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 | |
|---|---|---|---|---|---|---|
4726
PUT
Spire Global
SPIR
$567M
| $2.88M | ﹤0.01% |
356,600
+317,300
| +807% | +$4.2M |
|
4727
CALL
Liberty Energy
LBRT
$3.59B
| $2.88M | ﹤0.01% |
182,200
+18,900
| +12% | +$339K |
|
4728
PUT
Alkermes
ALKS
$8.23B
| $2.88M | ﹤0.01% |
87,300
+41,700
| +91% | +$1.36M |
|
4729
Veeco
VECO
$3.2B
| $2.88M | ﹤0.01% |
143,420
+12,232
| +9% | +$293K |
|
4730
iShares MSCI Kokusai Fund
TOK
$258M
| $2.88M | ﹤0.01% |
25,250
+8,633
| +52% | +$1.02M |
|
4731
NCR Voyix
VYX
$1.13B
| $2.88M | ﹤0.01% |
295,142
+146,621
| +99% | +$1.72M |
|
4732
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $2.88M | ﹤0.01% |
164,334
+122,958
| +297% | +$2.1M |
|
4733
CONMED
CNMD
$1.51B
| $2.88M | ﹤0.01% |
47,611
+17,878
| +60% | +$1.15M |
|
4734
PUT
Energy Fuels
UUUU
$3.77B
| $2.87M | ﹤0.01% |
770,600
-123,200
| -14% | -$591K |
|
4735
Innovator US Equity Buffer ETF May
BMAY
$237M
| $2.87M | ﹤0.01% |
72,439
+27,988
| +63% | +$1.14M |
|
4736
Jones Lang LaSalle
JLL
$17.3B
| $2.87M | ﹤0.01% |
11,588
+409
| +4% | +$108K |
|
4737
Enerpac Tool Group
EPAC
$1.89B
| $2.87M | ﹤0.01% |
63,999
+28,741
| +82% | +$1.27M |
|
4738
Cheesecake Factory
CAKE
$5.64B
| $2.87M | ﹤0.01% |
58,972
+36,410
| +161% | +$1.86M |
|
4739
CALL
Hecla Mining
HL
$12.3B
| $2.87M | ﹤0.01% |
516,000
-774,600
| -60% | -$4.3M |
|
4740
CALL
Wave Life Sciences
WVE
$1.07B
| $2.87M | ﹤0.01% |
354,800
+110,300
| +45% | +$1.21M |
|
|
FYBR
4741
DELISTED
Frontier Communications
FYBR
| $2.86M | ﹤0.01% |
79,835
+51,744
| +184% | +$1.85M |
|
4742
Planet Fitness
PLNT
$3.8B
| $2.86M | ﹤0.01% |
29,630
+27,268
| +1,154% | +$2.74M |
|
4743
Evertec
EVTC
$1.89B
| $2.86M | ﹤0.01% |
77,849
+12,778
| +20% | +$441K |
|
4744
CALL
Hawaiian Electric Industries
HE
$2.03B
| $2.86M | ﹤0.01% |
261,300
+174,800
| +202% | +$1.77M |
|
4745
Franklin US Small Cap Multifactor Index ETF
FLQS
$53.2M
| $2.86M | ﹤0.01% |
72,632
+63,434
| +690% | +$2.63M |
|
4746
Antero Midstream
AM
$10.7B
| $2.86M | ﹤0.01% |
158,940
+104,021
| +189% | +$1.72M |
|
4747
CALL
ASP Isotopes
ASPI
$538M
| $2.86M | ﹤0.01% |
609,600
+417,500
| +217% | +$2.08M |
|
4748
CALL
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.39B
| $2.86M | ﹤0.01% |
20,400
+3,000
| +17% | +$446K |
|
|
SOBO
4749
PUT
South Bow Corp
SOBO
$7.67B
| $2.86M | ﹤0.01% |
112,000
+34,500
| +45% | +$863K |
|
|
IPG
4750
CALL
DELISTED
Interpublic Group of Companies
IPG
| $2.86M | ﹤0.01% |
105,200
-120,400
| -53% | -$3.3M |
|
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.