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 | 1.06% |
| 5 | Healthcare | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
CALL
Dollar General
DG
$27.9B
| $128M | 0.03% |
753,300
+233,500
| +45% | +$46.2M |
|
502
PUT
C3.ai
AI
$1.59B
| $128M | 0.03% |
3,508,900
+2,391,200
| +214% | +$67.4M |
|
|
FISV
503
CALL
Fiserv Inc
FISV
$27.9B
| $128M | 0.03% |
1,012,500
+201,900
| +25% | +$23.8M |
|
504
PUT
Analog Devices
ADI
$190B
| $128M | 0.03% |
654,700
-105,900
| -14% | -$19.6M |
|
505
PUT
O'Reilly Automotive
ORLY
$76.3B
| $127M | 0.03% |
1,998,000
+835,500
| +72% | +$51M |
|
506
PUT
Cameco
CCJ
$42.4B
| $127M | 0.03% |
4,054,800
+1,762,900
| +77% | +$49.6M |
|
507
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $127M | 0.03% |
264,700
-72,100
| -21% | -$32.8M |
|
|
SPLK
508
CALL
DELISTED
Splunk Inc
SPLK
| $127M | 0.03% |
1,194,000
+107,500
| +10% | +$10.2M |
|
|
509
CALL
Cameco
CCJ
$42.4B
| $127M | 0.03% |
4,042,100
-1,079,100
| -21% | -$30.3M |
|
510
PUT
AB InBev
BUD
$165B
| $127M | 0.03% |
2,231,900
+1,470,400
| +193% | +$88.9M |
|
511
CALL
Marathon Petroleum
MPC
$83.7B
| $126M | 0.03% |
1,083,800
-813,800
| -43% | -$94.6M |
|
512
PUT
Cheniere Energy
LNG
$52.9B
| $126M | 0.03% |
824,400
+14,700
| +2% | +$2.18M |
|
513
JD.com
JD
$44.5B
| $125M | 0.03% |
3,675,284
+35,966
| +1% | +$1.31M |
|
514
PUT
Old Dominion Freight Line
ODFL
$44.9B
| $124M | 0.03% |
673,000
+69,600
| +12% | +$11.3M |
|
515
PUT
DraftKings
DKNG
$11.9B
| $124M | 0.03% |
4,678,800
-467,500
| -9% | -$10.8M |
|
516
PUT
Twilio
TWLO
$36.6B
| $124M | 0.03% |
1,947,000
+25,700
| +1% | +$1.52M |
|
517
CALL
Phillips 66
PSX
$81.4B
| $123M | 0.03% |
1,292,000
-592,600
| -31% | -$57.6M |
|
518
CALL
Stryker
SYK
$130B
| $123M | 0.03% |
402,400
-33,800
| -8% | -$9.76M |
|
519
PUT
Illumina
ILMN
$28.4B
| $123M | 0.02% |
672,518
+191,003
| +40% | +$38.7M |
|
520
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
| $122M | 0.02% |
3,628,171
-1,895,223
| -34% | -$61.9M |
|
521
PUT
Darden Restaurants
DRI
$24.4B
| $122M | 0.02% |
731,500
+230,200
| +46% | +$36.2M |
|
522
CALL
Take-Two Interactive
TTWO
$46.1B
| $122M | 0.02% |
830,300
+203,300
| +32% | +$26.6M |
|
|
523
CALL
Illumina
ILMN
$28.4B
| $122M | 0.02% |
666,452
-13,262
| -2% | -$2.68M |
|
524
CALL
HubSpot
HUBS
$10.5B
| $122M | 0.02% |
228,400
-3,000
| -1% | -$1.41M |
|
525
CALL
Norwegian Cruise Line
NCLH
$8.84B
| $121M | 0.02% |
5,578,400
+2,563,400
| +85% | +$39.2M |
|
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.