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 | |
|---|---|---|---|---|---|---|
551
CALL
Veeva Systems
VEEV
$37.4B
| $115M | 0.02% |
579,100
+244,400
| +73% | +$44.6M |
|
552
Mastercard
MA
$493B
| $114M | 0.02% |
290,170
-194,347
| -40% | -$72.9M |
|
553
CrowdStrike
CRWD
$218B
| $114M | 0.02% |
3,102,212
+2,055,728
| +196% | +$71.6M |
|
554
Texas Instruments
TXN
$261B
| $113M | 0.02% |
630,363
+18,648
| +3% | +$3.21M |
|
555
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $113M | 0.02% |
1,045,616
+792,412
| +313% | +$85.7M |
|
556
PUT
Alcoa
AA
$13.2B
| $112M | 0.02% |
3,312,500
+430,800
| +15% | +$15.7M |
|
557
Qualcomm
QCOM
$176B
| $112M | 0.02% |
938,101
-583,264
| -38% | -$67M |
|
558
PUT
Marriott International
MAR
$92.3B
| $111M | 0.02% |
607,000
-494,600
| -45% | -$85.8M |
|
559
CALL
Constellation Brands
STZ
$23.2B
| $111M | 0.02% |
451,500
-21,000
| -4% | -$4.91M |
|
560
Abbott
ABT
$187B
| $111M | 0.02% |
1,016,593
+71,236
| +8% | +$7.59M |
|
561
CALL
Prudential Financial
PRU
$41.8B
| $110M | 0.02% |
1,250,800
+104,900
| +9% | +$8.78M |
|
|
562
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $109M | 0.02% |
1,011,600
-1,588,100
| -61% | -$172M |
|
563
PUT
Synopsys
SNPS
$79.7B
| $109M | 0.02% |
249,900
+165,700
| +197% | +$66.7M |
|
564
CALL
ON Semiconductor
ON
$31.6B
| $109M | 0.02% |
1,149,100
-761,000
| -40% | -$62.9M |
|
565
CALL
Norfolk Southern
NSC
$75.1B
| $109M | 0.02% |
479,200
+176,000
| +58% | +$37.4M |
|
566
PUT
Diamondback Energy
FANG
$52.7B
| $109M | 0.02% |
827,200
-1,031,900
| -56% | -$138M |
|
567
PUT
D.R. Horton
DHI
$42.3B
| $109M | 0.02% |
891,900
-20,100
| -2% | -$2.2M |
|
568
CALL
Vertex Pharmaceuticals
VRTX
$126B
| $108M | 0.02% |
307,300
+29,100
| +10% | +$9.8M |
|
569
CALL
Vanguard Information Technology ETF
VGT
$149B
| $108M | 0.02% |
1,952,800
+160,000
| +9% | +$8.03M |
|
570
Occidental Petroleum
OXY
$55.9B
| $107M | 0.02% |
1,828,038
+186,162
| +11% | +$11.2M |
|
|
571
PUT
Prudential Financial
PRU
$41.8B
| $107M | 0.02% |
1,218,100
+113,300
| +10% | +$9.48M |
|
|
HZNP
572
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $107M | 0.02% |
1,043,700
+956,400
| +1,096% | +$101M |
|
573
PUT
Align Technology
ALGN
$12.3B
| $107M | 0.02% |
303,200
-140,200
| -32% | -$44.6M |
|
574
PUT
BP
BP
$107B
| $107M | 0.02% |
3,038,000
-3,730,300
| -55% | -$138M |
|
575
Ford
F
$55.7B
| $107M | 0.02% |
7,072,166
-474,500
| -6% | -$6M |
|
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.