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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.05B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.61B |
| 3 |
Tesla
TSLA
|
+$636M |
| 4 |
TSMC
TSM
|
+$604M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.25B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
Microsoft
MSFT
|
+$988M |
| 4 |
Meta Platforms (Facebook)
META
|
+$572M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$570M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2901
Southern Company
SO
$107B
| $7.63M | ﹤0.01% |
82,987
-335,037
| -80% | -$29M |
|
2902
PUT
Goodyear
GT
$1.76B
| $7.63M | ﹤0.01% |
825,300
-31,300
| -4% | -$286K |
|
2903
CALL
Incyte
INCY
$24.4B
| $7.62M | ﹤0.01% |
125,900
-58,100
| -32% | -$4.05M |
|
2904
DaVita
DVA
$11.5B
| $7.62M | ﹤0.01% |
49,809
+9,007
| +22% | +$1.42M |
|
2905
Entergy
ETR
$50.3B
| $7.6M | ﹤0.01% |
88,917
-99,451
| -53% | -$8.19M |
|
2906
CALL
Middleby
MIDD
$5.33B
| $7.6M | ﹤0.01% |
50,000
+37,900
| +313% | +$5.95M |
|
2907
Radian Group
RDN
$4.98B
| $7.6M | ﹤0.01% |
229,746
+142,901
| +165% | +$4.65M |
|
|
SMCX
2908
CALL
Defiance Daily Target 2X Long SMCI ETF
SMCX
$305M
| $7.59M | ﹤0.01% |
117,350
+40,250
| +52% | +$4.12M |
|
|
GRRR
2909
PUT
Gorilla Technology Group
GRRR
$454M
| $7.59M | ﹤0.01% |
256,500
+195,200
| +318% | +$4.43M |
|
2910
PUT
Workiva
WK
$3.84B
| $7.59M | ﹤0.01% |
100,000
+22,600
| +29% | +$2.13M |
|
2911
United Bankshares
UBSI
$6.71B
| $7.58M | ﹤0.01% |
218,668
+139,893
| +178% | +$5.13M |
|
2912
Nabors Industries
NBR
$1.39B
| $7.58M | ﹤0.01% |
181,661
+106,302
| +141% | +$5.41M |
|
|
MAG
2913
CALL
DELISTED
MAG Silver
MAG
| $7.57M | ﹤0.01% |
495,400
-94,600
| -16% | -$1.47M |
|
2914
MannKind Corp
MNKD
$1.24B
| $7.54M | ﹤0.01% |
1,498,039
+35,936
| +2% | +$201K |
|
|
RDFN
2915
PUT
DELISTED
Redfin
RDFN
| $7.53M | ﹤0.01% |
817,900
-594,700
| -42% | -$5.08M |
|
2916
First Financial Bankshares
FFIN
$5.06B
| $7.53M | ﹤0.01% |
209,660
+125,828
| +150% | +$4.62M |
|
2917
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.48B
| $7.53M | ﹤0.01% |
208,282
+17,086
| +9% | +$622K |
|
2918
CALL
Recursion Pharmaceuticals
RXRX
$1.69B
| $7.53M | ﹤0.01% |
1,423,100
+431,200
| +43% | +$3.14M |
|
2919
CALL
Procept Biorobotics
PRCT
$1.24B
| $7.52M | ﹤0.01% |
129,100
+44,600
| +53% | +$3.05M |
|
2920
Jefferies Financial Group
JEF
$12.7B
| $7.52M | ﹤0.01% |
140,368
+7,161
| +5% | +$486K |
|
|
NESR
2921
National Energy Services Reunited Corp
NESR
$3.66B
| $7.51M | ﹤0.01% |
1,020,712
+899,024
| +739% | +$7.76M |
|
2922
Kodiak Gas Services
KGS
$6.6B
| $7.51M | ﹤0.01% |
201,305
+89,390
| +80% | +$3.81M |
|
2923
CALL
Vanguard Financials ETF
VFH
$14B
| $7.5M | ﹤0.01% |
62,800
+18,200
| +41% | +$2.22M |
|
2924
Core & Main
CNM
$8.61B
| $7.5M | ﹤0.01% |
155,223
+55,889
| +56% | +$2.9M |
|
2925
PUT
EPR Properties
EPR
$4.69B
| $7.5M | ﹤0.01% |
142,500
+52,000
| +57% | +$2.55M |
|
Similar funds
Susquehanna International Group's Q1 2025 Portfolio in Review
As of Q1 2025, Susquehanna International Group held 13,842 positions worth $586B, down 12% from $663B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Susquehanna International Group withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in Brookfield Asset Management worth $86M.
- Susquehanna International Group's largest Q1 2025 buy was Brookfield Asset Management: 1,775,684 shares worth $86M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $4.05B increase.
- Susquehanna International Group's biggest Q1 2025 reduction was Invesco QQQ Trust, cutting an estimated $1.25B.
- Susquehanna International Group fully exited Inari Medical, Inc. Common Stock in Q1 2025, selling an estimated $24M.
- Susquehanna International Group's ten largest holdings make up 28% of its $586B portfolio in Q1 2025.
- Susquehanna International Group opened 1,775 new positions and closed 1,483 in Q1 2025.
- Susquehanna International Group's portfolio value fell 12% quarter-over-quarter to $586B.
Based on Susquehanna International Group's 13F filing for Q1 2025, filed 14 May 2025.