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 | |
|---|---|---|---|---|---|---|
1976
PUT
Innovative Industrial Properties
IIPR
$1.68B
| $15.5M | ﹤0.01% |
212,500
+62,000
| +41% | +$4.37M |
|
1977
PUT
UBS Group
UBS
$176B
| $15.5M | ﹤0.01% |
765,200
-1,056,600
| -58% | -$21.2M |
|
1978
iShares MSCI Japan ETF
EWJ
$23.1B
| $15.5M | ﹤0.01% |
249,907
-328,681
| -57% | -$19.8M |
|
1979
Eos Energy Enterprises
EOSE
$1.55B
| $15.5M | ﹤0.01% |
3,560,298
+2,211,884
| +164% | +$5.8M |
|
1980
CALL
First Trust Cloud Computing ETF
SKYY
$3.24B
| $15.4M | ﹤0.01% |
203,200
-19,400
| -9% | -$1.33M |
|
1981
CALL
Bilibili
BILI
$7.29B
| $15.4M | ﹤0.01% |
1,021,600
-394,600
| -28% | -$7.24M |
|
1982
CALL
Samsara
IOT
$23B
| $15.4M | ﹤0.01% |
555,100
-64,000
| -10% | -$1.42M |
|
1983
PUT
UiPath
PATH
$7.92B
| $15.4M | ﹤0.01% |
926,700
+334,100
| +56% | +$5.36M |
|
1984
PUT
Fastenal
FAST
$60B
| $15.3M | ﹤0.01% |
520,200
-62,000
| -11% | -$1.7M |
|
1985
Teladoc Health
TDOC
$1.2B
| $15.3M | ﹤0.01% |
604,779
+189,727
| +46% | +$4.78M |
|
1986
Interactive Brokers
IBKR
$41.6B
| $15.3M | ﹤0.01% |
736,648
-166,660
| -18% | -$3.29M |
|
1987
CALL
Novavax
NVAX
$1.31B
| $15.3M | ﹤0.01% |
2,058,600
-908,700
| -31% | -$7.15M |
|
1988
PUT
Symbotic
SYM
$5.37B
| $15.3M | ﹤0.01% |
356,700
+310,800
| +677% | +$10.2M |
|
1989
Amphenol
APH
$211B
| $15.3M | ﹤0.01% |
359,424
-258,462
| -42% | -$10M |
|
|
NIMC
1990
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $15.3M | ﹤0.01% |
150,000
| – | – |
|
|
1991
UiPath
PATH
$7.92B
| $15.2M | ﹤0.01% |
919,342
+467,639
| +104% | +$7.5M |
|
1992
Norfolk Southern
NSC
$75.2B
| $15.2M | ﹤0.01% |
67,163
-85,300
| -56% | -$18.1M |
|
1993
Roblox
RBLX
$25.3B
| $15.2M | ﹤0.01% |
377,767
+322,015
| +578% | +$12.9M |
|
1994
Sysco
SYY
$40.7B
| $15.2M | ﹤0.01% |
204,985
-70,093
| -25% | -$5.18M |
|
|
SPYM
1995
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $15.2M | ﹤0.01% |
291,800
-150,400
| -34% | -$7.42M |
|
1996
Celanese
CE
$4.78B
| $15.2M | ﹤0.01% |
131,192
+33,374
| +34% | +$3.62M |
|
|
BBBY
1997
Bed Bath & Beyond
BBBY
$411M
| $15.2M | ﹤0.01% |
513,003
+300,627
| +142% | +$5.55M |
|
1998
Exelixis
EXEL
$12.7B
| $15.2M | ﹤0.01% |
793,985
+44,963
| +6% | +$867K |
|
|
NVMI
1999
CALL
Nova
NVMI
$13B
| $15.2M | ﹤0.01% |
129,300
+92,800
| +254% | +$9.49M |
|
2000
PUT
iShares US Transportation ETF
IYT
$2.27B
| $15.2M | ﹤0.01% |
242,800
-166,800
| -41% | -$9.56M |
|
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.