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 | |
|---|---|---|---|---|---|---|
3701
ProShares Ultra Gold
UGL
$801M
| $4.88M | ﹤0.01% |
151,700
+81,124
| +115% | +$2.23M |
|
3702
CALL
Douglas Emmett
DEI
$1.96B
| $4.88M | ﹤0.01% |
+305,000
| New | +$5.17M |
|
3703
PUT
Boot Barn
BOOT
$4.95B
| $4.88M | ﹤0.01% |
45,400
+3,900
| +9% | +$522K |
|
3704
Carnival Corporation Ltd
CCL
$38.5B
| $4.87M | ﹤0.01% |
249,557
-150,838
| -38% | -$3.59M |
|
3705
Reliance Steel & Aluminium
RS
$21.8B
| $4.87M | ﹤0.01% |
16,866
+3,001
| +22% | +$859K |
|
3706
Synchrony
SYF
$26.4B
| $4.87M | ﹤0.01% |
91,946
-244,117
| -73% | -$15.1M |
|
3707
Braze
BRZE
$3.26B
| $4.87M | ﹤0.01% |
134,854
+59,784
| +80% | +$2.41M |
|
3708
Gen Digital
GEN
$17B
| $4.86M | ﹤0.01% |
183,285
-146,553
| -44% | -$4.02M |
|
3709
PUT
Range Resources
RRC
$9.42B
| $4.86M | ﹤0.01% |
121,800
-102,200
| -46% | -$3.93M |
|
3710
Community Bank
CBU
$3.46B
| $4.86M | ﹤0.01% |
85,508
+51,220
| +149% | +$3.17M |
|
3711
CALL
Hercules Capital
HTGC
$3.13B
| $4.86M | ﹤0.01% |
252,900
-150,800
| -37% | -$3.04M |
|
3712
Mirion Technologies
MIR
$3.96B
| $4.85M | ﹤0.01% |
334,696
+244,871
| +273% | +$3.85M |
|
3713
Global X Russell 2000 Covered Call ETF
RYLD
$1.39B
| $4.85M | ﹤0.01% |
321,197
+239,539
| +293% | +$3.86M |
|
3714
CALL
abrdn Physical Silver Shares ETF
SIVR
$4.49B
| $4.85M | ﹤0.01% |
149,100
+82,300
| +123% | +$2.51M |
|
3715
VF Corp
VFC
$5.85B
| $4.84M | ﹤0.01% |
312,150
+153,043
| +96% | +$3.39M |
|
|
HEQQ
3716
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF
HEQQ
$31M
| $4.84M | ﹤0.01% |
+98,194
| New | +$4.86M |
|
3717
PUT
Rambus
RMBS
$10.9B
| $4.84M | ﹤0.01% |
93,400
-52,300
| -36% | -$3.07M |
|
3718
Teleflex
TFX
$5.81B
| $4.83M | ﹤0.01% |
34,949
+6,913
| +25% | +$1.12M |
|
3719
CALL
PagSeguro Digital
PAGS
$2.4B
| $4.83M | ﹤0.01% |
632,900
-330,000
| -34% | -$2.46M |
|
3720
CALL
Global X MSCI Argentina ETF
ARGT
$808M
| $4.82M | ﹤0.01% |
59,700
+56,700
| +1,890% | +$4.82M |
|
3721
PUT
Keros Therapeutics
KROS
$200M
| $4.82M | ﹤0.01% |
473,100
+427,000
| +926% | +$4.96M |
|
3722
CALL
Pinnacle West Capital
PNW
$12.3B
| $4.82M | ﹤0.01% |
50,600
-700
| -1% | -$62.5K |
|
3723
Akamai
AKAM
$18B
| $4.82M | ﹤0.01% |
59,871
-32,299
| -35% | -$2.9M |
|
3724
JPMorgan Active Value ETF
JAVA
$7.2B
| $4.82M | ﹤0.01% |
75,834
+6,800
| +10% | +$441K |
|
3725
Maximus
MMS
$2.89B
| $4.81M | ﹤0.01% |
70,605
+43,158
| +157% | +$3.07M |
|
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.