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 | |
|---|---|---|---|---|---|---|
3001
Bloom Energy
BE
$67.7B
| $7.15M | ﹤0.01% |
363,585
+28,014
| +8% | +$669K |
|
|
CHX
3002
DELISTED
ChampionX
CHX
| $7.15M | ﹤0.01% |
239,833
+33,662
| +16% | +$983K |
|
3003
CALL
AppFolio
APPF
$7.23B
| $7.15M | ﹤0.01% |
32,500
+600
| +2% | +$138K |
|
3004
Allstate
ALL
$66.1B
| $7.14M | ﹤0.01% |
34,503
-89,788
| -72% | -$17.5M |
|
3005
TE Connectivity
TEL
$62.6B
| $7.13M | ﹤0.01% |
50,435
-210,628
| -81% | -$31.2M |
|
3006
PUT
Symbotic
SYM
$5.55B
| $7.12M | ﹤0.01% |
352,200
-464,600
| -57% | -$11.9M |
|
3007
PUT
Ameriprise Financial
AMP
$50.3B
| $7.12M | ﹤0.01% |
14,700
+4,200
| +40% | +$2.2M |
|
3008
PUT
CoreCivic
CXW
$3.25B
| $7.11M | ﹤0.01% |
350,300
-20,200
| -5% | -$406K |
|
3009
Autodesk
ADSK
$53.1B
| $7.11M | ﹤0.01% |
27,146
-61,874
| -70% | -$17.6M |
|
3010
Cardinal Health
CAH
$54.7B
| $7.1M | ﹤0.01% |
51,569
-197,458
| -79% | -$25.2M |
|
3011
Freedom Holding
FRHC
$9.34B
| $7.1M | ﹤0.01% |
53,752
+50,122
| +1,381% | +$7M |
|
3012
PUT
Hormel Foods
HRL
$13.5B
| $7.1M | ﹤0.01% |
229,500
+37,300
| +19% | +$1.11M |
|
3013
PUT
First Majestic Silver
AG
$9.49B
| $7.1M | ﹤0.01% |
1,061,100
-84,400
| -7% | -$503K |
|
3014
Delcath Systems
DCTH
$581M
| $7.1M | ﹤0.01% |
557,400
+138,791
| +33% | +$1.97M |
|
|
JBTM
3015
JBT Marel
JBTM
$6.23B
| $7.09M | ﹤0.01% |
58,029
-74,228
| -56% | -$9.4M |
|
3016
iShares Russell 2500 ETF
SMMD
$3.78B
| $7.09M | ﹤0.01% |
113,365
+104,652
| +1,201% | +$7.05M |
|
3017
BlackBerry
BB
$5.22B
| $7.09M | ﹤0.01% |
1,880,502
-1,135,664
| -38% | -$5.17M |
|
3018
Frontline
FRO
$9.17B
| $7.09M | ﹤0.01% |
477,183
+186,654
| +64% | +$3.09M |
|
|
3019
Hormel Foods
HRL
$13.5B
| $7.08M | ﹤0.01% |
228,701
+41,220
| +22% | +$1.22M |
|
|
APLS
3020
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $7.07M | ﹤0.01% |
323,500
-535,700
| -62% | -$14.8M |
|
3021
Acadia Pharmaceuticals
ACAD
$4.87B
| $7.07M | ﹤0.01% |
425,470
-498,015
| -54% | -$9.05M |
|
3022
Old Dominion Freight Line
ODFL
$43.7B
| $7.06M | ﹤0.01% |
42,645
-52,823
| -55% | -$9.6M |
|
3023
Funko
FNKO
$344M
| $7.06M | ﹤0.01% |
1,028,487
+857,837
| +503% | +$9.97M |
|
3024
CALL
Haemonetics
HAE
$4.13B
| $7.05M | ﹤0.01% |
111,000
+21,800
| +24% | +$1.48M |
|
3025
Pentair
PNR
$10.6B
| $7.05M | ﹤0.01% |
80,616
+18,130
| +29% | +$1.73M |
|
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.