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 | |
|---|---|---|---|---|---|---|
2026
PUT
F5
FFIV
$23.8B
| $14.8M | ﹤0.01% |
101,300
+28,300
| +39% | +$4.02M |
|
2027
Parker-Hannifin
PH
$133B
| $14.8M | ﹤0.01% |
37,949
-27,199
| -42% | -$9.2M |
|
2028
PUT
ProShares UltraShort S&P500
SDS
$364M
| $14.8M | ﹤0.01% |
86,280
-49,240
| -36% | -$9.46M |
|
2029
Watsco Inc
WSO
$12.9B
| $14.8M | ﹤0.01% |
38,716
-2,119
| -5% | -$719K |
|
2030
PUT
Lincoln National
LNC
$8.61B
| $14.8M | ﹤0.01% |
572,900
+162,800
| +40% | +$3.57M |
|
2031
CALL
iShares S&P 500 Value ETF
IVE
$50.2B
| $14.7M | ﹤0.01% |
91,500
-19,100
| -17% | -$2.94M |
|
2032
PUT
CRISPR Therapeutics
CRSP
$5.26B
| $14.7M | ﹤0.01% |
262,400
+34,600
| +15% | +$1.96M |
|
2033
PUT
Royal Gold
RGLD
$19.2B
| $14.7M | ﹤0.01% |
128,300
-5,100
| -4% | -$656K |
|
|
SPR
2034
PUT
DELISTED
Spirit AeroSystems
SPR
| $14.7M | ﹤0.01% |
504,100
+212,600
| +73% | +$6.13M |
|
2035
Owens Corning
OC
$12.4B
| $14.7M | ﹤0.01% |
112,723
+99,228
| +735% | +$10.9M |
|
2036
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$630M
| $14.7M | ﹤0.01% |
124,175
+50,445
| +68% | +$6.29M |
|
2037
PUT
Oneok
OKE
$58.6B
| $14.7M | ﹤0.01% |
238,200
+138,200
| +138% | +$8.55M |
|
|
GES
2038
CALL
DELISTED
Guess Inc
GES
| $14.7M | ﹤0.01% |
755,700
+295,500
| +64% | +$5.69M |
|
2039
CALL
Saia
SAIA
$10.1B
| $14.7M | ﹤0.01% |
42,900
-5,000
| -10% | -$1.45M |
|
2040
Alliant Energy
LNT
$18.2B
| $14.7M | ﹤0.01% |
279,445
+131,044
| +88% | +$7.02M |
|
2041
FIGS
FIGS
$2.45B
| $14.7M | ﹤0.01% |
1,773,251
+678,107
| +62% | +$5.16M |
|
|
2042
CALL
Lincoln National
LNC
$8.61B
| $14.7M | ﹤0.01% |
569,000
+12,800
| +2% | +$281K |
|
2043
PUT
Stratasys
SSYS
$793M
| $14.6M | ﹤0.01% |
823,400
+713,200
| +647% | +$11.2M |
|
2044
Wabtec
WAB
$50.1B
| $14.6M | ﹤0.01% |
133,046
-25,001
| -16% | -$2.48M |
|
2045
CALL
Vanguard Energy ETF
VDE
$10.4B
| $14.6M | ﹤0.01% |
129,200
+27,300
| +27% | +$3.07M |
|
2046
Peabody Energy
BTU
$2.95B
| $14.6M | ﹤0.01% |
672,663
-1,666,243
| -71% | -$36.9M |
|
2047
CALL
BridgeBio Pharma
BBIO
$15.8B
| $14.5M | ﹤0.01% |
844,300
+603,100
| +250% | +$9.07M |
|
2048
CALL
Huntington Bancshares
HBAN
$36.1B
| $14.5M | ﹤0.01% |
1,344,200
+335,000
| +33% | +$3.58M |
|
|
LAC
2049
CALL
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $14.5M | ﹤0.01% |
716,600
-590,500
| -45% | -$12.2M |
|
|
MRSH
2050
CALL
Marsh
MRSH
$89.7B
| $14.5M | ﹤0.01% |
76,900
+35,400
| +85% | +$6.28M |
|
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.