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 | |
|---|---|---|---|---|---|---|
1826
PUT
ProShares Ultra QQQ
QLD
$13.9B
| $18M | ﹤0.01% |
558,200
+90,800
| +19% | +$2.46M |
|
1827
PUT
AGNC Investment
AGNC
$12.9B
| $17.9M | ﹤0.01% |
1,770,800
-1,034,500
| -37% | -$10.1M |
|
1828
BILL Holdings
BILL
$4.93B
| $17.9M | ﹤0.01% |
153,360
-42,590
| -22% | -$4.05M |
|
|
SMAR
1829
CALL
DELISTED
Smartsheet Inc.
SMAR
| $17.9M | ﹤0.01% |
468,300
+234,300
| +100% | +$10.1M |
|
1830
Wingstop
WING
$3.03B
| $17.9M | ﹤0.01% |
89,452
+62,229
| +229% | +$12.2M |
|
1831
PUT
iShares Global Clean Energy ETF
ICLN
$2.09B
| $17.9M | ﹤0.01% |
970,300
-168,100
| -15% | -$3.16M |
|
1832
PUT
Ovintiv
OVV
$17.6B
| $17.8M | ﹤0.01% |
467,200
-187,500
| -29% | -$6.78M |
|
1833
PUT
Motorola Solutions
MSI
$77.3B
| $17.8M | ﹤0.01% |
60,600
-32,200
| -35% | -$9.22M |
|
1834
PUT
-1x Short VIX Futures ETF
SVIX
$167M
| $17.8M | ﹤0.01% |
633,000
+305,200
| +93% | +$6.39M |
|
1835
CALL
Alamos Gold
AGI
$14B
| $17.8M | ﹤0.01% |
1,490,600
+1,004,500
| +207% | +$12.8M |
|
1836
PUT
Capri Holdings
CPRI
$1.77B
| $17.8M | ﹤0.01% |
494,900
-169,000
| -25% | -$6.7M |
|
1837
NiSource
NI
$20.1B
| $17.7M | ﹤0.01% |
648,951
+423,962
| +188% | +$11.8M |
|
1838
Martin Marietta Materials
MLM
$33.3B
| $17.7M | ﹤0.01% |
38,395
-21,906
| -36% | -$8.64M |
|
1839
PUT
Revolve Group
RVLV
$1.69B
| $17.7M | ﹤0.01% |
1,079,300
+907,600
| +529% | +$16.9M |
|
1840
Lennar Class A
LEN
$21.1B
| $17.7M | ﹤0.01% |
145,819
-73,043
| -33% | -$7.97M |
|
1841
PUT
SBA Communications
SBAC
$19.3B
| $17.7M | ﹤0.01% |
76,300
+62,500
| +453% | +$14.9M |
|
1842
CALL
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.52B
| $17.7M | ﹤0.01% |
895
-93
| -9% | -$2.96M |
|
1843
PUT
AvalonBay Communities
AVB
$26B
| $17.7M | ﹤0.01% |
93,300
+42,800
| +85% | +$7.64M |
|
1844
PUT
Trupanion
TRUP
$1.34B
| $17.7M | ﹤0.01% |
896,900
+754,700
| +531% | +$21.3M |
|
|
1845
CALL
Martin Marietta Materials
MLM
$33.3B
| $17.6M | ﹤0.01% |
38,200
-14,500
| -28% | -$5.72M |
|
1846
CALL
Shake Shack
SHAK
$2.9B
| $17.6M | ﹤0.01% |
226,500
+12,000
| +6% | +$771K |
|
1847
CALL
Costamare
CMRE
$1.69B
| $17.6M | ﹤0.01% |
1,816,600
+61,100
| +3% | +$547K |
|
1848
Consolidated Edison
ED
$39.8B
| $17.6M | ﹤0.01% |
194,140
-106,352
| -35% | -$10.2M |
|
1849
PUT
International Flavors & Fragrances
IFF
$21.7B
| $17.5M | ﹤0.01% |
220,400
+40,300
| +22% | +$3.47M |
|
1850
PUT
Everest Group
EG
$14B
| $17.5M | ﹤0.01% |
51,300
+42,400
| +476% | +$15.3M |
|
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.