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 | |
|---|---|---|---|---|---|---|
|
MMP
1151
PUT
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $39.9M | 0.01% |
639,600
+379,600
| +146% | +$22.2M |
|
1152
PUT
Alnylam Pharmaceuticals
ALNY
$29B
| $39.8M | 0.01% |
209,800
+10,300
| +5% | +$2.04M |
|
1153
PUT
Macy's
M
$6.55B
| $39.8M | 0.01% |
2,479,500
-466,400
| -16% | -$7.46M |
|
1154
PUT
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.29B
| $39.7M | 0.01% |
441,500
-35,600
| -7% | -$2.76M |
|
1155
CALL
Baxter International
BAX
$14.4B
| $39.7M | 0.01% |
871,900
+69,100
| +9% | +$3.01M |
|
1156
CALL
Whirlpool
WHR
$2.75B
| $39.7M | 0.01% |
266,700
-115,600
| -30% | -$15.9M |
|
1157
PUT
NIO
NIO
$12.1B
| $39.7M | 0.01% |
4,092,300
+375,300
| +10% | +$3.18M |
|
1158
CALL
Constellation Energy
CEG
$95.8B
| $39.6M | 0.01% |
432,100
+120,400
| +39% | +$9.98M |
|
1159
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$388M
| $39.5M | 0.01% |
731,000
+675,480
| +1,217% | +$39.8M |
|
1160
Honeywell
HON
$77B
| $39.5M | 0.01% |
201,969
-376,536
| -65% | -$69.9M |
|
|
X
1161
DELISTED
US Steel
X
| $39.4M | 0.01% |
1,574,963
+775,511
| +97% | +$18M |
|
1162
PUT
Idexx Laboratories
IDXX
$46.9B
| $39.3M | 0.01% |
78,300
-86,200
| -52% | -$41.3M |
|
1163
SBA Communications
SBAC
$19.2B
| $39.3M | 0.01% |
169,633
+95,611
| +129% | +$22.9M |
|
1164
CALL
Oneok
OKE
$56.9B
| $39M | 0.01% |
631,600
-8,900
| -1% | -$551K |
|
1165
iShares MSCI EAFE Value ETF
EFV
$30B
| $39M | 0.01% |
796,043
+486,564
| +157% | +$24M |
|
1166
General Dynamics
GD
$107B
| $38.9M | 0.01% |
180,712
+56,889
| +46% | +$12.3M |
|
1167
CALL
iShares Core S&P Small-Cap ETF
IJR
$112B
| $38.8M | 0.01% |
388,900
+70,600
| +22% | +$6.72M |
|
1168
CALL
iShares S&P 500 Growth ETF
IVW
$77.4B
| $38.7M | 0.01% |
548,900
+421,400
| +331% | +$27.9M |
|
1169
CALL
ProShares Ultra S&P500
SSO
$8.41B
| $38.6M | 0.01% |
1,327,800
-341,800
| -20% | -$8.95M |
|
|
WCC
1170
CALL
WESCO International
WCC
$17.9B
| $38.6M | 0.01% |
215,300
-11,100
| -5% | -$1.62M |
|
|
SKX
1171
PUT
DELISTED
Skechers
SKX
| $38.5M | 0.01% |
731,700
+25,700
| +4% | +$1.32M |
|
1172
PUT
Madrigal Pharmaceuticals
MDGL
$11.9B
| $38.5M | 0.01% |
166,700
+64,700
| +63% | +$17.5M |
|
1173
PUT
Ball Corp
BALL
$16.6B
| $38.5M | 0.01% |
661,100
+312,100
| +89% | +$16.9M |
|
1174
CALL
Edwards Lifesciences
EW
$53B
| $38.3M | 0.01% |
406,300
+73,100
| +22% | +$6.35M |
|
1175
CALL
Kohl's
KSS
$2.16B
| $38.3M | 0.01% |
1,661,800
+235,200
| +16% | +$5.09M |
|
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.