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 | |
|---|---|---|---|---|---|---|
|
AYX
651
DELISTED
Alteryx Inc
AYX
| $92.6M | 0.02% |
2,038,590
-980,406
| -32% | -$42.9M |
|
652
CALL
Archer Daniels Midland
ADM
$36.9B
| $91.8M | 0.02% |
1,214,700
+401,600
| +49% | +$30.4M |
|
653
PUT
ON Semiconductor
ON
$31.6B
| $91M | 0.02% |
962,400
-952,500
| -50% | -$78.8M |
|
654
Northrop Grumman
NOC
$81.2B
| $90.8M | 0.02% |
199,314
-2,729
| -1% | -$1.24M |
|
655
PUT
Philip Morris
PM
$295B
| $90.7M | 0.02% |
929,600
-45,500
| -5% | -$4.35M |
|
656
PUT
TransDigm Group
TDG
$67.7B
| $90.7M | 0.02% |
101,400
+2,600
| +3% | +$2.06M |
|
657
Enphase Energy
ENPH
$5.53B
| $90.6M | 0.02% |
540,995
+252,704
| +88% | +$45.2M |
|
658
PUT
Automatic Data Processing
ADP
$108B
| $90.6M | 0.02% |
412,100
-299,700
| -42% | -$64.6M |
|
659
Payoneer
PAYO
$2.41B
| $90.5M | 0.02% |
18,819,651
| – | – |
|
660
CALL
C3.ai
AI
$1.59B
| $90.5M | 0.02% |
2,483,300
+129,700
| +6% | +$3.65M |
|
661
CALL
Zillow
Z
$7.56B
| $90.3M | 0.02% |
1,795,800
+438,800
| +32% | +$20.2M |
|
662
CALL
DexCom
DXCM
$32B
| $90M | 0.02% |
700,700
+367,900
| +111% | +$44.5M |
|
663
CALL
US Bancorp
USB
$99.6B
| $90M | 0.02% |
2,724,300
+918,900
| +51% | +$29.7M |
|
664
CALL
SLB Ltd
SLB
$75B
| $89.3M | 0.02% |
1,817,200
-1,318,900
| -42% | -$62.9M |
|
665
CALL
Capital One
COF
$134B
| $89M | 0.02% |
813,500
+254,400
| +46% | +$25.5M |
|
|
WBA
666
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $88.8M | 0.02% |
3,116,700
-142,100
| -4% | -$4.63M |
|
|
FISV
667
PUT
Fiserv Inc
FISV
$27.9B
| $88.4M | 0.02% |
700,800
-297,500
| -30% | -$35M |
|
668
PUT
KB Home
KBH
$3.59B
| $88.4M | 0.02% |
1,709,600
-178,700
| -9% | -$8.06M |
|
669
PUT
GitLab
GTLB
$6.58B
| $88.4M | 0.02% |
1,729,500
+575,100
| +50% | +$21.4M |
|
670
CALL
AstraZeneca
AZN
$250B
| $88.2M | 0.02% |
616,400
+112,900
| +22% | +$16.6M |
|
671
Neogen
NEOG
$2.5B
| $88M | 0.02% |
4,047,735
-780,461
| -16% | -$14.1M |
|
|
CTRA
672
CALL
DELISTED
Coterra Energy
CTRA
| $87.9M | 0.02% |
3,472,900
+80,200
| +2% | +$1.99M |
|
673
PUT
Norfolk Southern
NSC
$75.1B
| $87.7M | 0.02% |
386,900
+64,300
| +20% | +$13.7M |
|
674
CALL
iShares Russell 1000 Growth ETF
IWF
$128B
| $87.6M | 0.02% |
1,273,200
+368,800
| +41% | +$23.5M |
|
675
PUT
Pool Corp
POOL
$7.5B
| $87.4M | 0.02% |
233,300
+101,000
| +76% | +$34.5M |
|
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.