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 | |
|---|---|---|---|---|---|---|
5726
Global X Adaptive US Factor ETF
AUSF
$918M
| $1.83M | ﹤0.01% |
41,849
+6,969
| +20% | +$301K |
|
5727
CALL
Vanguard Extended Market ETF
VXF
$32.3B
| $1.83M | ﹤0.01% |
10,600
-10,200
| -49% | -$1.93M |
|
5728
PUT
Uranium Energy
UEC
$5.55B
| $1.83M | ﹤0.01% |
381,900
-529,800
| -58% | -$3.32M |
|
5729
Select Water Solutions
WTTR
$2.69B
| $1.82M | ﹤0.01% |
173,785
-151,786
| -47% | -$1.84M |
|
|
BFIN
5730
DELISTED
BankFinancial
BFIN
| $1.82M | ﹤0.01% |
144,216
+76,603
| +113% | +$978K |
|
5731
SB Financial Group
SBFG
$170M
| $1.82M | ﹤0.01% |
87,527
+46,391
| +113% | +$987K |
|
5732
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.36B
| $1.82M | ﹤0.01% |
+72,255
| New | +$1.85M |
|
5733
PUT
East-West Bancorp
EWBC
$18.7B
| $1.82M | ﹤0.01% |
20,300
+7,500
| +59% | +$715K |
|
5734
PUT
Vitesse Energy
VTS
$683M
| $1.82M | ﹤0.01% |
74,100
+19,500
| +36% | +$499K |
|
5735
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$675M
| $1.82M | ﹤0.01% |
44,220
+12,540
| +40% | +$701K |
|
|
CPSN
5736
Calamos S&P 500 Structured Alt Protection ETF - November
CPSN
$36.5M
| $1.82M | ﹤0.01% |
+72,171
| New | +$1.83M |
|
5737
PUT
Ambev
ABEV
$43.2B
| $1.82M | ﹤0.01% |
781,700
-39,200
| -5% | -$78.4K |
|
5738
CALL
United Bankshares
UBSI
$6.71B
| $1.82M | ﹤0.01% |
52,500
-17,900
| -25% | -$656K |
|
5739
State Street SPDR S&P Health Care Equipment ETF
XHE
$169M
| $1.82M | ﹤0.01% |
22,140
-1,312
| -6% | -$117K |
|
5740
CALL
ProShares Ultra Financials
UYG
$860M
| $1.82M | ﹤0.01% |
20,400
-5,600
| -22% | -$510K |
|
5741
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.14B
| $1.82M | ﹤0.01% |
17,017
-22,325
| -57% | -$2.57M |
|
5742
Limbach Holdings
LMB
$543M
| $1.82M | ﹤0.01% |
24,417
+17,339
| +245% | +$1.52M |
|
5743
CALL
Danaos Corp
DAC
$2.58B
| $1.82M | ﹤0.01% |
23,300
-110,900
| -83% | -$8.9M |
|
5744
CALL
Photronics
PLAB
$1.96B
| $1.82M | ﹤0.01% |
87,500
+24,800
| +40% | +$552K |
|
5745
PUT
Petco
WOOF
$805M
| $1.82M | ﹤0.01% |
595,100
-25,100
| -4% | -$78.6K |
|
5746
CALL
Henry Schein
HSIC
$10B
| $1.81M | ﹤0.01% |
26,500
-500
| -2% | -$36.9K |
|
5747
CALL
Aspen Aerogels
ASPN
$485M
| $1.81M | ﹤0.01% |
283,900
-330,400
| -54% | -$3.19M |
|
5748
PUT
Edgewise Therapeutics
EWTX
$4.8B
| $1.81M | ﹤0.01% |
82,400
+18,100
| +28% | +$475K |
|
|
TGI
5749
CALL
DELISTED
Triumph Group
TGI
| $1.81M | ﹤0.01% |
71,500
+34,900
| +95% | +$808K |
|
|
SUPV
5750
PUT
Grupo Supervielle
SUPV
$705M
| $1.81M | ﹤0.01% |
138,600
+54,900
| +66% | +$836K |
|
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.