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 | |
|---|---|---|---|---|---|---|
3301
Fidelity MSCI Materials Index ETF
FMAT
$614M
| $6.03M | ﹤0.01% |
+124,866
| New | +$6.21M |
|
3302
Axsome Therapeutics
AXSM
$11.2B
| $6.03M | ﹤0.01% |
51,726
+32,956
| +176% | +$3.75M |
|
3303
Southwest Gas
SWX
$6.71B
| $6.03M | ﹤0.01% |
83,978
+52,374
| +166% | +$3.88M |
|
3304
Qualys
QLYS
$6.44B
| $6.03M | ﹤0.01% |
47,874
+27,487
| +135% | +$3.72M |
|
3305
Henry Schein
HSIC
$10B
| $6.03M | ﹤0.01% |
88,012
+2,790
| +3% | +$206K |
|
3306
PVH
PVH
$3.8B
| $6.02M | ﹤0.01% |
93,205
+67,536
| +263% | +$5.46M |
|
3307
PUT
UGI
UGI
$7.59B
| $6.02M | ﹤0.01% |
182,000
-79,800
| -30% | -$2.53M |
|
3308
CALL
Extra Space Storage
EXR
$31.2B
| $6.01M | ﹤0.01% |
40,500
+10,600
| +35% | +$1.61M |
|
3309
PUT
Protagonist Therapeutics
PTGX
$10B
| $6.01M | ﹤0.01% |
124,200
+34,700
| +39% | +$1.45M |
|
3310
CALL
Vanguard Energy ETF
VDE
$10.6B
| $6.01M | ﹤0.01% |
46,300
-56,400
| -55% | -$7.12M |
|
3311
Iovance Biotherapeutics
IOVA
$3.16B
| $6M | ﹤0.01% |
1,802,193
-860,502
| -32% | -$4.44M |
|
3312
CALL
Jones Lang LaSalle
JLL
$17.3B
| $6M | ﹤0.01% |
24,200
+15,400
| +175% | +$4.05M |
|
3313
Teladoc Health
TDOC
$1.24B
| $6M | ﹤0.01% |
753,419
-188,944
| -20% | -$1.91M |
|
|
3314
CALL
Qualys
QLYS
$6.44B
| $5.99M | ﹤0.01% |
47,600
+19,600
| +70% | +$2.65M |
|
3315
Fulton Financial
FULT
$4.72B
| $5.99M | ﹤0.01% |
331,055
+222,638
| +205% | +$4.34M |
|
3316
PUT
Wabtec
WAB
$50.5B
| $5.98M | ﹤0.01% |
33,000
-43,900
| -57% | -$8.42M |
|
3317
Towne Bank
TOWN
$3.5B
| $5.98M | ﹤0.01% |
174,970
+77,390
| +79% | +$2.73M |
|
3318
PUT
Bitdeer Technologies
BTDR
$2.48B
| $5.97M | ﹤0.01% |
676,300
+151,000
| +29% | +$2.26M |
|
3319
Darling Ingredients
DAR
$10.6B
| $5.97M | ﹤0.01% |
191,073
-134,768
| -41% | -$4.71M |
|
3320
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$534M
| $5.97M | ﹤0.01% |
97,273
+87,865
| +934% | +$4.34M |
|
3321
CALL
Biohaven
BHVN
$2.21B
| $5.96M | ﹤0.01% |
248,100
-34,200
| -12% | -$1.21M |
|
3322
CALL
Vista Energy
VIST
$7.56B
| $5.96M | ﹤0.01% |
128,000
-313,000
| -71% | -$16.2M |
|
3323
JPMorgan BetaBuilders US Treasury Bond 1-3 Year ETF
BBSB
$55.2M
| $5.96M | ﹤0.01% |
+60,139
| New | +$5.92M |
|
3324
CALL
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.3B
| $5.96M | ﹤0.01% |
74,100
-155,700
| -68% | -$13.6M |
|
3325
Visteon
VC
$2.89B
| $5.95M | ﹤0.01% |
76,689
+28,477
| +59% | +$2.4M |
|
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.