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 | |
|---|---|---|---|---|---|---|
4226
CALL
Customers Bancorp
CUBI
$2.82B
| $3.2M | ﹤0.01% |
105,800
+17,900
| +20% | +$401K |
|
4227
PUT
Freshworks
FRSH
$3.5B
| $3.2M | ﹤0.01% |
182,100
+101,300
| +125% | +$1.52M |
|
4228
CALL
Ametek
AME
$58.4B
| $3.19M | ﹤0.01% |
19,700
-41,500
| -68% | -$6.06M |
|
4229
Aemetis
AMTX
$128M
| $3.18M | ﹤0.01% |
433,947
+249,446
| +135% | +$948K |
|
|
ARNC
4230
PUT
DELISTED
Arconic Corporation
ARNC
| $3.18M | ﹤0.01% |
107,500
-209,000
| -66% | -$5.77M |
|
4231
CALL
MKS Inc
MKSI
$21B
| $3.18M | ﹤0.01% |
29,400
+1,200
| +4% | +$110K |
|
4232
H.B. Fuller
FUL
$3.38B
| $3.18M | ﹤0.01% |
44,422
-6,797
| -13% | -$447K |
|
|
ZUO
4233
DELISTED
Zuora, Inc.
ZUO
| $3.17M | ﹤0.01% |
289,361
+100,205
| +53% | +$949K |
|
4234
Phillips Edison & Co
PECO
$5.21B
| $3.17M | ﹤0.01% |
93,135
-22,612
| -20% | -$706K |
|
|
SA
4235
CALL
Seabridge Gold
SA
$3.62B
| $3.17M | ﹤0.01% |
263,000
-135,500
| -34% | -$1.84M |
|
|
MOMO
4236
Hello Group
MOMO
$850M
| $3.17M | ﹤0.01% |
329,456
-14,751
| -4% | -$130K |
|
|
NATI
4237
PUT
DELISTED
National Instruments Corp
NATI
| $3.16M | ﹤0.01% |
55,100
-363,600
| -87% | -$20.8M |
|
4238
Lifecore Biomedical
LFCR
$179M
| $3.16M | ﹤0.01% |
327,015
+274,103
| +518% | +$1.67M |
|
|
AQNU
4239
DELISTED
Algonquin Power & Utilities Corp Units
AQNU
| $3.16M | ﹤0.01% |
107,100
-205,000
| -66% | -$6.15M |
|
4240
HUB Group
HUBG
$2.46B
| $3.16M | ﹤0.01% |
78,656
+39,016
| +98% | +$1.51M |
|
|
WW
4241
DELISTED
WW International
WW
| $3.16M | ﹤0.01% |
469,906
-67,023
| -12% | -$475K |
|
4242
PUT
Concentrix
CNXC
$1.49B
| $3.16M | ﹤0.01% |
39,100
-22,500
| -37% | -$2.1M |
|
4243
CALL
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.45B
| $3.16M | ﹤0.01% |
41,000
+28,700
| +233% | +$2.09M |
|
|
UFOX
4244
Defiance Space and Connective Tech ETF
UFOX
$923M
| $3.15M | ﹤0.01% |
93,629
+32,031
| +52% | +$1.02M |
|
4245
PUT
Caleres
CAL
$449M
| $3.15M | ﹤0.01% |
131,700
+57,400
| +77% | +$1.29M |
|
4246
United Natural Foods
UNFI
$2.93B
| $3.15M | ﹤0.01% |
161,156
-51,905
| -24% | -$1.3M |
|
4247
PUT
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.9M
| $3.15M | ﹤0.01% |
42,600
-3,500
| -8% | -$255K |
|
4248
PUT
Suburban Propane Partners
SPH
$1.18B
| $3.15M | ﹤0.01% |
212,600
-143,200
| -40% | -$2.17M |
|
4249
Insight Enterprises
NSIT
$4.53B
| $3.14M | ﹤0.01% |
21,473
+5,313
| +33% | +$713K |
|
|
NGMS
4250
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
| $3.14M | ﹤0.01% |
+120,259
| New | +$2.51M |
|
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.