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 | |
|---|---|---|---|---|---|---|
1926
CALL
iShares MSCI South Korea ETF
EWY
$27B
| $16.2M | ﹤0.01% |
255,000
-294,400
| -54% | -$18.4M |
|
1927
CALL
Abercrombie & Fitch
ANF
$5.08B
| $16.1M | ﹤0.01% |
428,000
+174,800
| +69% | +$4.98M |
|
1928
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.5B
| $16.1M | ﹤0.01% |
+691,701
| New | +$16.1M |
|
1929
CALL
Nokia
NOK
$58.1B
| $16.1M | ﹤0.01% |
3,875,400
-1,598,700
| -29% | -$6.76M |
|
1930
Avis
CAR
$4.81B
| $16.1M | ﹤0.01% |
70,372
+39,417
| +127% | +$7.22M |
|
1931
CALL
Republic Services
RSG
$66.1B
| $16.1M | ﹤0.01% |
104,800
+30,600
| +41% | +$4.38M |
|
1932
PUT
DigitalOcean
DOCN
$15.8B
| $16M | ﹤0.01% |
399,500
-137,400
| -26% | -$5.06M |
|
1933
Wolfspeed
WOLF
$1.63B
| $16M | ﹤0.01% |
288,009
+130,569
| +83% | +$6.65M |
|
1934
PUT
Dell
DELL
$299B
| $16M | ﹤0.01% |
295,600
+72,000
| +32% | +$3.31M |
|
1935
CALL
Levi Strauss
LEVI
$8.61B
| $16M | ﹤0.01% |
1,107,200
+64,400
| +6% | +$930K |
|
1936
PUT
State Street SPDR S&P Bank ETF
KBE
$1.73B
| $15.9M | ﹤0.01% |
442,900
-1,414,500
| -76% | -$50.4M |
|
1937
CALL
Cullen/Frost Bankers
CFR
$10.4B
| $15.9M | ﹤0.01% |
148,200
+92,600
| +167% | +$9.67M |
|
1938
CALL
Innovative Industrial Properties
IIPR
$1.68B
| $15.9M | ﹤0.01% |
218,200
+104,300
| +92% | +$7.35M |
|
1939
PUT
Regions Financial
RF
$26.8B
| $15.9M | ﹤0.01% |
893,200
+137,500
| +18% | +$2.43M |
|
1940
Akamai
AKAM
$17.6B
| $15.9M | ﹤0.01% |
176,875
-59,329
| -25% | -$5.08M |
|
1941
HEICO Corp Class A
HEI.A
$37.3B
| $15.9M | ﹤0.01% |
112,943
+40,097
| +55% | +$5.37M |
|
1942
CALL
Scotiabank
BNS
$109B
| $15.9M | ﹤0.01% |
317,100
-7,000
| -2% | -$347K |
|
1943
CALL
Alliance Resource Partners
ARLP
$3.22B
| $15.9M | ﹤0.01% |
857,400
-120,400
| -12% | -$2.31M |
|
1944
UDR
UDR
$11.9B
| $15.8M | ﹤0.01% |
368,806
-176,077
| -32% | -$7.24M |
|
1945
ProShares UltraPro QQQ
TQQQ
$37.5B
| $15.8M | ﹤0.01% |
772,580
+755,518
| +4,428% | +$12.1M |
|
1946
CALL
Array Technologies
ARRY
$835M
| $15.8M | ﹤0.01% |
700,700
+444,500
| +173% | +$9.52M |
|
|
1947
CALL
Regions Financial
RF
$26.8B
| $15.8M | ﹤0.01% |
885,500
-175,800
| -17% | -$3.1M |
|
1948
PUT
Keysight
KEYS
$60.2B
| $15.8M | ﹤0.01% |
94,200
-21,800
| -19% | -$3.38M |
|
1949
Pinnacle West Capital
PNW
$12.2B
| $15.8M | ﹤0.01% |
193,521
-35,139
| -15% | -$2.8M |
|
1950
Lincoln National
LNC
$8.43B
| $15.7M | ﹤0.01% |
611,163
+72,475
| +13% | +$1.59M |
|
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.