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 | |
|---|---|---|---|---|---|---|
3351
Cavco Industries
CVCO
$4.65B
| $5.85M | ﹤0.01% |
11,259
+6,264
| +125% | +$3.15M |
|
3352
Pinnacle Financial Partners Inc
PNFP
$16.3B
| $5.85M | ﹤0.01% |
55,141
+31,045
| +129% | +$3.56M |
|
3353
International Bancshares
IBOC
$4.56B
| $5.84M | ﹤0.01% |
92,674
+1,251
| +1% | +$80.9K |
|
3354
PUT
Pilgrim's Pride
PPC
$6.64B
| $5.84M | ﹤0.01% |
107,200
+6,500
| +6% | +$325K |
|
3355
Victory Capital Holdings
VCTR
$7.27B
| $5.84M | ﹤0.01% |
100,927
+36,360
| +56% | +$2.3M |
|
3356
Iron Mountain
IRM
$38.5B
| $5.83M | ﹤0.01% |
67,814
-101,292
| -60% | -$9.76M |
|
3357
Levi Strauss
LEVI
$8.68B
| $5.83M | ﹤0.01% |
374,006
+235,673
| +170% | +$4.1M |
|
3358
PUT
Corteva
CTVA
$51.2B
| $5.83M | ﹤0.01% |
92,600
-36,600
| -28% | -$2.26M |
|
3359
Atlantic Union Bankshares
AUB
$6.12B
| $5.83M | ﹤0.01% |
187,117
+127,123
| +212% | +$4.52M |
|
3360
Eton Pharmaceutcials
ETON
$1.68B
| $5.83M | ﹤0.01% |
448,804
+256,478
| +133% | +$3.88M |
|
3361
PUT
BorgWarner
BWA
$14B
| $5.82M | ﹤0.01% |
203,300
+131,200
| +182% | +$3.98M |
|
3362
Reinsurance Group of America
RGA
$16.3B
| $5.82M | ﹤0.01% |
29,581
+1,370
| +5% | +$284K |
|
3363
IonQ
IONQ
$18.7B
| $5.82M | ﹤0.01% |
263,901
-550,152
| -68% | -$17.8M |
|
3364
FNB Corp
FNB
$6.93B
| $5.82M | ﹤0.01% |
432,817
+183,940
| +74% | +$2.7M |
|
3365
TPG
TPG
$8.51B
| $5.82M | ﹤0.01% |
122,612
+79,220
| +183% | +$4.62M |
|
3366
CALL
Coeur Mining
CDE
$19.3B
| $5.81M | ﹤0.01% |
981,700
-25,600
| -3% | -$158K |
|
3367
PUT
Huazhu Hotels Group
HTHT
$12.9B
| $5.8M | ﹤0.01% |
156,800
+8,300
| +6% | +$287K |
|
3368
Kinsale Capital Group
KNSL
$8.64B
| $5.8M | ﹤0.01% |
11,920
+8,414
| +240% | +$3.78M |
|
|
DQ
3369
PUT
Daqo New Energy
DQ
$991M
| $5.8M | ﹤0.01% |
320,100
-321,400
| -50% | -$6.29M |
|
3370
CALL
Western Union
WU
$2.32B
| $5.8M | ﹤0.01% |
547,900
+417,300
| +320% | +$4.42M |
|
3371
iShares ESG Optimized MSCI USA ETF
SUSA
$4.19B
| $5.79M | ﹤0.01% |
50,448
+26,350
| +109% | +$3.19M |
|
|
HSAI
3372
PUT
Hesai Group
HSAI
$2.86B
| $5.79M | ﹤0.01% |
391,100
+277,500
| +244% | +$4.73M |
|
3373
PUT
AdaptHealth
AHCO
$775M
| $5.78M | ﹤0.01% |
533,300
+32,000
| +6% | +$322K |
|
3374
Charles River Laboratories
CRL
$13.4B
| $5.78M | ﹤0.01% |
38,379
-16,325
| -30% | -$2.74M |
|
|
K
3375
DELISTED
Kellanova
K
| $5.77M | ﹤0.01% |
69,968
-51,808
| -43% | -$4.25M |
|
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.