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 | |
|---|---|---|---|---|---|---|
3151
Spire
SR
$4.9B
| $6.6M | ﹤0.01% |
84,342
+56,354
| +201% | +$4.12M |
|
3152
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $6.58M | ﹤0.01% |
63,455
+21,230
| +50% | +$2.15M |
|
3153
PUT
Royal Bank of Canada
RY
$301B
| $6.58M | ﹤0.01% |
58,400
-217,600
| -79% | -$25.6M |
|
3154
CALL
Yeti Holdings
YETI
$3.25B
| $6.58M | ﹤0.01% |
198,700
-74,000
| -27% | -$2.68M |
|
3155
CALL
New York Times
NYT
$10.4B
| $6.58M | ﹤0.01% |
132,600
+90,500
| +215% | +$4.55M |
|
3156
Hawaiian Electric Industries
HE
$2.03B
| $6.57M | ﹤0.01% |
599,909
+205,379
| +52% | +$2.08M |
|
3157
Moody's
MCO
$84B
| $6.56M | ﹤0.01% |
14,093
-47,803
| -77% | -$23M |
|
3158
PUT
-1x Short VIX Futures ETF
SVIX
$173M
| $6.56M | ﹤0.01% |
322,600
-102,700
| -24% | -$2.47M |
|
3159
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $6.56M | ﹤0.01% |
97,825
-147,425
| -60% | -$10M |
|
3160
Texas Pacific Land
TPL
$24.7B
| $6.56M | ﹤0.01% |
14,844
-19,191
| -56% | -$8.56M |
|
3161
CALL
Atmos Energy
ATO
$28.7B
| $6.55M | ﹤0.01% |
42,400
-28,700
| -40% | -$4.19M |
|
3162
Selective Insurance
SIGI
$5.62B
| $6.55M | ﹤0.01% |
71,542
+42,687
| +148% | +$3.74M |
|
3163
GE HealthCare
GEHC
$33.3B
| $6.55M | ﹤0.01% |
81,124
-228,372
| -74% | -$19.6M |
|
3164
Western Midstream Partners
WES
$20.2B
| $6.55M | ﹤0.01% |
159,799
+85,344
| +115% | +$3.48M |
|
3165
CALL
CDW
CDW
$17.4B
| $6.54M | ﹤0.01% |
40,800
-58,000
| -59% | -$10.5M |
|
3166
Arbor Realty Trust
ABR
$950M
| $6.54M | ﹤0.01% |
556,435
+460,312
| +479% | +$5.96M |
|
|
LB
3167
CALL
LandBridge Co
LB
$2.24B
| $6.53M | ﹤0.01% |
90,800
+49,200
| +118% | +$3.48M |
|
3168
CALL
XPO
XPO
$24.7B
| $6.53M | ﹤0.01% |
60,700
-153,000
| -72% | -$19.4M |
|
3169
Paychex
PAYX
$43.4B
| $6.53M | ﹤0.01% |
42,310
-82,468
| -66% | -$12.1M |
|
3170
Zillow
Z
$7.82B
| $6.53M | ﹤0.01% |
95,173
+11,882
| +14% | +$908K |
|
3171
Exelon
EXC
$47.2B
| $6.51M | ﹤0.01% |
141,372
-794,650
| -85% | -$33.2M |
|
|
SNRE
3172
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $6.51M | ﹤0.01% |
134,800
-72,001
| -35% | -$3.37M |
|
3173
WisdomTree US SmallCap Earnings Fund
EES
$739M
| $6.51M | ﹤0.01% |
133,247
+91,228
| +217% | +$4.81M |
|
3174
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $6.51M | ﹤0.01% |
142,200
-185,600
| -57% | -$9.15M |
|
3175
CALL
Silicon Laboratories
SLAB
$7.29B
| $6.51M | ﹤0.01% |
57,800
-17,800
| -24% | -$2.41M |
|
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.