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 | |
|---|---|---|---|---|---|---|
2151
Steel Dynamics
STLD
$37.3B
| $13.2M | ﹤0.01% |
120,907
-45,614
| -27% | -$4.64M |
|
2152
CALL
Howmet Aerospace
HWM
$113B
| $13.2M | ﹤0.01% |
265,700
+22,000
| +9% | +$980K |
|
2153
CALL
NetEase
NTES
$78.5B
| $13.2M | ﹤0.01% |
136,100
-143,500
| -51% | -$13M |
|
|
HCP
2154
PUT
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $13.1M | ﹤0.01% |
501,800
+279,100
| +125% | +$8.18M |
|
2155
PUT
Eastman Chemical
EMN
$8.43B
| $13.1M | ﹤0.01% |
156,900
+54,200
| +53% | +$4.41M |
|
2156
CALL
Motorola Solutions
MSI
$77B
| $13.1M | ﹤0.01% |
44,700
-40,600
| -48% | -$11.6M |
|
2157
PUT
Madison Square Garden
MSGS
$9.94B
| $13.1M | ﹤0.01% |
69,700
-30,100
| -30% | -$5.69M |
|
|
PR
2158
CALL
Permian Resources
PR
$17.7B
| $13.1M | ﹤0.01% |
1,194,700
+319,200
| +36% | +$3.26M |
|
2159
PUT
Celanese
CE
$4.86B
| $13.1M | ﹤0.01% |
112,800
+68,500
| +155% | +$7.42M |
|
2160
CALL
Elbit Systems
ESLT
$36.5B
| $13.1M | ﹤0.01% |
+62,500
| New | +$12.1M |
|
2161
PUT
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.49B
| $13M | ﹤0.01% |
751,300
+470,300
| +167% | +$5.63M |
|
2162
Sun Communities
SUI
$14.6B
| $13M | ﹤0.01% |
99,925
-96,610
| -49% | -$12.9M |
|
2163
PUT
Royal Bank of Canada
RY
$299B
| $13M | ﹤0.01% |
136,400
-600
| -0.4% | -$57.3K |
|
2164
PUT
Vanguard Long-Term Treasury ETF
VGLT
$10.4B
| $13M | ﹤0.01% |
204,900
+119,000
| +139% | +$7.63M |
|
2165
CALL
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
| $13M | ﹤0.01% |
65,400
+8,700
| +15% | +$1.64M |
|
2166
CALL
Equifax
EFX
$21.8B
| $13M | ﹤0.01% |
55,200
+15,700
| +40% | +$3.3M |
|
2167
CALL
Credo Technology Group
CRDO
$49.6B
| $13M | ﹤0.01% |
748,200
+329,000
| +78% | +$3.91M |
|
|
EBIX
2168
PUT
DELISTED
Ebix Inc
EBIX
| $13M | ﹤0.01% |
514,700
+255,600
| +99% | +$4.79M |
|
2169
PUT
Thor Industries
THO
$4.11B
| $13M | ﹤0.01% |
125,300
-61,600
| -33% | -$5.2M |
|
2170
PUT
Alaska Air
ALK
$5.3B
| $13M | ﹤0.01% |
243,700
-42,200
| -15% | -$1.92M |
|
2171
CALL
Arbor Realty Trust
ABR
$981M
| $13M | ﹤0.01% |
873,900
+283,600
| +48% | +$3.51M |
|
2172
Copa Holdings
CPA
$6.17B
| $12.9M | ﹤0.01% |
+117,096
| New | +$11.7M |
|
2173
Williams-Sonoma
WSM
$28.5B
| $12.9M | ﹤0.01% |
206,894
+174,386
| +536% | +$10.4M |
|
2174
CALL
Sanofi
SNY
$105B
| $12.9M | ﹤0.01% |
240,100
-123,100
| -34% | -$6.62M |
|
2175
RB Global
RBA
$16B
| $12.9M | ﹤0.01% |
215,200
-260,835
| -55% | -$14.7M |
|
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.