3660
Invesco DB Commodity Index Tracking Fund
DBC
$1.73B
| $4.55M | ﹤0.01% |
+200,621
| New | +$4.65M |
|
3661
CALL
Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
$441M
| $4.55M | ﹤0.01% |
218,400
-13,800
| -6% | -$273K |
|
3662
PUT
Jackson Financial
JXN
$9.17B
| $4.55M | ﹤0.01% |
148,700
+12,300
| +9% | +$396K |
|
3663
Vanguard Russell 1000 ETF
VONE
$8.72B
| $4.55M | ﹤0.01% |
22,575
+16,962
| +302% | +$3.23M |
|
3664
CALL
ProShares UltraPro Short Russell2000
SRTY
$65.3M
| $4.54M | ﹤0.01% |
28,050
+18,100
| +182% | +$3.48M |
|
3665
Exponent
EXPO
$3.19B
| $4.54M | ﹤0.01% |
48,676
-16,451
| -25% | -$1.55M |
|
3666
CALL
Gaming and Leisure Properties
GLPI
$12.7B
| $4.54M | ﹤0.01% |
93,400
-131,500
| -58% | -$6.56M |
|
3667
PUT
Arrowhead Research
ARWR
$12.2B
| $4.53M | ﹤0.01% |
127,000
+14,200
| +13% | +$490K |
|
3668
Popular Inc
BPOP
$11.3B
| $4.52M | ﹤0.01% |
74,756
-61,670
| -45% | -$3.63M |
|
3669
ACI Worldwide
ACIW
$5.4B
| $4.52M | ﹤0.01% |
195,223
+114,403
| +142% | +$2.77M |
|
3670
IDT Corp
IDT
$1.66B
| $4.52M | ﹤0.01% |
174,945
+118,427
| +210% | +$3.66M |
|
|
VTLE
3671
DELISTED
Vital Energy
VTLE
| $4.52M | ﹤0.01% |
100,084
+90,940
| +995% | +$4.11M |
|
|
LAC
3672
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $4.52M | ﹤0.01% |
223,514
-29,358
| -12% | -$605K |
|
3673
Cheesecake Factory
CAKE
$5.64B
| $4.51M | ﹤0.01% |
130,436
+107,541
| +470% | +$3.56M |
|
3674
CALL
IPG Photonics
IPGP
$3.65B
| $4.51M | ﹤0.01% |
33,200
+24,400
| +277% | +$2.87M |
|
3675
CALL
iShares US Regional Banks ETF
IAT
$693M
| $4.51M | ﹤0.01% |
133,200
+48,300
| +57% | +$1.62M |
|
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.