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 | |
|---|---|---|---|---|---|---|
3526
Altimmune
ALT
$572M
| $5.38M | ﹤0.01% |
1,076,064
+575,145
| +115% | +$3.64M |
|
3527
Eledon Pharmaceuticals
ELDN
$288M
| $5.38M | ﹤0.01% |
1,585,648
+1,316,623
| +489% | +$5.42M |
|
3528
Energy Fuels
UUUU
$3.77B
| $5.37M | ﹤0.01% |
1,440,120
+235,886
| +20% | +$1.13M |
|
3529
PUT
Legend Biotech
LEGN
$3.95B
| $5.37M | ﹤0.01% |
158,300
+52,500
| +50% | +$1.88M |
|
3530
Cullen/Frost Bankers
CFR
$10.6B
| $5.37M | ﹤0.01% |
42,894
+21,651
| +102% | +$2.91M |
|
3531
HSBC
HSBC
$356B
| $5.37M | ﹤0.01% |
93,481
+71,738
| +330% | +$3.92M |
|
3532
Solventum
SOLV
$15.1B
| $5.37M | ﹤0.01% |
70,569
-114,561
| -62% | -$8.53M |
|
|
GRAL
3533
CALL
GRAIL Inc
GRAL
$3.03B
| $5.37M | ﹤0.01% |
210,100
-33,400
| -14% | -$1.03M |
|
3534
US Treasury 6 Month Bill ETF
XBIL
$745M
| $5.36M | ﹤0.01% |
+106,853
| New | +$5.35M |
|
3535
SM Energy
SM
$8.03B
| $5.36M | ﹤0.01% |
178,950
+78,245
| +78% | +$2.81M |
|
3536
Piper Sandler
PIPR
$5.41B
| $5.35M | ﹤0.01% |
86,476
+54,316
| +169% | +$3.89M |
|
3537
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $5.34M | ﹤0.01% |
112,217
+104,655
| +1,384% | +$4.98M |
|
3538
PUT
Clearwater Paper
CLW
$345M
| $5.33M | ﹤0.01% |
210,100
+104,700
| +99% | +$2.92M |
|
3539
CALL
Rambus
RMBS
$10.9B
| $5.33M | ﹤0.01% |
102,900
-10,500
| -9% | -$617K |
|
3540
PUT
Newell Brands
NWL
$2.66B
| $5.33M | ﹤0.01% |
859,100
+478,400
| +126% | +$3.84M |
|
3541
iShares ESG Aware MSCI EM ETF
ESGE
$6.84B
| $5.31M | ﹤0.01% |
+151,899
| New | +$5.29M |
|
3542
PUT
Silicon Motion
SIMO
$9.12B
| $5.31M | ﹤0.01% |
105,000
+13,800
| +15% | +$746K |
|
3543
CALL
Clearway Energy Class C
CWEN
$7.01B
| $5.31M | ﹤0.01% |
175,300
+140,800
| +408% | +$3.83M |
|
3544
Yum! Brands
YUM
$40.4B
| $5.3M | ﹤0.01% |
33,710
-202,005
| -86% | -$29.1M |
|
|
DESP
3545
CALL
DELISTED
Despegar.com
DESP
| $5.3M | ﹤0.01% |
282,300
+199,200
| +240% | +$3.82M |
|
3546
CALL
Similarweb
SMWB
$779M
| $5.3M | ﹤0.01% |
641,000
-35,000
| -5% | -$431K |
|
3547
Cabot Corp
CBT
$4.54B
| $5.3M | ﹤0.01% |
63,714
+39,385
| +162% | +$3.39M |
|
3548
PUT
CBRE Group
CBRE
$44.3B
| $5.3M | ﹤0.01% |
40,500
-147,700
| -78% | -$20.1M |
|
|
DFS
3549
DELISTED
Discover Financial Services
DFS
| $5.29M | ﹤0.01% |
30,994
-83,801
| -73% | -$15.3M |
|
3550
PUT
Equity Residential
EQR
$24.7B
| $5.29M | ﹤0.01% |
73,900
+54,100
| +273% | +$3.82M |
|
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.