Susquehanna International Group Portfolio holdings

AUM $65.4B

1-Year Return 2.14%

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.

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+0.81%

1 Year Return

+2.14%

3 Year Return

+8.79%

5 Year Return

+11.99%

10 Year Return

+18.31%

AUM

$42.4B

AUM Growth

-$1.86B (-4.2%)

Cap. Flow

-$4.84B

Cap. Flow % of AUM

-11.41%

Top 10 Holdings % Top 10 Hldgs %

37.41%

Holding

5,070

New

705

Increased

1,606

Reduced

1,772

Closed

648

Top Buys

1	Synchrony SYF	$663M
2	Alphabet (Google) Class A GOOGL	$510M
3	SPDR S&P 500 ETF Trust SPY	$391M
4	Apple AAPL	$348M
5	Bausch Health BHC	$253M

Top Sells

1	DuPont de Nemours DD	$818M
2	Alphabet (Google) Class C GOOG	$637M
3	GE Aerospace GE	$576M
4	iShares MSCI Emerging Markets ETF EEM	$400M
5	Gilead Sciences GILD	$305M

Sector Composition

1	Technology	15.31%
2	Financials	10.84%
3	Consumer Discretionary	8.25%
4	Communication Services	7.11%
5	Healthcare	6.63%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
426	GXP 426 DELISTED Great Plains Energy Incorporated GXP	$9.82M	﹤0.01%	359,558 -20,836	-5%	-$569K
427	ETFC 427 DELISTED E*Trade Financial Corporation ETFC	$9.82M	﹤0.01%	331,239 +27,110	+9%	+$804K
428	428 Ambac AMBC $422M	$9.8M	﹤0.01%	695,845 -282,999	-29%	-$3.99M
429	HA 429 DELISTED Hawaiian Holdings, Inc. HA	$9.75M	﹤0.01%	275,858 -87,183	-24%	-$3.08M
430	430 Community Health Systems CYH $409M	$9.68M	﹤0.01%	441,460 +304,855	+223%	+$6.68M
431	VER 431 DELISTED VEREIT, Inc. VER	$9.67M	﹤0.01%	244,257 -96,177	-28%	-$3.81M
432	ZIONW 432 DELISTED Zions Bancorporation N.A. Warrants ZIONW	$9.65M	﹤0.01%	2,846,798	–	–
433	ARRS 433 DELISTED ARRIS International plc Ordinary Shares ARRS	$9.64M	﹤0.01%	315,258 +207,483	+193%	+$6.34M
434	GGP 434 DELISTED GGP Inc. GGP	$9.58M	﹤0.01%	352,035 +181,651	+107%	+$4.94M
435	PNRA 435 DELISTED Panera Bread Co PNRA	$9.58M	﹤0.01%	49,169 +30,970	+170%	+$6.03M
436	PRE 436 DELISTED PARTNERRE LTD PRE	$9.57M	﹤0.01%	68,497 +25,990	+61%	+$3.63M
437	437 Coterra Energy CTRA $18.3B	$9.55M	﹤0.01%	540,058 +258,412	+92%	+$4.57M
438	438 Canadian Natural Resources CNQ $63.2B	$9.55M	﹤0.01%	904,888 -316,624	-26%	-$3.34M
439	439 Atmos Energy ATO $26.7B	$9.53M	﹤0.01%	151,236 -8,805	-6%	-$555K
440	CY 440 DELISTED Cypress Semiconductor CY	$9.51M	﹤0.01%	969,012 -174,859	-15%	-$1.72M
441	441 Kroger KR $44.8B	$9.37M	﹤0.01%	224,068 -109,651	-33%	-$4.59M
442	442 Agilent Technologies A $36.5B	$9.35M	﹤0.01%	223,521 -175,521	-44%	-$7.34M
443	MDAS 443 DELISTED MEDASSETS INC COM STK (DE) MDAS	$9.34M	﹤0.01%	301,878 +63,430	+27%	+$1.96M
444	CAA 444 DELISTED CalAtlantic Group, Inc. CAA	$9.31M	﹤0.01%	245,422 +203,518	+486%	+$7.72M
445	445 Invesco CurrencyShares Australian Dollar Trust FXA $77.8M	$9.3M	﹤0.01%	127,425 +102,839	+418%	+$7.5M
446	446 Incyte INCY $16.9B	$9.3M	﹤0.01%	85,728 -59,104	-41%	-$6.41M
447	INFN 447 DELISTED Infinera Corporation Common Stock INFN	$9.29M	﹤0.01%	512,569 +243,429	+90%	+$4.41M
448	448 Ralph Lauren RL $18.9B	$9.28M	﹤0.01%	83,267 -110,921	-57%	-$12.4M
449	449 Automatic Data Processing ADP $120B	$9.26M	﹤0.01%	109,329 +65,794	+151%	+$5.57M
450	450 eBay EBAY $42.3B	$9.25M	﹤0.01%	336,526 -696,270	-67%	-$19.1M