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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CUTR
8026
PUT
DELISTED
Cutera, Inc.
CUTR
| $636K | ﹤0.01% |
180,300
+158,400
| +723% | +$483K |
|
8027
RE/MAX Holdings
RMAX
$268M
| $636K | ﹤0.01% |
47,712
-20,768
| -30% | -$228K |
|
8028
Iridium Communications
IRDM
$5.32B
| $636K | ﹤0.01% |
15,444
-428,265
| -97% | -$17M |
|
8029
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.21B
| $636K | ﹤0.01% |
+18,276
| New | +$569K |
|
8030
Gladstone Investment Corp
GAIN
$649M
| $635K | ﹤0.01% |
44,877
+23,129
| +106% | +$319K |
|
8031
CALL
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$740M
| $635K | ﹤0.01% |
11,200
-67,700
| -86% | -$3.6M |
|
|
EFC
8032
Ellington Financial
EFC
$1.76B
| $634K | ﹤0.01% |
49,890
-8,801
| -15% | -$112K |
|
8033
CALL
First Trust Natural Gas ETF
FCG
$648M
| $634K | ﹤0.01% |
26,100
-38,100
| -59% | -$958K |
|
8034
Hyatt Hotels
H
$17.1B
| $633K | ﹤0.01% |
4,857
-22,382
| -82% | -$2.54M |
|
|
TIXT
8035
CALL
DELISTED
TELUS International
TIXT
| $633K | ﹤0.01% |
+73,800
| New | +$537K |
|
|
TE
8036
PUT
T1 Energy
TE
$1.51B
| $633K | ﹤0.01% |
338,400
-279,000
| -45% | -$753K |
|
8037
PUT
Americold
COLD
$4.25B
| $633K | ﹤0.01% |
20,900
+11,700
| +127% | +$327K |
|
|
SLCA
8038
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $632K | ﹤0.01% |
55,900
-76,700
| -58% | -$909K |
|
8039
Alector
ALEC
$219M
| $632K | ﹤0.01% |
79,205
-3,965
| -5% | -$23.5K |
|
8040
Safety Insurance
SAFT
$1.52B
| $632K | ﹤0.01% |
8,315
+5,019
| +152% | +$379K |
|
|
MTLS
8041
Materialise
MTLS
$400M
| $631K | ﹤0.01% |
96,154
-10,193
| -10% | -$60.2K |
|
8042
Xencor
XNCR
$1.74B
| $631K | ﹤0.01% |
29,730
+12,658
| +74% | +$241K |
|
8043
CALL
STAAR Surgical
STAA
$1.31B
| $630K | ﹤0.01% |
20,200
-49,500
| -71% | -$1.78M |
|
8044
State Street SPDR FactSet Innovative Technology ETF
XITK
$73.4M
| $630K | ﹤0.01% |
4,315
-549
| -11% | -$70.6K |
|
8045
iShares Morningstar US Equity ETF
ILCB
$1.32B
| $630K | ﹤0.01% |
9,582
-3,692
| -28% | -$227K |
|
8046
Columbia Financial
CLBK
$1.23B
| $630K | ﹤0.01% |
32,658
+7,767
| +31% | +$133K |
|
8047
CALL
New Mountain Finance
NMFC
$730M
| $630K | ﹤0.01% |
49,500
+24,300
| +96% | +$310K |
|
8048
Rayonier Advanced Materials
RYAM
$570M
| $630K | ﹤0.01% |
155,459
-446,787
| -74% | -$1.47M |
|
8049
Kiniksa Pharmaceuticals
KNSA
$5.99B
| $630K | ﹤0.01% |
35,893
-173,527
| -83% | -$2.85M |
|
8050
PUT
OneSpan
OSPN
$602M
| $629K | ﹤0.01% |
58,700
+38,800
| +195% | +$381K |
|
Similar funds
Susquehanna International Group's Q4 2023 Portfolio in Review
As of Q4 2023, Susquehanna International Group held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Susquehanna International Group's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Susquehanna International Group added most to Alibaba in Q4 2023, an estimated $422M increase.
- Susquehanna International Group's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Susquehanna International Group fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Susquehanna International Group's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Susquehanna International Group opened 1,903 new positions and closed 1,577 in Q4 2023.
- Susquehanna International Group's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.