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 | |
|---|---|---|---|---|---|---|
|
ETHA
3176
iShares Ethereum Trust ETF
ETHA
$5.54B
| $6.49M | ﹤0.01% |
469,913
+360,921
| +331% | +$7.19M |
|
3177
CALL
Direxion Daily NVDA Bull 2X ETF
NVDU
$636M
| $6.49M | ﹤0.01% |
123,400
+71,500
| +138% | +$5.56M |
|
3178
Liberty Live Group Series A
LLYVA
$9.66B
| $6.49M | ﹤0.01% |
96,545
-183,393
| -66% | -$12.8M |
|
3179
PACCAR
PCAR
$68.8B
| $6.49M | ﹤0.01% |
66,605
-173,166
| -72% | -$18.3M |
|
|
NNE
3180
PUT
Nano Nuclear Energy
NNE
$1.06B
| $6.48M | ﹤0.01% |
245,000
-329,700
| -57% | -$10.1M |
|
3181
PUT
dLocal
DLO
$4.17B
| $6.48M | ﹤0.01% |
777,300
+339,000
| +77% | +$3.82M |
|
3182
Vanguard Health Care ETF
VHT
$18.9B
| $6.48M | ﹤0.01% |
24,469
-2,035
| -8% | -$542K |
|
3183
AvalonBay Communities
AVB
$26.3B
| $6.47M | ﹤0.01% |
30,144
-25,342
| -46% | -$5.5M |
|
3184
BioMarin Pharmaceuticals
BMRN
$13B
| $6.47M | ﹤0.01% |
91,480
+506
| +0.6% | +$34K |
|
3185
NBT Bancorp
NBTB
$2.78B
| $6.46M | ﹤0.01% |
150,689
+53,528
| +55% | +$2.47M |
|
3186
Ryman Hospitality Properties
RHP
$7.92B
| $6.46M | ﹤0.01% |
70,691
-50,542
| -42% | -$5.07M |
|
3187
CALL
Frontline
FRO
$9.17B
| $6.46M | ﹤0.01% |
434,800
-30,800
| -7% | -$509K |
|
3188
Red Cat Holdings
RCAT
$1.7B
| $6.45M | ﹤0.01% |
1,097,660
-1,069,157
| -49% | -$8.57M |
|
3189
State Street SPDR S&P Homebuilders ETF
XHB
$1.59B
| $6.44M | ﹤0.01% |
66,475
-74,755
| -53% | -$7.75M |
|
3190
PUT
YieldMax NVDA Option Income Strategy ETF
NVDY
$1.47B
| $6.44M | ﹤0.01% |
418,500
+139,900
| +50% | +$2.75M |
|
3191
PUT
Huntington Bancshares
HBAN
$36.2B
| $6.43M | ﹤0.01% |
428,700
+2,500
| +0.6% | +$40.3K |
|
3192
PUT
Camden Property Trust
CPT
$11.1B
| $6.43M | ﹤0.01% |
52,600
+26,900
| +105% | +$3.16M |
|
3193
CALL
Mueller Industries
MLI
$14.6B
| $6.43M | ﹤0.01% |
168,800
+151,000
| +848% | +$6.03M |
|
3194
KB Home
KBH
$3.44B
| $6.42M | ﹤0.01% |
110,546
+35,077
| +46% | +$2.23M |
|
3195
PUT
Icon
ICLR
$12.6B
| $6.42M | ﹤0.01% |
36,700
+17,400
| +90% | +$3.37M |
|
3196
PUT
Zeta Global
ZETA
$7.29B
| $6.42M | ﹤0.01% |
473,500
-382,500
| -45% | -$6.83M |
|
3197
PUT
Honda
HMC
$41B
| $6.42M | ﹤0.01% |
236,600
-10,000
| -4% | -$285K |
|
3198
Portland General Electric
POR
$5.97B
| $6.41M | ﹤0.01% |
143,729
+98,877
| +220% | +$4.24M |
|
3199
PUT
DigitalOcean
DOCN
$15.3B
| $6.4M | ﹤0.01% |
191,600
+66,400
| +53% | +$2.6M |
|
3200
Norfolk Southern
NSC
$75.1B
| $6.4M | ﹤0.01% |
27,004
-73,670
| -73% | -$18M |
|
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.