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 | |
|---|---|---|---|---|---|---|
3901
Crane Co
CR
$12.6B
| $4.38M | ﹤0.01% |
+28,612
| New | +$4.59M |
|
3902
CALL
American Superconductor
AMSC
$1.55B
| $4.38M | ﹤0.01% |
241,600
-34,600
| -13% | -$863K |
|
3903
Cactus
WHD
$5.88B
| $4.38M | ﹤0.01% |
95,612
+12,363
| +15% | +$685K |
|
3904
PUT
Vanguard Morningstar Small-Cap Growth ETF
VBK
$25B
| $4.38M | ﹤0.01% |
17,400
-11,800
| -40% | -$3.27M |
|
|
FOLD
3905
DELISTED
Amicus Therapeutics
FOLD
| $4.38M | ﹤0.01% |
536,707
+113,544
| +27% | +$1.05M |
|
3906
CALL
Ibotta
IBTA
$783M
| $4.38M | ﹤0.01% |
103,700
+23,500
| +29% | +$1.38M |
|
3907
PUT
Atkore
ATKR
$3.17B
| $4.37M | ﹤0.01% |
72,900
+46,300
| +174% | +$3.31M |
|
3908
M/I Homes
MHO
$3.85B
| $4.37M | ﹤0.01% |
38,295
+19,780
| +107% | +$2.43M |
|
3909
Host Hotels & Resorts
HST
$15.7B
| $4.37M | ﹤0.01% |
307,406
-62,920
| -17% | -$1.02M |
|
|
MRP
3910
PUT
Millrose Properties Inc
MRP
$5.04B
| $4.37M | ﹤0.01% |
+164,700
| New | +$3.86M |
|
3911
EnerSys
ENS
$7.34B
| $4.37M | ﹤0.01% |
47,668
+22,686
| +91% | +$2.21M |
|
3912
Comstock Resources
CRK
$4.13B
| $4.36M | ﹤0.01% |
214,585
+34,464
| +19% | +$660K |
|
3913
CALL
Icahn Enterprises
IEP
$5.27B
| $4.36M | ﹤0.01% |
481,500
+230,900
| +92% | +$2.22M |
|
3914
American Outdoor Brands
AOUT
$160M
| $4.36M | ﹤0.01% |
358,724
+274,101
| +324% | +$4.21M |
|
3915
Burford Capital
BUR
$960M
| $4.36M | ﹤0.01% |
330,194
+81,099
| +33% | +$1.14M |
|
3916
Ultragenyx Pharmaceutical
RARE
$2.61B
| $4.36M | ﹤0.01% |
120,460
-59,965
| -33% | -$2.49M |
|
3917
PUT
Viper Energy
VNOM
$15.2B
| $4.36M | ﹤0.01% |
96,600
+68,700
| +246% | +$3.24M |
|
|
LB
3918
PUT
LandBridge Co
LB
$2.24B
| $4.36M | ﹤0.01% |
60,600
+8,900
| +17% | +$630K |
|
3919
PUT
Ventas
VTR
$46.9B
| $4.36M | ﹤0.01% |
63,400
-56,600
| -47% | -$3.61M |
|
3920
CALL
Donaldson
DCI
$11.1B
| $4.35M | ﹤0.01% |
64,900
-14,800
| -19% | -$1.02M |
|
3921
PUT
Aecom
ACM
$8.12B
| $4.35M | ﹤0.01% |
46,900
-6,800
| -13% | -$690K |
|
3922
Liberty Media Series A
FWONA
$23.9B
| $4.35M | ﹤0.01% |
53,353
-39,072
| -42% | -$3.33M |
|
|
CON
3923
Concentra Group Holdings
CON
$4.52B
| $4.35M | ﹤0.01% |
200,306
+131,020
| +189% | +$2.88M |
|
3924
PUT
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $4.34M | ﹤0.01% |
85,000
+75,600
| +804% | +$3.84M |
|
3925
Simmons First National
SFNC
$3.48B
| $4.34M | ﹤0.01% |
211,476
+140,636
| +199% | +$3.05M |
|
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.