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 | |
|---|---|---|---|---|---|---|
2951
PUT
BigBear.ai
BBAI
$1.57B
| $7.39M | ﹤0.01% |
2,583,800
+613,600
| +31% | +$2.92M |
|
2952
iShares US Industrials ETF
IYJ
$1.97B
| $7.39M | ﹤0.01% |
56,758
+28,267
| +99% | +$3.83M |
|
2953
CALL
Darling Ingredients
DAR
$10.6B
| $7.39M | ﹤0.01% |
236,500
-192,600
| -45% | -$6.74M |
|
|
CDTX
2954
DELISTED
Cidara Therapeutics
CDTX
| $7.38M | ﹤0.01% |
342,476
+299,853
| +704% | +$6.66M |
|
2955
SPX Corp
SPXC
$10.9B
| $7.37M | ﹤0.01% |
57,268
+32,184
| +128% | +$4.61M |
|
|
FSUN
2956
FirstSun Capital Bancorp
FSUN
$1.81B
| $7.37M | ﹤0.01% |
203,738
+126,343
| +163% | +$5.03M |
|
2957
CALL
Safety Insurance
SAFT
$1.52B
| $7.36M | ﹤0.01% |
+93,300
| New | +$7.3M |
|
2958
Verra Mobility
VRRM
$717M
| $7.35M | ﹤0.01% |
326,736
+251,662
| +335% | +$6.06M |
|
2959
PUT
Idexx Laboratories
IDXX
$43.4B
| $7.35M | ﹤0.01% |
17,500
-156,300
| -90% | -$67.9M |
|
2960
CALL
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $7.35M | ﹤0.01% |
70,800
+22,500
| +47% | +$2.28M |
|
|
ANSS
2961
DELISTED
Ansys
ANSS
| $7.33M | ﹤0.01% |
23,169
-13,433
| -37% | -$4.51M |
|
2962
CALL
iShares Russell 2000 Growth ETF
IWO
$15.2B
| $7.33M | ﹤0.01% |
28,700
-90,800
| -76% | -$25.6M |
|
2963
CALL
Perrigo
PRGO
$1.81B
| $7.33M | ﹤0.01% |
261,300
-41,600
| -14% | -$1.08M |
|
2964
PUT
JB Hunt Transport Services
JBHT
$26.3B
| $7.32M | ﹤0.01% |
49,500
+5,500
| +13% | +$905K |
|
|
HOLX
2965
CALL
DELISTED
Hologic
HOLX
| $7.32M | ﹤0.01% |
118,500
-38,400
| -24% | -$2.54M |
|
2966
BorgWarner
BWA
$14B
| $7.31M | ﹤0.01% |
255,268
+106,428
| +72% | +$3.23M |
|
2967
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $7.31M | ﹤0.01% |
116,078
+101,184
| +679% | +$6.72M |
|
|
TEN
2968
PUT
Tsakos Energy Navigation Ltd
TEN
$1.25B
| $7.31M | ﹤0.01% |
428,300
+211,400
| +97% | +$3.68M |
|
|
AKRO
2969
DELISTED
Akero Therapeutics
AKRO
| $7.3M | ﹤0.01% |
180,390
+145,122
| +411% | +$6.15M |
|
2970
PUT
Check Point Software Technologies
CHKP
$13.4B
| $7.29M | ﹤0.01% |
32,000
-7,300
| -19% | -$1.55M |
|
2971
CALL
OSI Systems
OSIS
$3.76B
| $7.29M | ﹤0.01% |
37,500
+15,300
| +69% | +$2.91M |
|
|
2972
PUT
Perrigo
PRGO
$1.81B
| $7.29M | ﹤0.01% |
259,900
+137,900
| +113% | +$3.58M |
|
2973
CALL
Eos Energy Enterprises
EOSE
$1.46B
| $7.28M | ﹤0.01% |
1,926,900
-1,733,600
| -47% | -$8.45M |
|
2974
CALL
Snap-on
SNA
$20.9B
| $7.28M | ﹤0.01% |
21,600
+11,900
| +123% | +$4.04M |
|
2975
CALL
Evercore
EVR
$11.8B
| $7.27M | ﹤0.01% |
36,400
+19,100
| +110% | +$4.76M |
|
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.