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 | |
|---|---|---|---|---|---|---|
9051
ProShares UltraShort NASDAQ Biotechnology
BIS
$2.09M
| $354K | ﹤0.01% |
8,497
-552
| -6% | -$21.9K |
|
9052
CALL
Kodak
KODK
$979M
| $353K | ﹤0.01% |
76,500
-63,700
| -45% | -$269K |
|
9053
PUT
Veru
VERU
$46.5M
| $353K | ﹤0.01% |
29,680
+4,500
| +18% | +$52.7K |
|
|
REVG
9054
DELISTED
REV Group
REVG
| $353K | ﹤0.01% |
26,610
+12,237
| +85% | +$140K |
|
|
NOAH
9055
Noah Holdings
NOAH
$592M
| $353K | ﹤0.01% |
25,039
-6,797
| -21% | -$106K |
|
9056
Nuveen ESG Emerging Markets Equity ETF
NUEM
$401M
| $352K | ﹤0.01% |
12,907
-24,591
| -66% | -$661K |
|
9057
Keros Therapeutics
KROS
$200M
| $352K | ﹤0.01% |
8,770
-17,783
| -67% | -$780K |
|
9058
PUT
Organogenesis Holdings
ORGO
$230M
| $352K | ﹤0.01% |
106,100
+800
| +0.8% | +$2.36K |
|
9059
PUT
Gladstone Investment Corp
GAIN
$649M
| $352K | ﹤0.01% |
27,000
-8,000
| -23% | -$105K |
|
9060
Global X Adaptive US Factor ETF
AUSF
$918M
| $352K | ﹤0.01% |
11,059
-24,569
| -69% | -$752K |
|
9061
CALL
Broadstone Net Lease
BNL
$4.38B
| $352K | ﹤0.01% |
22,800
-14,300
| -39% | -$229K |
|
9062
Companhia Siderúrgica Nacional
SID
$1.17B
| $352K | ﹤0.01% |
135,840
-152,871
| -53% | -$421K |
|
9063
CALL
Cyclerion Therapeutics
CYCN
$17.7M
| $352K | ﹤0.01% |
85,600
+81,320
| +1,900% | +$421K |
|
9064
Amplify BlueStar Israel Technology ETF
ITEQ
$119M
| $352K | ﹤0.01% |
+7,607
| New | +$345K |
|
9065
CALL
ADMA Biologics
ADMA
$2.12B
| $351K | ﹤0.01% |
95,200
+4,900
| +5% | +$18.2K |
|
9066
National Presto Industries
NPK
$1B
| $351K | ﹤0.01% |
4,797
+989
| +26% | +$72.7K |
|
9067
CALL
Core Laboratories
CLB
$571M
| $351K | ﹤0.01% |
15,100
-14,500
| -49% | -$328K |
|
|
XRLV
9068
DELISTED
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV
| $351K | ﹤0.01% |
7,354
-8,290
| -53% | -$394K |
|
|
KREF
9069
KKR Real Estate Finance Trust
KREF
$490M
| $351K | ﹤0.01% |
28,841
-27,911
| -49% | -$314K |
|
9070
CALL
Cytek Biosciences
CTKB
$610M
| $351K | ﹤0.01% |
+41,100
| New | +$369K |
|
9071
Nicolet Bankshares
NIC
$3.75B
| $351K | ﹤0.01% |
5,167
-14,801
| -74% | -$938K |
|
9072
CALL
Compass
COMP
$9.99B
| $351K | ﹤0.01% |
100,200
-28,200
| -22% | -$92.5K |
|
|
SPPI
9073
CALL
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $351K | ﹤0.01% |
365,300
+72,800
| +25% | +$71.9K |
|
9074
CALL
Loews
L
$23.1B
| $350K | ﹤0.01% |
5,900
-10,300
| -64% | -$596K |
|
9075
Novartis
NVS
$287B
| $350K | ﹤0.01% |
3,470
-10,036
| -74% | -$1M |
|
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.