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 | |
|---|---|---|---|---|---|---|
5001
LiveRamp
RAMP
$2.3B
| $2.55M | ﹤0.01% |
97,488
+54,264
| +126% | +$1.66M |
|
5002
CALL
Kingstone Companies
KINS
$285M
| $2.55M | ﹤0.01% |
153,000
-276,900
| -64% | -$4.42M |
|
5003
Neogen
NEOG
$2.54B
| $2.55M | ﹤0.01% |
293,638
-104,120
| -26% | -$1.09M |
|
5004
MillerKnoll
MLKN
$1.62B
| $2.55M | ﹤0.01% |
133,000
+65,501
| +97% | +$1.39M |
|
5005
Buckle
BKE
$2.27B
| $2.55M | ﹤0.01% |
66,428
+21,365
| +47% | +$925K |
|
5006
Talos Energy
TALO
$2.63B
| $2.54M | ﹤0.01% |
261,772
-18,960
| -7% | -$180K |
|
5007
Galicia Financial Group
GGAL
$6.97B
| $2.54M | ﹤0.01% |
46,686
-4,291
| -8% | -$267K |
|
5008
CALL
Canadian Solar
CSIQ
$1.03B
| $2.54M | ﹤0.01% |
293,900
-74,600
| -20% | -$786K |
|
5009
Wabtec
WAB
$50.5B
| $2.54M | ﹤0.01% |
14,007
-77,986
| -85% | -$15M |
|
5010
Vulcan Materials
VMC
$36.5B
| $2.54M | ﹤0.01% |
10,883
-44,499
| -80% | -$11.3M |
|
5011
WisdomTree Trust WisdomTree Interest Rate Hedged High Yield Bond Fund
HYZD
$260M
| $2.53M | ﹤0.01% |
115,633
+105,898
| +1,088% | +$2.37M |
|
5012
Perdoceo Education
PRDO
$2B
| $2.53M | ﹤0.01% |
100,519
+40,302
| +67% | +$1.07M |
|
5013
Equinox Gold
EQX
$13.5B
| $2.53M | ﹤0.01% |
367,854
-370,560
| -50% | -$2.37M |
|
5014
Franklin Financial Services
FRAF
$288M
| $2.53M | ﹤0.01% |
71,349
+33,540
| +89% | +$1.17M |
|
|
HIMX
5015
PUT
Himax Technologies
HIMX
$2.66B
| $2.53M | ﹤0.01% |
343,900
+104,400
| +44% | +$966K |
|
5016
PUT
Terex
TEX
$7.76B
| $2.53M | ﹤0.01% |
66,900
-2,500
| -4% | -$109K |
|
5017
CALL
The Honest Company
HNST
$519M
| $2.53M | ﹤0.01% |
537,600
+249,400
| +87% | +$1.43M |
|
|
PENG
5018
CALL
Penguin Solutions Inc
PENG
$3.27B
| $2.53M | ﹤0.01% |
145,400
+128,800
| +776% | +$2.53M |
|
5019
Coinshares Bitcoin ETF
BRRR
$396M
| $2.52M | ﹤0.01% |
+108,360
| New | +$2.85M |
|
5020
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
| $2.52M | ﹤0.01% |
+83,836
| New | +$2.51M |
|
5021
iShares S&P 100 ETF
OEF
$20.5B
| $2.52M | ﹤0.01% |
9,314
-11,281
| -55% | -$3.24M |
|
5022
SharkNinja
SN
$26.1B
| $2.52M | ﹤0.01% |
30,232
-6,621
| -18% | -$674K |
|
5023
FB Financial Corp
FBK
$3.09B
| $2.52M | ﹤0.01% |
54,383
+35,790
| +192% | +$1.79M |
|
5024
Coca-Cola Consolidated
COKE
$12.6B
| $2.52M | ﹤0.01% |
18,670
+4,300
| +30% | +$578K |
|
5025
CALL
Medifast
MED
$128M
| $2.52M | ﹤0.01% |
186,700
+54,900
| +42% | +$825K |
|
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.