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 | |
|---|---|---|---|---|---|---|
2001
CALL
iShares MSCI Canada ETF
EWC
$6.53B
| $15.2M | ﹤0.01% |
433,000
+228,100
| +111% | +$7.9M |
|
2002
CALL
Darling Ingredients
DAR
$10.2B
| $15.1M | ﹤0.01% |
237,300
+147,500
| +164% | +$8.99M |
|
2003
CALL
FirstEnergy
FE
$27.2B
| $15.1M | ﹤0.01% |
389,300
+69,100
| +22% | +$2.71M |
|
2004
CALL
PagSeguro Digital
PAGS
$2.43B
| $15.1M | ﹤0.01% |
1,603,100
+896,800
| +127% | +$9.09M |
|
|
SWN
2005
DELISTED
Southwestern Energy Company
SWN
| $15.1M | ﹤0.01% |
2,517,047
-752,595
| -23% | -$3.88M |
|
2006
CALL
Lattice Semiconductor
LSCC
$18.5B
| $15.1M | ﹤0.01% |
157,200
-147,600
| -48% | -$12.7M |
|
2007
PUT
Roper Technologies
ROP
$39.2B
| $15.1M | ﹤0.01% |
31,400
+12,800
| +69% | +$5.8M |
|
2008
Vanguard Morningstar Total Stock Market ETF
VTI
$697B
| $15.1M | ﹤0.01% |
68,521
-886
| -1% | -$185K |
|
|
2009
PUT
Darling Ingredients
DAR
$10.2B
| $15.1M | ﹤0.01% |
236,300
+198,400
| +523% | +$12.1M |
|
2010
RenaissanceRe
RNR
$13.3B
| $15.1M | ﹤0.01% |
80,814
+44,142
| +120% | +$8.78M |
|
2011
PUT
Illinois Tool Works
ITW
$82.6B
| $15M | ﹤0.01% |
60,100
-42,500
| -41% | -$9.95M |
|
2012
CALL
PTC
PTC
$16.5B
| $15M | ﹤0.01% |
105,400
+89,600
| +567% | +$11.9M |
|
2013
PUT
AerCap
AER
$23.4B
| $15M | ﹤0.01% |
236,100
-32,100
| -12% | -$1.85M |
|
2014
PUT
Citizens Financial Group
CFG
$31.3B
| $14.9M | ﹤0.01% |
572,200
-32,300
| -5% | -$890K |
|
|
XIFR
2015
CALL
XPLR Infrastructure LP
XIFR
$1.09B
| $14.9M | ﹤0.01% |
254,300
+59,800
| +31% | +$3.6M |
|
2016
CALL
Bank of Montreal
BMO
$129B
| $14.9M | ﹤0.01% |
165,100
-67,500
| -29% | -$5.97M |
|
2017
PUT
Novavax
NVAX
$1.35B
| $14.9M | ﹤0.01% |
2,006,700
+608,400
| +44% | +$4.78M |
|
2018
PUT
CSX Corp
CSX
$92.9B
| $14.9M | ﹤0.01% |
437,000
-352,200
| -45% | -$11.1M |
|
2019
PUT
iShares TIPS Bond ETF
TIP
$14.7B
| $14.9M | ﹤0.01% |
138,300
+47,300
| +52% | +$5.15M |
|
2020
Etsy
ETSY
$7.35B
| $14.9M | ﹤0.01% |
175,768
-64,097
| -27% | -$6.04M |
|
2021
CALL
Keurig Dr Pepper
KDP
$42.1B
| $14.9M | ﹤0.01% |
475,400
+131,500
| +38% | +$4.32M |
|
2022
Franklin Resources
BEN
$17.2B
| $14.9M | ﹤0.01% |
556,335
+26,921
| +5% | +$696K |
|
|
CTRA
2023
PUT
DELISTED
Coterra Energy
CTRA
| $14.8M | ﹤0.01% |
586,800
-286,300
| -33% | -$7.12M |
|
2024
Nutanix
NTNX
$18B
| $14.8M | ﹤0.01% |
529,143
-1,234,925
| -70% | -$32.8M |
|
2025
PUT
Monster Beverage
MNST
$91.3B
| $14.8M | ﹤0.01% |
516,200
-1,181,400
| -70% | -$33.6M |
|
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.