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 | |
|---|---|---|---|---|---|---|
976
PUT
Chewy
CHWY
$9.25B
| $51M | 0.01% |
1,290,900
-830,700
| -39% | -$28.9M |
|
977
PUT
Antero Resources
AR
$11.4B
| $50.9M | 0.01% |
2,208,000
+676,900
| +44% | +$15M |
|
978
PUT
State Street SPDR S&P Retail ETF
XRT
$652M
| $50.6M | 0.01% |
794,400
-1,052,800
| -57% | -$64.6M |
|
|
BNY
979
CALL
Bank of New York Mellon
BNY
$108B
| $50.6M | 0.01% |
1,137,300
-226,700
| -17% | -$9.73M |
|
980
CALL
Cognizant
CTSH
$26.3B
| $50.6M | 0.01% |
774,400
+385,400
| +99% | +$23.9M |
|
|
P
981
PUT
Everpure Inc
P
$32.6B
| $50.3M | 0.01% |
1,366,900
+637,900
| +88% | +$18.1M |
|
982
CALL
American Electric Power
AEP
$66.9B
| $50.3M | 0.01% |
597,400
+251,600
| +73% | +$22.2M |
|
983
McKesson
MCK
$103B
| $50.3M | 0.01% |
117,715
+13,241
| +13% | +$5.09M |
|
984
Iridium Communications
IRDM
$5.23B
| $50.1M | 0.01% |
807,131
+748,140
| +1,268% | +$46.3M |
|
985
CALL
Exelon
EXC
$45.8B
| $50.1M | 0.01% |
1,230,500
+355,700
| +41% | +$14.7M |
|
986
CALL
XPeng
XPEV
$11.5B
| $50M | 0.01% |
3,729,000
-1,667,600
| -31% | -$16.4M |
|
987
CALL
Futu Holdings
FUTU
$15.2B
| $50M | 0.01% |
1,258,300
-810,200
| -39% | -$34.5M |
|
988
CALL
Eldorado Gold
EGO
$10.2B
| $50M | 0.01% |
4,949,400
+4,096,800
| +481% | +$43.4M |
|
989
CALL
Restaurant Brands International
QSR
$25.4B
| $50M | 0.01% |
644,800
-190,500
| -23% | -$13.8M |
|
990
PUT
Cleveland-Cliffs
CLF
$7.13B
| $50M | 0.01% |
2,980,800
-1,405,800
| -32% | -$22.3M |
|
991
CALL
CF Industries
CF
$18.4B
| $49.9M | 0.01% |
719,100
-75,900
| -10% | -$5.29M |
|
|
LTHM
992
DELISTED
Livent Corporation
LTHM
| $49.9M | 0.01% |
1,818,927
+1,634,828
| +888% | +$39.2M |
|
993
PUT
Boston Beer
SAM
$1.86B
| $49.9M | 0.01% |
161,700
+32,900
| +26% | +$10.6M |
|
994
Philip Morris
PM
$290B
| $49.8M | 0.01% |
510,236
-304,872
| -37% | -$29.1M |
|
995
CALL
Advance Auto Parts
AAP
$3.36B
| $49.8M | 0.01% |
708,500
+442,700
| +167% | +$45.5M |
|
|
SWAV
996
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $49.7M | 0.01% |
174,171
+151,146
| +656% | +$42M |
|
997
CALL
Plains All American Pipeline
PAA
$16.4B
| $49.7M | 0.01% |
3,524,700
-301,500
| -8% | -$3.98M |
|
|
CNR
998
CALL
Core Natural Resources Inc
CNR
$4.67B
| $49.7M | 0.01% |
732,400
-71,600
| -9% | -$4.37M |
|
999
PUT
Seagate
STX
$182B
| $49.7M | 0.01% |
802,600
-40,300
| -5% | -$2.46M |
|
1000
CALL
iShares Biotechnology ETF
IBB
$9.82B
| $49.6M | 0.01% |
390,600
-573,300
| -59% | -$74.5M |
|
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.