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 | |
|---|---|---|---|---|---|---|
3701
Cohen & Steers
CNS
$4.36B
| $4.43M | ﹤0.01% |
76,445
+11,041
| +17% | +$645K |
|
3702
Enovix
ENVX
$958M
| $4.43M | ﹤0.01% |
280,547
-1,408,090
| -83% | -$16.4M |
|
3703
CALL
Invesco KBW Bank ETF
KBWB
$6.87B
| $4.42M | ﹤0.01% |
107,700
+54,900
| +104% | +$2.24M |
|
3704
CALL
Ultragenyx Pharmaceutical
RARE
$2.61B
| $4.41M | ﹤0.01% |
95,700
+18,300
| +24% | +$849K |
|
3705
CALL
Agilon Health
AGL
$1.63B
| $4.41M | ﹤0.01% |
10,180
-940
| -8% | -$528K |
|
|
AKRO
3706
DELISTED
Akero Therapeutics
AKRO
| $4.41M | ﹤0.01% |
94,463
-4,240
| -4% | -$194K |
|
3707
PUT
AllianceBernstein
AB
$3.41B
| $4.41M | ﹤0.01% |
137,100
+42,200
| +44% | +$1.44M |
|
3708
CALL
Mid-America Apartment Communities
MAA
$15.5B
| $4.4M | ﹤0.01% |
29,000
+14,200
| +96% | +$2.13M |
|
3709
CALL
Dover
DOV
$27.9B
| $4.4M | ﹤0.01% |
29,800
-24,600
| -45% | -$3.52M |
|
|
IRBT
3710
CALL
DELISTED
iRobot
IRBT
| $4.4M | ﹤0.01% |
97,200
-211,900
| -69% | -$8.46M |
|
|
NRGD
3711
DELISTED
MicroSectors US Big Oil -3x Inverse Leveraged ETN
NRGD
| $4.39M | ﹤0.01% |
13,189
-1,171
| -8% | -$397K |
|
3712
CALL
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.9M
| $4.39M | ﹤0.01% |
59,400
+6,800
| +13% | +$495K |
|
|
ASRT
3713
CALL
DELISTED
Assertio
ASRT
| $4.38M | ﹤0.01% |
53,927
+23,260
| +76% | +$2.16M |
|
3714
CALL
Camtek
CAMT
$7.72B
| $4.38M | ﹤0.01% |
122,800
+111,400
| +977% | +$3.19M |
|
3715
iShares MSCI World ETF
URTH
$8.39B
| $4.37M | ﹤0.01% |
35,127
-63,158
| -64% | -$7.58M |
|
3716
PUT
Reliance Steel & Aluminium
RS
$21.8B
| $4.37M | ﹤0.01% |
16,100
-11,100
| -41% | -$2.75M |
|
3717
The Ensign Group
ENSG
$10.6B
| $4.37M | ﹤0.01% |
45,795
-9,291
| -17% | -$875K |
|
3718
CNX Resources
CNX
$5.28B
| $4.37M | ﹤0.01% |
246,486
-114,115
| -32% | -$1.84M |
|
3719
Box
BOX
$4.52B
| $4.36M | ﹤0.01% |
148,341
-369,654
| -71% | -$10.2M |
|
3720
Sabre
SABR
$900M
| $4.36M | ﹤0.01% |
1,366,133
+502,143
| +58% | +$1.81M |
|
3721
CALL
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$740M
| $4.35M | ﹤0.01% |
72,500
+54,000
| +292% | +$3.26M |
|
3722
PUT
Snap-on
SNA
$20.9B
| $4.35M | ﹤0.01% |
15,100
+1,900
| +14% | +$492K |
|
|
STR
3723
DELISTED
Sitio Royalties
STR
| $4.35M | ﹤0.01% |
165,478
+48,301
| +41% | +$1.24M |
|
3724
CALL
Westrock Coffee
WEST
$823M
| $4.35M | ﹤0.01% |
399,900
+271,900
| +212% | +$3.15M |
|
|
TEN
3725
CALL
Tsakos Energy Navigation Ltd
TEN
$1.25B
| $4.34M | ﹤0.01% |
243,600
-16,200
| -6% | -$284K |
|
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.