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 | |
|---|---|---|---|---|---|---|
1001
Expedia Group
EXPE
$37.7B
| $49.6M | 0.01% |
453,233
-104,857
| -19% | -$10.3M |
|
1002
State Street SPDR S&P Biotech ETF
XBI
$10.4B
| $49.4M | 0.01% |
594,275
-710,868
| -54% | -$59.4M |
|
1003
PUT
Archer Daniels Midland
ADM
$38.8B
| $49.4M | 0.01% |
654,100
-157,400
| -19% | -$11.9M |
|
1004
Lockheed Martin
LMT
$139B
| $49.4M | 0.01% |
107,344
-94,233
| -47% | -$43.7M |
|
1005
CALL
Prologis
PLD
$132B
| $49.3M | 0.01% |
402,400
+94,700
| +31% | +$11.6M |
|
1006
PUT
Zoetis
ZTS
$30.9B
| $49.3M | 0.01% |
286,100
-128,400
| -31% | -$22.2M |
|
|
DFS
1007
PUT
DELISTED
Discover Financial Services
DFS
| $49.3M | 0.01% |
421,600
+6,000
| +1% | +$629K |
|
1008
PUT
XPeng
XPEV
$11.5B
| $49.2M | 0.01% |
3,669,600
+1,493,800
| +69% | +$14.7M |
|
1009
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.62B
| $49.1M | 0.01% |
381,085
-540,987
| -59% | -$67.8M |
|
1010
PUT
Halliburton
HAL
$28B
| $49.1M | 0.01% |
1,486,900
+197,400
| +15% | +$6.24M |
|
1011
PUT
Affirm
AFRM
$25.3B
| $48.9M | 0.01% |
3,191,500
+185,300
| +6% | +$2.46M |
|
1012
KraneShares CSI China Internet ETF
KWEB
$5.76B
| $48.8M | 0.01% |
1,813,291
+392,267
| +28% | +$10.9M |
|
1013
Spotify
SPOT
$105B
| $48.8M | 0.01% |
304,055
+225,500
| +287% | +$32.7M |
|
1014
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $48.8M | 0.01% |
505,100
-8,500
| -2% | -$836K |
|
1015
CALL
iShares MSCI Japan ETF
EWJ
$22.6B
| $48.8M | 0.01% |
788,100
+561,200
| +247% | +$33.8M |
|
1016
PUT
American International
AIG
$40.7B
| $48.8M | 0.01% |
847,600
+213,300
| +34% | +$11.5M |
|
|
SPLK
1017
DELISTED
Splunk Inc
SPLK
| $48.7M | 0.01% |
459,137
+195,066
| +74% | +$18.5M |
|
1018
CALL
Antero Resources
AR
$11.4B
| $48.6M | 0.01% |
2,112,400
-569,200
| -21% | -$12.6M |
|
1019
Okta
OKTA
$26.2B
| $48.5M | 0.01% |
699,895
+349,336
| +100% | +$26.5M |
|
1020
Boston Scientific
BSX
$73.1B
| $48.5M | 0.01% |
896,843
-610,838
| -41% | -$31.9M |
|
1021
SolarEdge
SEDG
$1.98B
| $48.5M | 0.01% |
180,165
+113,326
| +170% | +$32.5M |
|
1022
CALL
Quanta Services
PWR
$99.4B
| $48.4M | 0.01% |
246,600
-19,400
| -7% | -$3.39M |
|
1023
CALL
CSX Corp
CSX
$92.8B
| $48.4M | 0.01% |
1,418,700
-31,600
| -2% | -$1,000K |
|
1024
NXP Semiconductors
NXPI
$58.9B
| $48.3M | 0.01% |
235,904
-56,273
| -19% | -$10M |
|
1025
Cameco
CCJ
$42.4B
| $48.3M | 0.01% |
1,540,761
+492,039
| +47% | +$13.8M |
|
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.