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 | |
|---|---|---|---|---|---|---|
1851
CALL
StoneCo
STNE
$2.42B
| $17.5M | ﹤0.01% |
1,374,500
+44,400
| +3% | +$554K |
|
1852
CALL
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14B
| $17.4M | ﹤0.01% |
320,500
+313,400
| +4,414% | +$16.2M |
|
1853
PG&E
PCG
$38.1B
| $17.4M | ﹤0.01% |
1,009,374
+44,999
| +5% | +$762K |
|
1854
WEC Energy
WEC
$34.8B
| $17.4M | ﹤0.01% |
197,558
-78,238
| -28% | -$7.23M |
|
1855
Public Storage
PSA
$60.7B
| $17.4M | ﹤0.01% |
59,713
-28,130
| -32% | -$8.2M |
|
1856
Erie Indemnity
ERIE
$13.4B
| $17.4M | ﹤0.01% |
82,932
+79,829
| +2,573% | +$17.8M |
|
1857
CALL
Fortive
FTV
$18.6B
| $17.4M | ﹤0.01% |
308,793
+140,397
| +83% | +$7.09M |
|
1858
Williams Companies
WMB
$88.4B
| $17.4M | ﹤0.01% |
532,774
-672,938
| -56% | -$20.2M |
|
1859
PUT
Bilibili
BILI
$7.53B
| $17.4M | ﹤0.01% |
1,150,400
-220,600
| -16% | -$4.05M |
|
1860
Kinross Gold
KGC
$32.3B
| $17.4M | ﹤0.01% |
3,640,481
+328,352
| +10% | +$1.64M |
|
|
CTRA
1861
DELISTED
Coterra Energy
CTRA
| $17.4M | ﹤0.01% |
686,268
+166,608
| +32% | +$4.14M |
|
1862
PUT
Zimmer Biomet
ZBH
$18.5B
| $17.3M | ﹤0.01% |
119,100
+88,000
| +283% | +$12M |
|
1863
Kimberly-Clark
KMB
$36.1B
| $17.3M | ﹤0.01% |
125,458
-80,353
| -39% | -$11.2M |
|
1864
CALL
QuantumScape Corp
QS
$3.9B
| $17.3M | ﹤0.01% |
2,167,400
+291,400
| +16% | +$2.03M |
|
1865
PUT
Edwards Lifesciences
EW
$54B
| $17.3M | ﹤0.01% |
183,300
-34,900
| -16% | -$3.03M |
|
1866
Virtu Financial
VIRT
$4.86B
| $17.2M | ﹤0.01% |
1,009,047
-22,994
| -2% | -$422K |
|
1867
Houlihan Lokey
HLI
$8.77B
| $17.2M | ﹤0.01% |
175,292
+135,994
| +346% | +$12.3M |
|
1868
CALL
Markel Group
MKL
$22.8B
| $17.2M | ﹤0.01% |
12,400
-12,000
| -49% | -$16.1M |
|
1869
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $17.1M | ﹤0.01% |
421,000
-728,700
| -63% | -$29.4M |
|
1870
Arthur J. Gallagher & Co
AJG
$65B
| $17.1M | ﹤0.01% |
77,857
-45,615
| -37% | -$9.49M |
|
1871
PUT
Constellation Energy
CEG
$98.6B
| $17.1M | ﹤0.01% |
186,700
-15,400
| -8% | -$1.28M |
|
1872
Sunrun
RUN
$2.42B
| $17.1M | ﹤0.01% |
956,650
+488,527
| +104% | +$9.08M |
|
1873
PUT
Paychex
PAYX
$43.1B
| $17.1M | ﹤0.01% |
152,500
-66,200
| -30% | -$7.24M |
|
1874
PUT
Sempra
SRE
$55.9B
| $17M | ﹤0.01% |
234,200
+10,200
| +5% | +$766K |
|
1875
CALL
GoDaddy
GDDY
$11.5B
| $17M | ﹤0.01% |
226,900
+65,600
| +41% | +$4.84M |
|
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.