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 | |
|---|---|---|---|---|---|---|
|
JWN
1876
CALL
DELISTED
Nordstrom
JWN
| $17M | ﹤0.01% |
832,300
-315,300
| -27% | -$5.3M |
|
1877
Agilent Technologies
A
$42.2B
| $17M | ﹤0.01% |
141,667
-53,769
| -28% | -$6.85M |
|
1878
PUT
Mondelez International
MDLZ
$78.9B
| $17M | ﹤0.01% |
233,500
-602,200
| -72% | -$44.5M |
|
1879
Alnylam Pharmaceuticals
ALNY
$29.6B
| $17M | ﹤0.01% |
89,530
-24,871
| -22% | -$4.93M |
|
1880
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.8B
| $17M | ﹤0.01% |
358,392
+277,489
| +343% | +$13.2M |
|
|
BRSL
1881
PUT
Brightstar Lottery PLC
BRSL
$2.07B
| $17M | ﹤0.01% |
532,900
+271,500
| +104% | +$7.55M |
|
|
AXON
1882
Axon Enterprise
AXON
$51.7B
| $17M | ﹤0.01% |
87,064
+50,898
| +141% | +$10.5M |
|
1883
CALL
ProShares UltraPro Russell2000
URTY
$354M
| $17M | ﹤0.01% |
407,900
+237,200
| +139% | +$8.75M |
|
|
FLG
1884
PUT
Flagstar Bank National Association
FLG
$5.89B
| $17M | ﹤0.01% |
503,433
+173,566
| +53% | +$5.27M |
|
1885
Genuine Parts
GPC
$18.6B
| $16.9M | ﹤0.01% |
100,143
-64,741
| -39% | -$10.6M |
|
1886
PureCycle Technologies
PCT
$1.54B
| $16.9M | ﹤0.01% |
1,582,736
+160,516
| +11% | +$1.16M |
|
1887
Intercontinental Exchange
ICE
$84.9B
| $16.9M | ﹤0.01% |
149,434
-139,300
| -48% | -$15.1M |
|
1888
Sigma Lithium
SGML
$1.33B
| $16.9M | ﹤0.01% |
419,149
-21,595
| -5% | -$823K |
|
1889
Generac Holdings
GNRC
$12.7B
| $16.9M | ﹤0.01% |
113,243
-142,104
| -56% | -$16.2M |
|
|
PACW
1890
CALL
DELISTED
PacWest Bancorp
PACW
| $16.8M | ﹤0.01% |
2,066,100
+1,143,400
| +124% | +$9.22M |
|
|
IRBT
1891
PUT
DELISTED
iRobot
IRBT
| $16.8M | ﹤0.01% |
371,600
+100,400
| +37% | +$4.01M |
|
1892
PUT
iShares Expanded Tech Sector ETF
IGM
$10.7B
| $16.8M | ﹤0.01% |
256,800
+154,800
| +152% | +$9.2M |
|
1893
Texas Roadhouse
TXRH
$13.8B
| $16.8M | ﹤0.01% |
149,701
+105,305
| +237% | +$11.6M |
|
1894
PUT
Bio-Rad Laboratories Class A
BIO
$9.53B
| $16.8M | ﹤0.01% |
44,300
-7,900
| -15% | -$3.21M |
|
|
PACW
1895
PUT
DELISTED
PacWest Bancorp
PACW
| $16.8M | ﹤0.01% |
2,060,700
+1,095,100
| +113% | +$8.83M |
|
1896
Molina Healthcare
MOH
$10.2B
| $16.8M | ﹤0.01% |
55,714
-37,388
| -40% | -$10.7M |
|
1897
PUT
Willis Towers Watson
WTW
$31.8B
| $16.8M | ﹤0.01% |
71,200
+34,700
| +95% | +$8M |
|
1898
PUT
OneMain Financial
OMF
$7.32B
| $16.8M | ﹤0.01% |
383,700
-193,500
| -34% | -$7.55M |
|
1899
PUT
Kinross Gold
KGC
$32.3B
| $16.8M | ﹤0.01% |
3,513,500
-598,700
| -15% | -$2.99M |
|
1900
Check Point Software Technologies
CHKP
$13.2B
| $16.7M | ﹤0.01% |
133,163
+21,292
| +19% | +$2.68M |
|
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.