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 | |
|---|---|---|---|---|---|---|
4176
VTEX
VTEX
$618M
| $3.8M | ﹤0.01% |
+750,292
| New | +$4.26M |
|
4177
Biohaven
BHVN
$2.21B
| $3.8M | ﹤0.01% |
158,043
+109,084
| +223% | +$3.85M |
|
4178
CALL
Crane Co
CR
$12.6B
| $3.8M | ﹤0.01% |
24,800
-74,000
| -75% | -$11.9M |
|
4179
T. Rowe Price Capital Appreciation Equity ETF
TCAF
$8.32B
| $3.8M | ﹤0.01% |
117,615
+102,708
| +689% | +$3.44M |
|
4180
Opendoor
OPEN
$3.53B
| $3.8M | ﹤0.01% |
3,845,315
-79,538
| -2% | -$105K |
|
4181
iShares MSCI Pacific ex Japan ETF
EPP
$2.24B
| $3.8M | ﹤0.01% |
86,065
+33,149
| +63% | +$1.49M |
|
4182
Appian
APPN
$2.54B
| $3.79M | ﹤0.01% |
131,682
+74,682
| +131% | +$2.44M |
|
4183
Columbia Research Enhanced Core ETF
RECS
$6.1B
| $3.79M | ﹤0.01% |
114,187
-130,549
| -53% | -$4.54M |
|
4184
CALL
Iridium Communications
IRDM
$5.32B
| $3.79M | ﹤0.01% |
138,800
+49,800
| +56% | +$1.46M |
|
4185
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.99B
| $3.79M | ﹤0.01% |
72,934
+25,813
| +55% | +$1.32M |
|
4186
Sphere Entertainment
SPHR
$6.03B
| $3.79M | ﹤0.01% |
115,864
+52,001
| +81% | +$2.11M |
|
4187
NEOS Nasdaq 100 High Income ETF
QQQI
$14.1B
| $3.79M | ﹤0.01% |
79,878
+35,206
| +79% | +$1.82M |
|
4188
PUT
BWX Technologies
BWXT
$15.9B
| $3.79M | ﹤0.01% |
38,400
+11,500
| +43% | +$1.25M |
|
4189
CALL
Idaho Strategic Resources
IDR
$505M
| $3.79M | ﹤0.01% |
264,700
-13,600
| -5% | -$167K |
|
4190
Root
ROOT
$797M
| $3.78M | ﹤0.01% |
28,328
+24,431
| +627% | +$2.8M |
|
4191
CALL
iShares MBS ETF
MBB
$39.1B
| $3.78M | ﹤0.01% |
40,300
-55,400
| -58% | -$5.12M |
|
|
HTO
4192
H2O America
HTO
$2.67B
| $3.78M | ﹤0.01% |
69,102
+43,656
| +172% | +$2.23M |
|
4193
Haemonetics
HAE
$4.13B
| $3.78M | ﹤0.01% |
59,433
+37,429
| +170% | +$2.55M |
|
4194
Vanguard US Momentum Factor ETF
VFMO
$1.96B
| $3.78M | ﹤0.01% |
24,895
+20,911
| +525% | +$3.45M |
|
4195
Provident Financial Services
PFS
$3.21B
| $3.78M | ﹤0.01% |
219,960
+144,213
| +190% | +$2.62M |
|
4196
CALL
Option Care Health
OPCH
$3.59B
| $3.77M | ﹤0.01% |
108,000
-97,200
| -47% | -$3.05M |
|
4197
CALL
State Street SPDR S&P Dividend ETF
SDY
$22.2B
| $3.77M | ﹤0.01% |
27,800
+15,000
| +117% | +$2.02M |
|
4198
CALL
Applied Optoelectronics
AAOI
$12.7B
| $3.76M | ﹤0.01% |
245,100
-693,700
| -74% | -$17.4M |
|
|
BRSL
4199
PUT
Brightstar Lottery PLC
BRSL
$2.15B
| $3.76M | ﹤0.01% |
231,300
+45,600
| +25% | +$787K |
|
4200
PUT
GXO Logistics
GXO
$5.59B
| $3.76M | ﹤0.01% |
96,200
-299,100
| -76% | -$12.5M |
|
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.