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 | |
|---|---|---|---|---|---|---|
4051
PUT
Allison Transmission
ALSN
$10.4B
| $3.54M | ﹤0.01% |
62,700
+44,700
| +248% | +$2.2M |
|
4052
CALL
FuelCell Energy
FCEL
$1.79B
| $3.54M | ﹤0.01% |
54,630
-4,473
| -8% | -$304K |
|
4053
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $3.54M | ﹤0.01% |
93,900
-57,100
| -38% | -$2.11M |
|
|
BERY
4054
PUT
DELISTED
Berry Global Group, Inc.
BERY
| $3.54M | ﹤0.01% |
59,895
+45,302
| +310% | +$2.47M |
|
|
RVNC
4055
DELISTED
Revance Therapeutics, Inc.
RVNC
| $3.54M | ﹤0.01% |
139,738
+86,073
| +160% | +$2.68M |
|
|
LPRO
4056
DELISTED
Open Lending Corp
LPRO
| $3.54M | ﹤0.01% |
336,397
+293,663
| +687% | +$2.6M |
|
4057
CALL
Fabrinet
FN
$20.4B
| $3.53M | ﹤0.01% |
27,200
+23,600
| +656% | +$2.52M |
|
4058
Invesco BulletShares 2030 Corporate Bond ETF
BSCU
$2.69B
| $3.53M | ﹤0.01% |
218,011
+161,926
| +289% | +$2.65M |
|
4059
iShares US Industrials ETF
IYJ
$1.97B
| $3.53M | ﹤0.01% |
33,291
+2,652
| +9% | +$265K |
|
4060
Invesco S&P 500 Pure Growth ETF
RPG
$2.1B
| $3.53M | ﹤0.01% |
115,640
-16,115
| -12% | -$482K |
|
|
ENLC
4061
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $3.53M | ﹤0.01% |
332,811
+237,186
| +248% | +$2.36M |
|
|
WRK
4062
DELISTED
WestRock Company
WRK
| $3.53M | ﹤0.01% |
121,340
-97,068
| -44% | -$2.82M |
|
4063
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $3.53M | ﹤0.01% |
+59,802
| New | +$3.58M |
|
4064
CALL
Designer Brands
DBI
$311M
| $3.53M | ﹤0.01% |
349,200
+239,300
| +218% | +$1.98M |
|
|
4065
CALL
Allison Transmission
ALSN
$10.4B
| $3.52M | ﹤0.01% |
62,400
-7,400
| -11% | -$364K |
|
|
FRG
4066
DELISTED
Franchise Group, Inc.
FRG
| $3.52M | ﹤0.01% |
123,009
-29,466
| -19% | -$844K |
|
4067
CALL
AST SpaceMobile
ASTS
$21.3B
| $3.52M | ﹤0.01% |
749,200
-494,300
| -40% | -$2.56M |
|
4068
Nexstar Media Group
NXST
$5.84B
| $3.52M | ﹤0.01% |
21,138
+10,969
| +108% | +$1.82M |
|
4069
Avantis US Equity ETF
AVUS
$14.5B
| $3.52M | ﹤0.01% |
46,799
-35,954
| -43% | -$2.57M |
|
4070
CALL
Exelixis
EXEL
$12.7B
| $3.52M | ﹤0.01% |
184,100
-108,500
| -37% | -$2.09M |
|
4071
PUT
Elanco Animal Health
ELAN
$11.8B
| $3.52M | ﹤0.01% |
349,700
+169,300
| +94% | +$1.57M |
|
|
MDC
4072
CALL
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.52M | ﹤0.01% |
75,200
-19,000
| -20% | -$791K |
|
4073
PUT
Revvity
RVTY
$13B
| $3.52M | ﹤0.01% |
29,600
-34,100
| -54% | -$4.19M |
|
4074
PUT
PureCycle Technologies
PCT
$1.4B
| $3.51M | ﹤0.01% |
328,700
-559,500
| -63% | -$4.05M |
|
4075
New Oriental
EDU
$8.36B
| $3.51M | ﹤0.01% |
88,927
-38,901
| -30% | -$1.56M |
|
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.