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 | |
|---|---|---|---|---|---|---|
4826
PUT
Xerox
XRX
$407M
| $2.77M | ﹤0.01% |
572,700
+87,500
| +18% | +$657K |
|
4827
CALL
Tanger
SKT
$4.42B
| $2.76M | ﹤0.01% |
81,800
-55,300
| -40% | -$1.86M |
|
4828
Agilent Technologies
A
$41.9B
| $2.76M | ﹤0.01% |
23,601
-136,494
| -85% | -$18.4M |
|
4829
Utz Brands
UTZ
$1.26B
| $2.76M | ﹤0.01% |
196,043
-132,603
| -40% | -$1.82M |
|
|
ACR
4830
ACRES Commercial Realty
ACR
$102M
| $2.76M | ﹤0.01% |
+127,329
| New | +$2.49M |
|
4831
Equity Residential
EQR
$24.7B
| $2.76M | ﹤0.01% |
38,517
-119,083
| -76% | -$8.41M |
|
4832
Murphy USA
MUSA
$10.5B
| $2.76M | ﹤0.01% |
5,866
+188
| +3% | +$89.3K |
|
4833
American Financial Group
AFG
$12.1B
| $2.76M | ﹤0.01% |
20,977
+3,967
| +23% | +$512K |
|
4834
New Oriental
EDU
$8.36B
| $2.75M | ﹤0.01% |
+57,621
| New | +$2.96M |
|
4835
Idacorp
IDA
$8.25B
| $2.75M | ﹤0.01% |
23,702
+16,190
| +216% | +$1.81M |
|
4836
Mercury Systems
MRCY
$6.67B
| $2.75M | ﹤0.01% |
63,924
+7,718
| +14% | +$338K |
|
4837
CALL
Kanzhun
BZ
$6.93B
| $2.75M | ﹤0.01% |
143,600
+133,300
| +1,294% | +$2.17M |
|
4838
Amcor
AMCR
$21.3B
| $2.75M | ﹤0.01% |
56,753
-158,739
| -74% | -$7.82M |
|
|
IBTF
4839
DELISTED
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
| $2.75M | ﹤0.01% |
+117,741
| New | +$2.75M |
|
4840
CALL
Braze
BRZE
$3.26B
| $2.75M | ﹤0.01% |
76,200
+11,300
| +17% | +$455K |
|
4841
Clearwater Paper
CLW
$345M
| $2.75M | ﹤0.01% |
108,329
-121,292
| -53% | -$3.38M |
|
4842
PUT
Delek Logistics
DKL
$2.87B
| $2.75M | ﹤0.01% |
63,500
+29,300
| +86% | +$1.25M |
|
4843
PUT
Skywest
SKYW
$4.18B
| $2.74M | ﹤0.01% |
31,400
+13,200
| +73% | +$1.35M |
|
4844
Oportun Financial
OPRT
$355M
| $2.74M | ﹤0.01% |
499,700
+457,907
| +1,096% | +$2.52M |
|
4845
PUT
Xperi
XPER
$329M
| $2.74M | ﹤0.01% |
+355,300
| New | +$3.11M |
|
4846
PUT
First Horizon
FHN
$12.4B
| $2.74M | ﹤0.01% |
141,200
+58,500
| +71% | +$1.2M |
|
4847
PUT
Northern Oil and Gas
NOG
$2.61B
| $2.74M | ﹤0.01% |
90,700
+64,600
| +248% | +$2.21M |
|
4848
PUT
Hawaiian Electric Industries
HE
$2.03B
| $2.74M | ﹤0.01% |
250,200
-208,200
| -45% | -$2.1M |
|
4849
PUT
Syndax Pharmaceuticals
SNDX
$1.77B
| $2.74M | ﹤0.01% |
222,700
+180,600
| +429% | +$2.55M |
|
4850
PUT
iShares Core Dividend Growth ETF
DGRO
$43.8B
| $2.74M | ﹤0.01% |
44,300
+15,500
| +54% | +$971K |
|
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.