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 | |
|---|---|---|---|---|---|---|
3101
Molson Coors Class B
TAP
$7.97B
| $6.77M | ﹤0.01% |
111,254
-1,752
| -2% | -$101K |
|
3102
CALL
Zimmer Biomet
ZBH
$19.2B
| $6.77M | ﹤0.01% |
59,800
+900
| +2% | +$96.3K |
|
3103
CALL
Manulife Financial
MFC
$73.8B
| $6.77M | ﹤0.01% |
217,200
-88,000
| -29% | -$2.66M |
|
3104
Knife River
KNF
$3.77B
| $6.77M | ﹤0.01% |
75,000
+50,343
| +204% | +$4.9M |
|
3105
Builders FirstSource
BLDR
$7.8B
| $6.76M | ﹤0.01% |
54,113
-17,519
| -24% | -$2.55M |
|
3106
PBF Energy
PBF
$8.52B
| $6.76M | ﹤0.01% |
354,114
+251,644
| +246% | +$6.26M |
|
3107
CareTrust REIT
CTRE
$9.16B
| $6.76M | ﹤0.01% |
236,502
+125,549
| +113% | +$3.37M |
|
3108
Anavex Life Sciences
AVXL
$298M
| $6.75M | ﹤0.01% |
787,100
-347,638
| -31% | -$3.28M |
|
|
FNGA
3109
DELISTED
MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038
FNGA
| $6.75M | ﹤0.01% |
18,752
-9,678
| -34% | -$5.3M |
|
3110
CALL
Kratos Defense & Security Solutions
KTOS
$12.1B
| $6.75M | ﹤0.01% |
227,300
-167,200
| -42% | -$5.07M |
|
3111
TriNet
TNET
$3.16B
| $6.75M | ﹤0.01% |
85,147
+5,635
| +7% | +$468K |
|
3112
PUT
Darling Ingredients
DAR
$10.6B
| $6.74M | ﹤0.01% |
215,600
-120,300
| -36% | -$4.21M |
|
3113
CALL
Invesco KBW Bank ETF
KBWB
$6.87B
| $6.74M | ﹤0.01% |
107,300
+75,900
| +242% | +$5.1M |
|
3114
Construction Partners
ROAD
$6.9B
| $6.73M | ﹤0.01% |
93,684
-53,912
| -37% | -$4.25M |
|
3115
CALL
American Water Works
AWK
$27.1B
| $6.73M | ﹤0.01% |
45,600
+18,500
| +68% | +$2.44M |
|
3116
Hilton Grand Vacations
HGV
$3.57B
| $6.72M | ﹤0.01% |
179,695
+144,426
| +409% | +$5.76M |
|
3117
Bank OZK
OZK
$5.72B
| $6.72M | ﹤0.01% |
154,615
+97,706
| +172% | +$4.62M |
|
3118
PUT
Tower Semiconductor
TSEM
$30B
| $6.71M | ﹤0.01% |
188,300
-169,000
| -47% | -$7.64M |
|
|
AD
3119
CALL
Array Digital Infrastructure
AD
$3.11B
| $6.71M | ﹤0.01% |
97,100
+33,200
| +52% | +$2.15M |
|
3120
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.7B
| $6.71M | ﹤0.01% |
121,738
-352,607
| -74% | -$19.8M |
|
3121
Axos Financial
AX
$5.8B
| $6.7M | ﹤0.01% |
103,888
+63,161
| +155% | +$4.28M |
|
3122
PUT
Western Alliance Bancorporation
WAL
$8.98B
| $6.7M | ﹤0.01% |
87,200
-137,200
| -61% | -$11.5M |
|
3123
Watts Water Technologies
WTS
$12.8B
| $6.7M | ﹤0.01% |
32,850
+17,230
| +110% | +$3.61M |
|
3124
CALL
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$39.8M
| $6.7M | ﹤0.01% |
71,030
+27,070
| +62% | +$1.98M |
|
3125
CNX Resources
CNX
$5.28B
| $6.7M | ﹤0.01% |
212,728
-203,369
| -49% | -$6.13M |
|
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.