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 | |
|---|---|---|---|---|---|---|
1101
CALL
GSK
GSK
$104B
| $42.8M | 0.01% |
1,201,100
-365,500
| -23% | -$13.1M |
|
1102
CALL
M&T Bank
MTB
$36.3B
| $42.8M | 0.01% |
345,800
+22,900
| +7% | +$2.77M |
|
1103
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $42.8M | 0.01% |
494,400
-286,400
| -37% | -$24.4M |
|
1104
CALL
Global Payments
GPN
$22.8B
| $42.8M | 0.01% |
434,000
+80,000
| +23% | +$8.23M |
|
1105
CALL
Live Nation Entertainment
LYV
$43B
| $42.6M | 0.01% |
467,800
-137,900
| -23% | -$10.8M |
|
1106
PUT
Plains All American Pipeline
PAA
$16.4B
| $42.5M | 0.01% |
3,017,000
-500
| -0% | -$6.6K |
|
1107
CALL
Toyota
TM
$224B
| $42.5M | 0.01% |
264,600
+192,400
| +266% | +$27.7M |
|
1108
Halliburton
HAL
$28B
| $42.5M | 0.01% |
1,288,078
+413,505
| +47% | +$13.1M |
|
1109
CALL
ProShares Ultra QQQ
QLD
$14B
| $42.5M | 0.01% |
1,319,400
-41,200
| -3% | -$1.11M |
|
|
1110
PUT
Live Nation Entertainment
LYV
$43B
| $42.5M | 0.01% |
466,100
-106,200
| -19% | -$8.29M |
|
1111
Air Products & Chemicals
APD
$68.6B
| $42.5M | 0.01% |
141,772
-83,693
| -37% | -$23.8M |
|
1112
PUT
eBay
EBAY
$47.9B
| $42.4M | 0.01% |
949,600
-95,100
| -9% | -$4.22M |
|
1113
CALL
Sony
SONY
$140B
| $42.4M | 0.01% |
2,354,500
+399,000
| +20% | +$7.48M |
|
1114
PUT
Baxter International
BAX
$14.4B
| $42.4M | 0.01% |
930,400
-102,400
| -10% | -$4.46M |
|
1115
PUT
Western Alliance Bancorporation
WAL
$8.78B
| $42.4M | 0.01% |
1,162,000
-86,900
| -7% | -$3.01M |
|
1116
PUT
BHP
BHP
$230B
| $42.4M | 0.01% |
710,200
-510,700
| -42% | -$30.5M |
|
|
MRO
1117
CALL
DELISTED
Marathon Oil Corporation
MRO
| $42.2M | 0.01% |
1,833,800
-634,900
| -26% | -$15M |
|
1118
CALL
State Street SPDR S&P Retail ETF
XRT
$652M
| $42.1M | 0.01% |
661,100
-176,100
| -21% | -$10.8M |
|
1119
Cenovus Energy
CVE
$54.5B
| $42.1M | 0.01% |
2,480,731
-961,538
| -28% | -$16.2M |
|
1120
CALL
Sociedad Química y Minera de Chile
SQM
$20.8B
| $41.8M | 0.01% |
575,800
+367,900
| +177% | +$26.2M |
|
1121
PUT
HP
HPQ
$27.3B
| $41.8M | 0.01% |
1,359,700
-230,800
| -15% | -$6.93M |
|
1122
Vulcan Materials
VMC
$37B
| $41.7M | 0.01% |
184,865
-56,514
| -23% | -$10.8M |
|
1123
MGM Resorts International
MGM
$10.9B
| $41.5M | 0.01% |
944,778
+143,516
| +18% | +$6.13M |
|
1124
PUT
NRG Energy
NRG
$25B
| $41.5M | 0.01% |
1,108,600
+625,100
| +129% | +$21.3M |
|
|
EXAS
1125
PUT
DELISTED
Exact Sciences
EXAS
| $41.3M | 0.01% |
440,300
+85,800
| +24% | +$6.69M |
|
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.