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 | |
|---|---|---|---|---|---|---|
851
PUT
APA Corp
APA
$14.3B
| $62.2M | 0.01% |
1,821,300
+29,800
| +2% | +$1.04M |
|
852
CALL
Burlington
BURL
$23.5B
| $62.2M | 0.01% |
395,100
+41,900
| +12% | +$7.19M |
|
|
FL
853
PUT
DELISTED
Foot Locker
FL
| $62.2M | 0.01% |
2,292,700
+1,795,200
| +361% | +$61.1M |
|
854
CALL
Sarepta Therapeutics
SRPT
$1.77B
| $62M | 0.01% |
541,600
+25,000
| +5% | +$3.22M |
|
855
Deere & Co
DE
$163B
| $61.9M | 0.01% |
152,795
-92,511
| -38% | -$35.4M |
|
856
Cleveland-Cliffs
CLF
$7.18B
| $61.8M | 0.01% |
3,689,222
+1,343,188
| +57% | +$21.3M |
|
857
Delta Air Lines
DAL
$59B
| $61.7M | 0.01% |
1,297,271
-1,303,167
| -50% | -$48.1M |
|
858
PUT
Helen of Troy
HELE
$665M
| $61.6M | 0.01% |
570,300
+205,300
| +56% | +$19.7M |
|
859
RTX Corp
RTX
$303B
| $61.5M | 0.01% |
628,037
-331,788
| -35% | -$32.5M |
|
860
CALL
Vanguard High Dividend Yield ETF
VYM
$83.7B
| $61.4M | 0.01% |
579,300
+123,200
| +27% | +$12.9M |
|
861
Valero Energy
VLO
$90.5B
| $61.4M | 0.01% |
523,618
+116,055
| +28% | +$13.5M |
|
862
Vertex Pharmaceuticals
VRTX
$134B
| $61.3M | 0.01% |
174,286
-71,067
| -29% | -$23.9M |
|
863
CALL
Akamai
AKAM
$16.9B
| $61.3M | 0.01% |
682,300
+139,400
| +26% | +$11.9M |
|
864
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $61.2M | 0.01% |
1,331,600
-858,900
| -39% | -$39.1M |
|
865
CALL
PG&E
PCG
$37.9B
| $61.2M | 0.01% |
3,542,900
+1,055,900
| +42% | +$17.9M |
|
866
Freeport-McMoran
FCX
$98.7B
| $61.1M | 0.01% |
1,526,726
+114,203
| +8% | +$4.35M |
|
867
Li Auto
LI
$12.6B
| $60.9M | 0.01% |
1,736,207
+668,897
| +63% | +$18.8M |
|
868
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.44B
| $60.9M | 0.01% |
3,585,100
-1,401,200
| -28% | -$22.7M |
|
869
Inspire Medical Systems
INSP
$1.75B
| $60.9M | 0.01% |
187,490
+158,390
| +544% | +$45.3M |
|
870
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $60.8M | 0.01% |
126,997
+87,745
| +224% | +$39.9M |
|
871
CALL
Ferrari
RACE
$71.5B
| $60.7M | 0.01% |
186,800
-14,200
| -7% | -$4.14M |
|
872
CALL
Canadian Natural Resources
CNQ
$98B
| $60.5M | 0.01% |
2,151,400
+244,200
| +13% | +$6.97M |
|
873
Fortinet
FTNT
$121B
| $60.4M | 0.01% |
798,917
+341,350
| +75% | +$23.2M |
|
874
Crocs
CROX
$6.7B
| $60.2M | 0.01% |
535,352
+459,259
| +604% | +$54.7M |
|
875
PUT
Enovix
ENVX
$1.01B
| $60M | 0.01% |
3,803,543
+1,092,229
| +40% | +$12.7M |
|
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.