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 | |
|---|---|---|---|---|---|---|
1376
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.43B
| $29.4M | 0.01% |
353,300
+48,200
| +16% | +$3.67M |
|
1377
PUT
Sony
SONY
$140B
| $29.3M | 0.01% |
1,628,000
+166,500
| +11% | +$3.12M |
|
|
CNR
1378
PUT
Core Natural Resources Inc
CNR
$4.67B
| $29.2M | 0.01% |
430,800
+90,600
| +27% | +$5.53M |
|
1379
CALL
Canadian Solar
CSIQ
$1.06B
| $29.2M | 0.01% |
754,600
+366,800
| +95% | +$14.2M |
|
1380
CALL
Kinross Gold
KGC
$32.5B
| $29.2M | 0.01% |
6,111,700
+3,311,800
| +118% | +$16.5M |
|
1381
CALL
Genuine Parts
GPC
$18.5B
| $29.1M | 0.01% |
172,100
+86,600
| +101% | +$14.2M |
|
1382
American International
AIG
$40.6B
| $29.1M | 0.01% |
505,710
+13,407
| +3% | +$720K |
|
1383
PUT
Tenet Healthcare
THC
$20.9B
| $29M | 0.01% |
356,900
+171,800
| +93% | +$12.2M |
|
|
BBBY
1384
PUT
Bed Bath & Beyond
BBBY
$423M
| $29M | 0.01% |
979,880
+660,440
| +207% | +$12.2M |
|
1385
PUT
Cenovus Energy
CVE
$54.5B
| $29M | 0.01% |
1,708,200
-611,500
| -26% | -$10.3M |
|
1386
Chubb
CB
$134B
| $28.9M | 0.01% |
150,314
-76,904
| -34% | -$15.1M |
|
1387
3M
MMM
$93.9B
| $28.9M | 0.01% |
345,755
-508,727
| -60% | -$43.2M |
|
1388
Dimensional International Value ETF
DFIV
$21.6B
| $28.9M | 0.01% |
+878,795
| New | +$28.9M |
|
1389
Capital One
COF
$134B
| $28.9M | 0.01% |
263,905
-16,430
| -6% | -$1.65M |
|
1390
CALL
Vanguard Morningstar Value ETF
VTV
$192B
| $28.8M | 0.01% |
202,900
-98,600
| -33% | -$13.7M |
|
1391
CALL
Baker Hughes
BKR
$63.6B
| $28.8M | 0.01% |
912,100
+561,000
| +160% | +$16.4M |
|
|
APLS
1392
DELISTED
Apellis Pharmaceuticals
APLS
| $28.8M | 0.01% |
315,910
+234,114
| +286% | +$20.2M |
|
1393
PUT
Crown Castle
CCI
$31.3B
| $28.7M | 0.01% |
252,200
+88,100
| +54% | +$10.5M |
|
1394
PUT
Saia
SAIA
$9.49B
| $28.7M | 0.01% |
83,900
+28,500
| +51% | +$8.25M |
|
1395
Motorola Solutions
MSI
$76.5B
| $28.7M | 0.01% |
97,870
-4,575
| -4% | -$1.31M |
|
1396
CALL
KB Home
KBH
$3.47B
| $28.6M | 0.01% |
553,800
-106,600
| -16% | -$4.81M |
|
|
FITB
1397
CALL
Fifth Third Bancorp
FITB
$51.8B
| $28.6M | 0.01% |
1,091,500
+219,800
| +25% | +$5.67M |
|
1398
CALL
Rambus
RMBS
$10.4B
| $28.5M | 0.01% |
444,600
+112,600
| +34% | +$6.2M |
|
1399
PUT
NetApp
NTAP
$39B
| $28.5M | 0.01% |
373,400
+17,600
| +5% | +$1.19M |
|
1400
PUT
Pan American Silver
PAAS
$21.8B
| $28.5M | 0.01% |
1,952,400
+1,374,400
| +238% | +$22.7M |
|
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.