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 | |
|---|---|---|---|---|---|---|
4151
CALL
Harmony Biosciences
HRMY
$2.22B
| $3.85M | ﹤0.01% |
116,000
+11,000
| +10% | +$394K |
|
4152
CALL
Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
$441M
| $3.85M | ﹤0.01% |
125,400
+5,600
| +5% | +$175K |
|
|
SASR
4153
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.85M | ﹤0.01% |
137,710
+56,764
| +70% | +$1.81M |
|
4154
PUT
M/I Homes
MHO
$3.85B
| $3.85M | ﹤0.01% |
33,700
-1,800
| -5% | -$221K |
|
4155
CALL
Aurinia Pharmaceuticals
AUPH
$2.06B
| $3.85M | ﹤0.01% |
478,400
+348,100
| +267% | +$2.82M |
|
4156
PUT
InterDigital
IDCC
$8.87B
| $3.85M | ﹤0.01% |
18,600
+7,800
| +72% | +$1.57M |
|
4157
CALL
Cullen/Frost Bankers
CFR
$10.6B
| $3.84M | ﹤0.01% |
30,700
-93,800
| -75% | -$12.6M |
|
4158
CALL
Bentley Systems
BSY
$10.9B
| $3.84M | ﹤0.01% |
97,600
+54,500
| +126% | +$2.43M |
|
4159
PUT
SSR Mining
SSRM
$6.56B
| $3.84M | ﹤0.01% |
382,600
+152,400
| +66% | +$1.41M |
|
|
KGEI
4160
Kolibri Global Energy
KGEI
$206M
| $3.83M | ﹤0.01% |
457,049
+324,501
| +245% | +$2.44M |
|
4161
CALL
ADT
ADT
$5.47B
| $3.83M | ﹤0.01% |
471,000
+157,600
| +50% | +$1.19M |
|
|
LKFT
4162
PUT
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.8B
| $3.83M | ﹤0.01% |
152,600
+103,300
| +210% | +$2.61M |
|
|
JKS
4163
CALL
JinkoSolar
JKS
$877M
| $3.83M | ﹤0.01% |
205,600
-249,500
| -55% | -$5.55M |
|
4164
Blackbaud
BLKB
$2.05B
| $3.83M | ﹤0.01% |
61,663
+40,217
| +188% | +$2.86M |
|
4165
MarketAxess Holdings
MKTX
$5.72B
| $3.82M | ﹤0.01% |
17,662
-9,903
| -36% | -$2.08M |
|
4166
Global X Silver Miners ETF NEW
SIL
$4.79B
| $3.82M | ﹤0.01% |
96,859
-99,754
| -51% | -$3.59M |
|
4167
Compass
COMP
$9.99B
| $3.82M | ﹤0.01% |
437,607
+184,460
| +73% | +$1.46M |
|
4168
PUT
Teekay Tankers
TNK
$2.95B
| $3.82M | ﹤0.01% |
99,800
+84,300
| +544% | +$3.41M |
|
4169
Citizens
CIA
$201M
| $3.81M | ﹤0.01% |
838,322
+281,446
| +51% | +$1.36M |
|
4170
CarMax
KMX
$8.5B
| $3.81M | ﹤0.01% |
48,935
-60,142
| -55% | -$4.82M |
|
|
FYBR
4171
CALL
DELISTED
Frontier Communications
FYBR
| $3.81M | ﹤0.01% |
106,300
-463,100
| -81% | -$16.5M |
|
4172
CALL
Vanguard Long-Term Bond ETF
BLV
$5.7B
| $3.81M | ﹤0.01% |
54,100
+37,800
| +232% | +$2.62M |
|
4173
CALL
Quaker Houghton
KWR
$2.94B
| $3.81M | ﹤0.01% |
30,800
-1,700
| -5% | -$231K |
|
4174
Capital Group Global Growth Equity ETF
CGGO
$12.1B
| $3.8M | ﹤0.01% |
134,308
-57,795
| -30% | -$1.72M |
|
4175
NetApp
NTAP
$40.6B
| $3.8M | ﹤0.01% |
43,312
-39,932
| -48% | -$4.41M |
|
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.