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 | |
|---|---|---|---|---|---|---|
|
SERV
3976
PUT
Serve Robotics
SERV
$433M
| $4.23M | ﹤0.01% |
735,400
+265,000
| +56% | +$3.48M |
|
3977
CALL
Corsair Gaming
CRSR
$1.41B
| $4.23M | ﹤0.01% |
477,200
+443,500
| +1,316% | +$4.37M |
|
3978
CALL
Vishay Intertechnology
VSH
$5.38B
| $4.23M | ﹤0.01% |
265,800
+158,300
| +147% | +$2.71M |
|
|
VG
3979
CALL
Venture Global Inc
VG
$35B
| $4.22M | ﹤0.01% |
+410,100
| New | +$5.98M |
|
3980
JPMorgan Equity Premium Income ETF
JEPI
$46.3B
| $4.22M | ﹤0.01% |
+73,834
| New | +$4.3M |
|
3981
CALL
nCino
NCNO
$2.28B
| $4.22M | ﹤0.01% |
153,500
-52,100
| -25% | -$1.65M |
|
3982
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.89B
| $4.22M | ﹤0.01% |
112,443
-243,152
| -68% | -$10.1M |
|
3983
Liberty Energy
LBRT
$3.59B
| $4.21M | ﹤0.01% |
266,253
+4,204
| +2% | +$75.5K |
|
3984
PUT
Innovative Industrial Properties
IIPR
$1.62B
| $4.21M | ﹤0.01% |
77,900
-69,700
| -47% | -$4.83M |
|
3985
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$971M
| $4.21M | ﹤0.01% |
92,037
-6,575
| -7% | -$299K |
|
3986
CALL
RUM Group Inc
RUM
$3.7B
| $4.21M | ﹤0.01% |
595,700
-365,000
| -38% | -$3.81M |
|
|
HEES
3987
DELISTED
H&E Equipment Services
HEES
| $4.21M | ﹤0.01% |
44,415
+1,674
| +4% | +$146K |
|
3988
CALL
Tetra Tech
TTEK
$9.35B
| $4.21M | ﹤0.01% |
143,900
+116,500
| +425% | +$3.91M |
|
|
GRAL
3989
PUT
GRAIL Inc
GRAL
$3.03B
| $4.2M | ﹤0.01% |
164,600
+112,600
| +217% | +$3.48M |
|
3990
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$228M
| $4.2M | ﹤0.01% |
97,627
+58,235
| +148% | +$2.34M |
|
|
SAND
3991
CALL
DELISTED
Sandstorm Gold
SAND
| $4.2M | ﹤0.01% |
556,700
+121,300
| +28% | +$758K |
|
3992
PUT
Incyte
INCY
$24.4B
| $4.2M | ﹤0.01% |
69,300
-14,700
| -18% | -$1.03M |
|
3993
CALL
Praxis Precision Medicines
PRAX
$10.2B
| $4.2M | ﹤0.01% |
110,800
+26,500
| +31% | +$1.65M |
|
3994
PUT
UFP Technologies
UFPT
$2.49B
| $4.2M | ﹤0.01% |
20,800
+1,100
| +6% | +$266K |
|
3995
WD-40
WDFC
$3.08B
| $4.19M | ﹤0.01% |
17,185
+8,246
| +92% | +$1.95M |
|
3996
H.B. Fuller
FUL
$3.38B
| $4.19M | ﹤0.01% |
74,660
+50,671
| +211% | +$2.99M |
|
3997
Vanguard Morningstar Small-Cap Growth ETF
VBK
$25B
| $4.19M | ﹤0.01% |
+16,640
| New | +$4.61M |
|
3998
Zymeworks
ZYME
$1.78B
| $4.18M | ﹤0.01% |
351,161
+299,645
| +582% | +$4.09M |
|
3999
CALL
Icon
ICLR
$12.6B
| $4.18M | ﹤0.01% |
23,900
-40,900
| -63% | -$7.93M |
|
4000
PUT
Winnebago Industries
WGO
$892M
| $4.18M | ﹤0.01% |
121,300
-69,900
| -37% | -$2.96M |
|
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.