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 | |
|---|---|---|---|---|---|---|
2351
iShares Core S&P 500 ETF
IVV
$910B
| $11.1M | ﹤0.01% |
24,957
+21,519
| +626% | +$9.07M |
|
2352
F5
FFIV
$23.6B
| $11.1M | ﹤0.01% |
75,947
+37,198
| +96% | +$5.29M |
|
2353
Unilever
UL
$135B
| $11.1M | ﹤0.01% |
189,369
+154,360
| +441% | +$9.17M |
|
|
SAVE
2354
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
| $11.1M | ﹤0.01% |
646,800
+77,200
| +14% | +$1.26M |
|
2355
CALL
Repligen
RGEN
$9.45B
| $11.1M | ﹤0.01% |
78,400
-25,200
| -24% | -$4.04M |
|
2356
CALL
East-West Bancorp
EWBC
$18.6B
| $11.1M | ﹤0.01% |
209,900
+75,100
| +56% | +$3.81M |
|
2357
Equifax
EFX
$21.8B
| $11.1M | ﹤0.01% |
47,057
-28,867
| -38% | -$6.08M |
|
2358
CALL
iShares Russell 1000 ETF
IWB
$50.5B
| $11.1M | ﹤0.01% |
45,400
+13,000
| +40% | +$2.99M |
|
|
NOVA
2359
CALL
DELISTED
Sunnova Energy
NOVA
| $11.1M | ﹤0.01% |
604,100
+427,300
| +242% | +$7.24M |
|
2360
IQVIA
IQV
$39.8B
| $11.1M | ﹤0.01% |
49,194
-47,815
| -49% | -$9.6M |
|
2361
Biogen
BIIB
$31.1B
| $11M | ﹤0.01% |
38,781
-51,337
| -57% | -$15.3M |
|
|
HDV
2362
CALL
iShares Core High Dividend ETF
HDV
$15.1B
| $11M | ﹤0.01% |
548,000
+16,500
| +3% | +$332K |
|
2363
Markel Group
MKL
$22.8B
| $11M | ﹤0.01% |
7,983
+1,510
| +23% | +$2.02M |
|
|
FLNA
2364
CALL
Filana Therapeutics
FLNA
$45.7M
| $11M | ﹤0.01% |
449,900
-193,900
| -30% | -$4.67M |
|
2365
PUT
American Eagle Outfitters
AEO
$2.73B
| $11M | ﹤0.01% |
934,500
-143,200
| -13% | -$1.79M |
|
2366
PUT
Noble Corp
NE
$7.07B
| $11M | ﹤0.01% |
266,500
+6,300
| +2% | +$243K |
|
|
FYBR
2367
CALL
DELISTED
Frontier Communications
FYBR
| $11M | ﹤0.01% |
589,200
+506,000
| +608% | +$9.5M |
|
2368
Scorpio Tankers
STNG
$3.93B
| $11M | ﹤0.01% |
232,498
-43,075
| -16% | -$2.13M |
|
2369
PUT
Penumbra
PEN
$12.9B
| $11M | ﹤0.01% |
31,900
-6,500
| -17% | -$2M |
|
2370
AMC Entertainment Holdings
AMC
$2.35B
| $11M | ﹤0.01% |
249,310
-288,346
| -54% | -$14.2M |
|
2371
Canadian Imperial Bank of Commerce
CM
$112B
| $11M | ﹤0.01% |
257,017
+118,817
| +86% | +$5.02M |
|
2372
PUT
Metropolitan Bank Holding Corp
MCB
$1.17B
| $10.9M | ﹤0.01% |
315,200
+217,300
| +222% | +$6.54M |
|
2373
CALL
iShares Russell 3000 ETF
IWV
$20.6B
| $10.9M | ﹤0.01% |
43,000
+28,900
| +205% | +$6.95M |
|
|
AEPPZ
2374
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
| $10.9M | ﹤0.01% |
220,173
-145,827
| -40% | -$7.27M |
|
2375
CALL
Phreesia
PHR
$780M
| $10.9M | ﹤0.01% |
352,600
+335,500
| +1,962% | +$10.5M |
|
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.