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 | |
|---|---|---|---|---|---|---|
4651
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.38B
| $2.51M | ﹤0.01% |
30,504
+4,576
| +18% | +$356K |
|
4652
CALL
Nerdy
NRDY
$90.4M
| $2.5M | ﹤0.01% |
600,200
+47,300
| +9% | +$168K |
|
4653
PUT
Jefferies Financial Group
JEF
$12.7B
| $2.5M | ﹤0.01% |
75,400
-104,200
| -58% | -$3.25M |
|
4654
iShares Russell Mid-Cap Value ETF
IWS
$16.1B
| $2.5M | ﹤0.01% |
22,767
+7,990
| +54% | +$842K |
|
4655
Tronox
TROX
$952M
| $2.5M | ﹤0.01% |
196,599
+144,018
| +274% | +$1.81M |
|
4656
CALL
Stem
STEM
$61M
| $2.49M | ﹤0.01% |
21,795
-4,030
| -16% | -$400K |
|
4657
CALL
BancFirst
BANF
$3.89B
| $2.49M | ﹤0.01% |
27,100
+7,000
| +35% | +$589K |
|
4658
PUT
Ametek
AME
$58.4B
| $2.49M | ﹤0.01% |
15,400
+6,600
| +75% | +$964K |
|
4659
Northern Oil and Gas
NOG
$2.61B
| $2.49M | ﹤0.01% |
72,625
-22,792
| -24% | -$738K |
|
4660
PUT
Alkermes
ALKS
$8.23B
| $2.49M | ﹤0.01% |
79,500
+13,900
| +21% | +$421K |
|
4661
Morningstar
MORN
$7.78B
| $2.49M | ﹤0.01% |
12,690
+8,099
| +176% | +$1.6M |
|
4662
PUT
Extra Space Storage
EXR
$31.2B
| $2.49M | ﹤0.01% |
16,700
-1,800
| -10% | -$271K |
|
4663
CALL
Deutsche Bank
DB
$72.5B
| $2.49M | ﹤0.01% |
236,000
-997,300
| -81% | -$10.5M |
|
4664
PUT
UGI
UGI
$7.59B
| $2.48M | ﹤0.01% |
92,100
+79,300
| +620% | +$2.41M |
|
4665
PUT
Invesco KBW Bank ETF
KBWB
$6.87B
| $2.48M | ﹤0.01% |
60,500
-81,400
| -57% | -$3.31M |
|
4666
Malibu Boats
MBUU
$576M
| $2.48M | ﹤0.01% |
42,300
+6,742
| +19% | +$378K |
|
4667
Bausch Health
BHC
$2.43B
| $2.48M | ﹤0.01% |
310,094
+212,925
| +219% | +$1.57M |
|
|
HIMX
4668
PUT
Himax Technologies
HIMX
$2.66B
| $2.48M | ﹤0.01% |
367,200
-113,500
| -24% | -$796K |
|
4669
PUT
Fluence Energy
FLNC
$2.43B
| $2.48M | ﹤0.01% |
93,000
+32,600
| +54% | +$729K |
|
4670
CALL
Trinity Industries
TRN
$2.36B
| $2.48M | ﹤0.01% |
96,300
+62,700
| +187% | +$1.43M |
|
4671
AppFolio
APPF
$7.23B
| $2.48M | ﹤0.01% |
14,380
-3,242
| -18% | -$472K |
|
4672
Hyatt Hotels
H
$17.1B
| $2.47M | ﹤0.01% |
21,584
-39,180
| -64% | -$4.43M |
|
|
INFN
4673
DELISTED
Infinera Corporation Common Stock
INFN
| $2.47M | ﹤0.01% |
511,344
+297,300
| +139% | +$1.63M |
|
4674
PUT
RUM Group Inc
RUM
$3.7B
| $2.47M | ﹤0.01% |
276,700
-7,500
| -3% | -$70.6K |
|
4675
CALL
Service Corp International
SCI
$11.5B
| $2.47M | ﹤0.01% |
38,200
-168,900
| -82% | -$11.3M |
|
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.