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 | |
|---|---|---|---|---|---|---|
101
CALL
Procter & Gamble
PG
$339B
| $621M | 0.13% |
4,090,300
-449,200
| -10% | -$67.7M |
|
102
Bank of America
BAC
$442B
| $607M | 0.12% |
21,153,548
+1,932,606
| +10% | +$55.1M |
|
103
CALL
VanEck Gold Miners ETF
GDX
$27.4B
| $606M | 0.12% |
20,112,300
-201,500
| -1% | -$6.57M |
|
104
CALL
ProShares UltraPro QQQ
TQQQ
$37.9B
| $605M | 0.12% |
29,515,800
+684,800
| +2% | +$11M |
|
105
CALL
iShares MSCI Brazil ETF
EWZ
$8.95B
| $603M | 0.12% |
18,589,400
+537,800
| +3% | +$16M |
|
106
PUT
Micron Technology
MU
$991B
| $597M | 0.12% |
9,456,000
+731,300
| +8% | +$47M |
|
107
PUT
Regeneron Pharmaceuticals
REGN
$80.8B
| $594M | 0.12% |
827,200
-193,100
| -19% | -$149M |
|
108
CALL
Chevron
CVX
$366B
| $586M | 0.12% |
3,722,200
-904,200
| -20% | -$145M |
|
109
CALL
Walmart Inc
WMT
$890B
| $582M | 0.12% |
11,100,300
-7,108,200
| -39% | -$359M |
|
110
PUT
Mastercard
MA
$493B
| $580M | 0.12% |
1,475,100
-91,600
| -6% | -$34.4M |
|
111
PUT
Salesforce
CRM
$158B
| $578M | 0.12% |
2,737,700
-1,835,400
| -40% | -$375M |
|
112
CALL
PayPal
PYPL
$50.5B
| $566M | 0.12% |
8,489,400
+2,607,400
| +44% | +$178M |
|
113
CALL
iShares Silver Trust
SLV
$30.7B
| $563M | 0.11% |
26,929,200
+7,717,100
| +40% | +$172M |
|
|
114
PUT
VanEck Gold Miners ETF
GDX
$27.4B
| $561M | 0.11% |
18,644,300
+7,631,700
| +69% | +$249M |
|
115
PUT
Shopify
SHOP
$195B
| $560M | 0.11% |
8,670,600
+321,200
| +4% | +$18.2M |
|
116
PUT
McDonald's
MCD
$195B
| $556M | 0.11% |
1,864,600
+81,800
| +5% | +$23.8M |
|
|
117
CALL
Mastercard
MA
$493B
| $555M | 0.11% |
1,411,100
-708,200
| -33% | -$266M |
|
118
CALL
Mercado Libre
MELI
$92.3B
| $551M | 0.11% |
465,400
-78,100
| -14% | -$98.2M |
|
119
PUT
TSMC
TSM
$2.18T
| $550M | 0.11% |
5,454,000
-2,267,600
| -29% | -$211M |
|
120
CALL
Intel
INTC
$513B
| $544M | 0.11% |
16,258,900
-3,292,400
| -17% | -$103M |
|
121
PUT
Nike
NKE
$61.9B
| $541M | 0.11% |
4,897,600
+2,232,900
| +84% | +$261M |
|
|
122
PUT
iShares MSCI Brazil ETF
EWZ
$8.95B
| $539M | 0.11% |
16,607,400
-4,182,000
| -20% | -$124M |
|
123
PUT
Lam Research
LRCX
$390B
| $537M | 0.11% |
8,350,000
-2,545,000
| -23% | -$143M |
|
|
124
CALL
Lam Research
LRCX
$390B
| $534M | 0.11% |
8,307,000
-1,009,000
| -11% | -$56.9M |
|
125
CALL
IBM
IBM
$224B
| $525M | 0.11% |
3,922,500
-390,900
| -9% | -$50.4M |
|
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.