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 | |
|---|---|---|---|---|---|---|
|
ARGO
6976
CALL
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $865K | ﹤0.01% |
29,200
+21,400
| +274% | +$630K |
|
6977
CALL
Ardelyx
ARDX
$1.05B
| $864K | ﹤0.01% |
254,900
-998,300
| -80% | -$4.09M |
|
6978
Benchmark Electronics
BHE
$2.99B
| $864K | ﹤0.01% |
33,445
-14,466
| -30% | -$335K |
|
6979
CALL
G-III Apparel Group
GIII
$1.41B
| $863K | ﹤0.01% |
44,800
+33,300
| +290% | +$573K |
|
6980
PUT
Century Aluminum
CENX
$4.68B
| $862K | ﹤0.01% |
98,900
-3,300
| -3% | -$28.7K |
|
6981
PUT
Rocket Pharmaceuticals
RCKT
$378M
| $862K | ﹤0.01% |
43,400
+23,300
| +116% | +$471K |
|
6982
Standex International
SXI
$3.98B
| $862K | ﹤0.01% |
6,093
+662
| +12% | +$87.4K |
|
6983
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.11B
| $862K | ﹤0.01% |
14,927
-92,459
| -86% | -$5.09M |
|
|
PDCO
6984
PUT
DELISTED
Patterson Companies, Inc.
PDCO
| $861K | ﹤0.01% |
25,900
+2,700
| +12% | +$74.4K |
|
6985
Reynolds Consumer Products
REYN
$5.45B
| $861K | ﹤0.01% |
30,489
-5,005
| -14% | -$139K |
|
6986
PUT
Equinox Gold
EQX
$14B
| $861K | ﹤0.01% |
188,000
-29,100
| -13% | -$146K |
|
6987
CALL
Invesco S&P 500 Pure Value ETF
RPV
$1.75B
| $861K | ﹤0.01% |
+11,100
| New | +$829K |
|
6988
PUT
Madison Square Garden
MSGE
$4.02B
| $861K | ﹤0.01% |
+25,600
| New | +$878K |
|
6989
Vanguard Total International Stock ETF
VXUS
$165B
| $860K | ﹤0.01% |
15,344
+1,747
| +13% | +$97.7K |
|
6990
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$9.5B
| $860K | ﹤0.01% |
35,744
-379,798
| -91% | -$9.01M |
|
|
GER
6991
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
| $859K | ﹤0.01% |
+54,733
| New | +$753K |
|
|
GMS
6992
PUT
DELISTED
GMS Inc
GMS
| $858K | ﹤0.01% |
12,400
+5,200
| +72% | +$321K |
|
|
BLDP
6993
CALL
Ballard Power Systems
BLDP
$790M
| $858K | ﹤0.01% |
196,800
-9,700
| -5% | -$44.2K |
|
6994
Embecta
EMBC
$284M
| $858K | ﹤0.01% |
39,720
-49,414
| -55% | -$1.35M |
|
6995
PUT
Kanzhun
BZ
$6.95B
| $858K | ﹤0.01% |
57,000
+10,200
| +22% | +$171K |
|
6996
PUT
W.R. Berkley
WRB
$26.1B
| $858K | ﹤0.01% |
21,600
+5,700
| +36% | +$224K |
|
|
AVTA
6997
DELISTED
Avantax, Inc. Common Stock
AVTA
| $857K | ﹤0.01% |
38,272
+15,061
| +65% | +$355K |
|
6998
PUT
Trinity Industries
TRN
$2.4B
| $856K | ﹤0.01% |
33,300
+23,600
| +243% | +$540K |
|
6999
PUT
Vanguard Consumer Staples ETF
VDC
$7.95B
| $856K | ﹤0.01% |
4,400
-4,600
| -51% | -$899K |
|
7000
Universal Insurance Holdings
UVE
$1.18B
| $855K | ﹤0.01% |
55,424
-6,903
| -11% | -$114K |
|
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.