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 | |
|---|---|---|---|---|---|---|
1201
Vanguard Real Estate ETF
VNQ
$38.6B
| $36.8M | 0.01% |
440,548
-322,745
| -42% | -$26.4M |
|
1202
PUT
Teva Pharmaceuticals
TEVA
$42.1B
| $36.8M | 0.01% |
4,882,100
+232,300
| +5% | +$1.88M |
|
1203
PUT
GE HealthCare
GEHC
$32.9B
| $36.8M | 0.01% |
452,400
+279,000
| +161% | +$22.3M |
|
1204
CALL
Camping World
CWH
$635M
| $36.7M | 0.01% |
1,217,800
+332,800
| +38% | +$8.38M |
|
1205
CALL
ResMed
RMD
$31.9B
| $36.6M | 0.01% |
167,700
+122,300
| +269% | +$27.3M |
|
1206
PUT
Icahn Enterprises
IEP
$5.28B
| $36.6M | 0.01% |
1,261,100
+964,500
| +325% | +$35.1M |
|
1207
PUT
Becton Dickinson
BDX
$48.9B
| $36.6M | 0.01% |
138,600
-54,300
| -28% | -$13.8M |
|
1208
CALL
Labcorp
LH
$26.1B
| $36.6M | 0.01% |
176,462
+2,677
| +2% | +$519K |
|
1209
CALL
Hasbro
HAS
$13.3B
| $36.5M | 0.01% |
564,100
-135,400
| -19% | -$7.91M |
|
1210
PUT
GSK
GSK
$104B
| $36.5M | 0.01% |
1,024,900
-24,500
| -2% | -$879K |
|
1211
PUT
Waste Management
WM
$90.6B
| $36.5M | 0.01% |
210,200
-321,600
| -60% | -$53.2M |
|
1212
CALL
Tenet Healthcare
THC
$20.9B
| $36.3M | 0.01% |
446,000
+216,100
| +94% | +$15.4M |
|
1213
CALL
Bunge Global
BG
$21.6B
| $36.2M | 0.01% |
383,800
+77,100
| +25% | +$7.16M |
|
1214
PUT
United States Natural Gas Fund
UNG
$497M
| $36.1M | 0.01% |
1,214,700
-528,200
| -30% | -$14.3M |
|
|
DOCU
1215
DocuSign
DOCU
$11.4B
| $36.1M | 0.01% |
705,626
-164,806
| -19% | -$8.73M |
|
1216
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $36M | 0.01% |
553,600
-116,400
| -17% | -$7.09M |
|
1217
The Mosaic Company
MOS
$7.46B
| $36M | 0.01% |
1,027,638
+334,926
| +48% | +$12.9M |
|
1218
CALL
Chubb
CB
$134B
| $35.9M | 0.01% |
186,500
+60,100
| +48% | +$11.8M |
|
1219
Twilio
TWLO
$38B
| $35.8M | 0.01% |
562,040
-175,499
| -24% | -$10.4M |
|
1220
PUT
DuPont de Nemours
DD
$19.1B
| $35.8M | 0.01% |
398,732
-261,944
| -40% | -$22.5M |
|
1221
CALL
GitLab
GTLB
$6.88B
| $35.6M | 0.01% |
697,300
-59,800
| -8% | -$2.22M |
|
1222
CALL
JB Hunt Transport Services
JBHT
$25B
| $35.6M | 0.01% |
196,600
+43,200
| +28% | +$7.51M |
|
1223
CALL
Aon
AON
$75.7B
| $35.6M | 0.01% |
103,000
-61,700
| -37% | -$20M |
|
1224
Stryker
SYK
$133B
| $35.5M | 0.01% |
116,347
-63,709
| -35% | -$18.4M |
|
1225
CALL
Iron Mountain
IRM
$36.2B
| $35.5M | 0.01% |
624,600
-75,600
| -11% | -$4.14M |
|
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.