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 | |
|---|---|---|---|---|---|---|
5676
SFL Corp
SFL
$1.64B
| $1.88M | ﹤0.01% |
229,369
+109,913
| +92% | +$1.06M |
|
|
SCHV
5677
Schwab US Large-Cap Value ETF
SCHV
$16.3B
| $1.88M | ﹤0.01% |
70,632
+42,946
| +155% | +$1.15M |
|
5678
Travelzoo
TZOO
$72.8M
| $1.88M | ﹤0.01% |
137,700
+26,575
| +24% | +$477K |
|
5679
Fluence Energy
FLNC
$2.43B
| $1.88M | ﹤0.01% |
386,949
+227,392
| +143% | +$2.18M |
|
5680
CALL
RPM International
RPM
$14.5B
| $1.87M | ﹤0.01% |
16,200
-7,700
| -32% | -$936K |
|
5681
PUT
Alcon
ALC
$35.9B
| $1.87M | ﹤0.01% |
19,700
-29,200
| -60% | -$2.62M |
|
5682
ProShares MSCI EAFE Dividend Growers ETF
EFAD
$64M
| $1.87M | ﹤0.01% |
48,188
-10,634
| -18% | -$409K |
|
|
CSW
5683
CALL
CSW Industrials
CSW
$5.62B
| $1.87M | ﹤0.01% |
6,400
+200
| +3% | +$64.9K |
|
|
SMAX
5684
iShares Large Cap Max Buffer Sep ETF
SMAX
$89.1M
| $1.87M | ﹤0.01% |
74,488
-12,722
| -15% | -$322K |
|
|
TWO
5685
Two Harbors Investment
TWO
$1.27B
| $1.86M | ﹤0.01% |
139,530
-32,153
| -19% | -$417K |
|
5686
Kopin
KOPN
$1.02B
| $1.86M | ﹤0.01% |
1,998,683
+426,221
| +27% | +$627K |
|
5687
CALL
Brookfield Renewable
BEPC
$6.59B
| $1.86M | ﹤0.01% |
66,700
-33,600
| -33% | -$921K |
|
5688
iShares MSCI USA Equal Weighted ETF
EUSA
$1.95B
| $1.86M | ﹤0.01% |
19,866
-27,859
| -58% | -$2.7M |
|
5689
First Majestic Silver
AG
$9.49B
| $1.86M | ﹤0.01% |
+277,657
| New | +$1.65M |
|
5690
CALL
Digital Turbine
APPS
$1.51B
| $1.86M | ﹤0.01% |
682,800
+429,600
| +170% | +$1.39M |
|
5691
Avnet
AVT
$7.86B
| $1.86M | ﹤0.01% |
38,605
-8,349
| -18% | -$423K |
|
5692
First Trust Emerging Markets Equity Select ETF
RNEM
$16.8M
| $1.86M | ﹤0.01% |
36,174
+10,279
| +40% | +$517K |
|
5693
A10 Networks
ATEN
$1.99B
| $1.85M | ﹤0.01% |
113,452
+49,876
| +78% | +$958K |
|
5694
Merchants Bancorp
MBIN
$2.52B
| $1.85M | ﹤0.01% |
50,060
+22,224
| +80% | +$877K |
|
|
LX
5695
CALL
LexinFintech Holdings
LX
$224M
| $1.85M | ﹤0.01% |
183,500
+35,500
| +24% | +$297K |
|
5696
CALL
Sixth Street Specialty
TSLX
$1.78B
| $1.85M | ﹤0.01% |
82,700
+58,600
| +243% | +$1.3M |
|
5697
CALL
Global X Cybersecurity ETF
BUG
$1.53B
| $1.85M | ﹤0.01% |
57,200
+50,100
| +706% | +$1.69M |
|
5698
Invesco CurrencyShares Swiss Franc Trust
FXF
$395M
| $1.85M | ﹤0.01% |
18,420
-34,955
| -65% | -$3.46M |
|
5699
Edgewell Personal Care
EPC
$1.31B
| $1.85M | ﹤0.01% |
59,182
+14,406
| +32% | +$453K |
|
5700
Corpay
CPAY
$27.4B
| $1.84M | ﹤0.01% |
5,289
-21,727
| -80% | -$7.85M |
|
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.