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 | |
|---|---|---|---|---|---|---|
151
PUT
Qualcomm
QCOM
$176B
| $462M | 0.09% |
3,881,000
-313,700
| -7% | -$36.1M |
|
152
CALL
Devon Energy
DVN
$47.3B
| $459M | 0.09% |
9,498,100
+2,193,200
| +30% | +$110M |
|
153
PUT
Royal Caribbean
RCL
$85.6B
| $458M | 0.09% |
4,417,500
+900,600
| +26% | +$70.6M |
|
154
PUT
Wells Fargo
WFC
$264B
| $456M | 0.09% |
10,692,500
-3,612,700
| -25% | -$145M |
|
155
Advanced Micro Devices
AMD
$789B
| $455M | 0.09% |
3,992,497
+769,641
| +24% | +$80M |
|
156
PUT
FedEx
FDX
$75.4B
| $453M | 0.09% |
1,825,700
+216,700
| +13% | +$49.6M |
|
157
CALL
Texas Instruments
TXN
$261B
| $450M | 0.09% |
2,500,000
-1,083,000
| -30% | -$186M |
|
158
CALL
Walt Disney
DIS
$181B
| $450M | 0.09% |
5,036,000
-1,173,600
| -19% | -$111M |
|
159
PUT
lululemon athletica
LULU
$14.6B
| $449M | 0.09% |
1,186,100
-110,800
| -9% | -$40.9M |
|
160
PUT
Walmart Inc
WMT
$890B
| $440M | 0.09% |
8,403,900
-4,606,500
| -35% | -$232M |
|
161
CALL
ConocoPhillips
COP
$141B
| $440M | 0.09% |
4,245,000
-274,500
| -6% | -$28.2M |
|
162
PUT
MongoDB
MDB
$32.1B
| $432M | 0.09% |
1,051,300
+326,000
| +45% | +$95.1M |
|
163
CALL
Regeneron Pharmaceuticals
REGN
$80.8B
| $430M | 0.09% |
598,300
-251,000
| -30% | -$194M |
|
|
164
CALL
lululemon athletica
LULU
$14.6B
| $429M | 0.09% |
1,132,500
-516,800
| -31% | -$191M |
|
165
PUT
Thermo Fisher Scientific
TMO
$220B
| $426M | 0.09% |
815,600
+17,300
| +2% | +$9.34M |
|
166
PUT
Coinbase
COIN
$40.5B
| $419M | 0.09% |
5,857,500
+1,634,700
| +39% | +$97.5M |
|
167
PUT
United States Oil Fund
USO
$1.84B
| $416M | 0.08% |
6,546,200
+490,700
| +8% | +$32M |
|
168
CALL
Coca-Cola
KO
$375B
| $414M | 0.08% |
6,879,400
-3,397,700
| -33% | -$211M |
|
169
CALL
Caterpillar
CAT
$387B
| $413M | 0.08% |
1,680,500
+180,400
| +12% | +$40.2M |
|
170
Alibaba
BABA
$308B
| $413M | 0.08% |
4,953,825
+3,211,599
| +184% | +$281M |
|
171
CALL
Ulta Beauty
ULTA
$24.3B
| $412M | 0.08% |
874,800
+319,900
| +58% | +$157M |
|
172
PUT
ServiceNow
NOW
$129B
| $409M | 0.08% |
3,642,000
-614,500
| -14% | -$61.4M |
|
173
CALL
Blackstone
BX
$110B
| $409M | 0.08% |
4,397,200
-752,600
| -15% | -$65M |
|
174
PUT
Deere & Co
DE
$168B
| $409M | 0.08% |
1,008,200
+268,700
| +36% | +$103M |
|
175
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $408M | 0.08% |
3,166,200
-851,300
| -21% | -$107M |
|
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.