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 | |
|---|---|---|---|---|---|---|
4226
CALL
Elbit Systems
ESLT
$36.7B
| $3.72M | ﹤0.01% |
9,700
+4,100
| +73% | +$1.33M |
|
4227
CALL
Medpace
MEDP
$16.1B
| $3.72M | ﹤0.01% |
12,200
-4,300
| -26% | -$1.45M |
|
|
APLS
4228
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $3.71M | ﹤0.01% |
169,600
+17,000
| +11% | +$470K |
|
4229
CALL
Honda
HMC
$41B
| $3.71M | ﹤0.01% |
136,700
-38,200
| -22% | -$1.09M |
|
4230
PUT
Synaptics
SYNA
$4.25B
| $3.71M | ﹤0.01% |
58,200
+33,200
| +133% | +$2.41M |
|
4231
PUT
Globant
GLOB
$1.61B
| $3.71M | ﹤0.01% |
31,500
+23,400
| +289% | +$4.2M |
|
4232
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $3.71M | ﹤0.01% |
+147,337
| New | +$3.74M |
|
4233
Rollins
ROL
$17.4B
| $3.71M | ﹤0.01% |
68,607
-51,397
| -43% | -$2.58M |
|
|
CURB
4234
Curbline Properties
CURB
$3.48B
| $3.71M | ﹤0.01% |
153,202
+70,605
| +85% | +$1.7M |
|
4235
Pacer US Cash Cows 100 ETF
COWZ
$19.8B
| $3.7M | ﹤0.01% |
67,592
+18,897
| +39% | +$1.08M |
|
4236
PUT
Murphy Oil
MUR
$4.96B
| $3.7M | ﹤0.01% |
130,300
+72,600
| +126% | +$2.05M |
|
4237
PPG Industries
PPG
$25.4B
| $3.7M | ﹤0.01% |
33,819
-93,171
| -73% | -$10.7M |
|
4238
iShares Global Industrials ETF
EXI
$1.49B
| $3.7M | ﹤0.01% |
25,424
+8,763
| +53% | +$1.29M |
|
4239
Idexx Laboratories
IDXX
$43.4B
| $3.7M | ﹤0.01% |
8,801
-35,450
| -80% | -$15.4M |
|
4240
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$697M
| $3.69M | ﹤0.01% |
+65,238
| New | +$3.78M |
|
4241
CALL
Camping World
CWH
$662M
| $3.69M | ﹤0.01% |
228,600
-278,800
| -55% | -$5.7M |
|
4242
CALL
Kosmos Energy
KOS
$1.51B
| $3.69M | ﹤0.01% |
1,620,000
+1,565,100
| +2,851% | +$4.62M |
|
|
BLD
4243
PUT
DELISTED
TopBuild
BLD
| $3.69M | ﹤0.01% |
12,100
+6,200
| +105% | +$1.98M |
|
4244
PUT
TC Energy
TRP
$66.7B
| $3.69M | ﹤0.01% |
78,100
-10,700
| -12% | -$499K |
|
4245
Arrowhead Research
ARWR
$12.2B
| $3.69M | ﹤0.01% |
289,376
-128,870
| -31% | -$2.34M |
|
4246
CALL
Kodak
KODK
$979M
| $3.68M | ﹤0.01% |
582,600
+542,700
| +1,360% | +$3.77M |
|
4247
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $3.68M | ﹤0.01% |
18,200
-14,400
| -44% | -$3.08M |
|
4248
Blue Ridge Bankshares
BRBS
$331M
| $3.68M | ﹤0.01% |
1,128,300
+315,062
| +39% | +$1.08M |
|
4249
CALL
SM Energy
SM
$8.03B
| $3.68M | ﹤0.01% |
122,800
-5,600
| -4% | -$201K |
|
|
AVDX
4250
DELISTED
AvidXchange
AVDX
| $3.68M | ﹤0.01% |
433,373
+333,863
| +336% | +$3.09M |
|
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.