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 | |
|---|---|---|---|---|---|---|
|
JOYY
4726
CALL
JOYY Inc
JOYY
$3.68B
| $2.42M | ﹤0.01% |
78,700
+27,200
| +53% | +$797K |
|
4727
McGrath RentCorp
MGRC
$2.99B
| $2.42M | ﹤0.01% |
26,127
-28,278
| -52% | -$2.58M |
|
4728
ACV Auctions
ACVA
$1.4B
| $2.41M | ﹤0.01% |
139,676
+87,424
| +167% | +$1.34M |
|
4729
QuidelOrtho
QDEL
$981M
| $2.41M | ﹤0.01% |
29,083
-5,438
| -16% | -$476K |
|
4730
CALL
Progyny
PGNY
$2.02B
| $2.41M | ﹤0.01% |
61,200
-700
| -1% | -$25.3K |
|
4731
CVB Financial
CVBF
$4.09B
| $2.41M | ﹤0.01% |
181,275
-4,502
| -2% | -$62.1K |
|
4732
CALL
Avery Dennison
AVY
$13.6B
| $2.41M | ﹤0.01% |
14,000
-14,500
| -51% | -$2.48M |
|
|
AZUL
4733
CALL
DELISTED
Azul
AZUL
| $2.4M | ﹤0.01% |
175,600
-171,000
| -49% | -$1.56M |
|
|
SRC
4734
CALL
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $2.4M | ﹤0.01% |
61,000
+37,500
| +160% | +$1.45M |
|
4735
PUT
Alta Equipment Group
ALTG
$237M
| $2.4M | ﹤0.01% |
138,600
+17,300
| +14% | +$255K |
|
4736
CALL
SouthState Bank Corp
SSB
$10.8B
| $2.4M | ﹤0.01% |
36,500
+25,700
| +238% | +$1.72M |
|
4737
Bath & Body Works
BBWI
$3.91B
| $2.4M | ﹤0.01% |
64,008
-133,442
| -68% | -$4.88M |
|
4738
PUT
iShares US Regional Banks ETF
IAT
$693M
| $2.4M | ﹤0.01% |
70,900
-67,700
| -49% | -$2.28M |
|
|
AZEK
4739
CALL
DELISTED
The AZEK Co
AZEK
| $2.4M | ﹤0.01% |
79,200
+45,900
| +138% | +$1.19M |
|
4740
CALL
Fox Factory Holding Corp
FOXF
$883M
| $2.4M | ﹤0.01% |
22,100
+16,600
| +302% | +$1.7M |
|
4741
Intapp
INTA
$3.07B
| $2.4M | ﹤0.01% |
57,216
+4,246
| +8% | +$183K |
|
4742
AeroVironment
AVAV
$9.76B
| $2.4M | ﹤0.01% |
23,442
+2,533
| +12% | +$255K |
|
4743
PUT
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $2.4M | ﹤0.01% |
52,800
-9,200
| -15% | -$390K |
|
4744
PUT
Murphy USA
MUSA
$10.5B
| $2.4M | ﹤0.01% |
7,700
-1,000
| -11% | -$280K |
|
4745
PUT
STMicroelectronics
STM
$48.5B
| $2.39M | ﹤0.01% |
47,900
-45,600
| -49% | -$2.11M |
|
4746
CALL
Fomento Económico Mexicano
FMX
$40.3B
| $2.39M | ﹤0.01% |
21,600
+14,000
| +184% | +$1.41M |
|
4747
CALL
Ligand Pharmaceuticals
LGND
$5.87B
| $2.39M | ﹤0.01% |
33,200
-7,400
| -18% | -$555K |
|
4748
PUT
Invesco DB Commodity Index Tracking Fund
DBC
$1.73B
| $2.39M | ﹤0.01% |
105,400
+14,600
| +16% | +$339K |
|
4749
CALL
Haemonetics
HAE
$4.13B
| $2.39M | ﹤0.01% |
28,100
+5,900
| +27% | +$499K |
|
4750
CALL
CBRE Group
CBRE
$44.3B
| $2.39M | ﹤0.01% |
29,600
-140,800
| -83% | -$10.5M |
|
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.