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 | |
|---|---|---|---|---|---|---|
5126
PUT
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$89.9M
| $2.4M | ﹤0.01% |
45,200
-63,200
| -58% | -$3.17M |
|
|
MNRS
5127
Grayscale Bitcoin Miners ETF
MNRS
$11.4M
| $2.4M | ﹤0.01% |
+145,556
| New | +$3.2M |
|
5128
Invesco Total Return Bond ETF
GTO
$2.47B
| $2.4M | ﹤0.01% |
51,122
+45,402
| +794% | +$2.12M |
|
5129
CALL
Pegasystems
PEGA
$5.31B
| $2.4M | ﹤0.01% |
69,000
+31,400
| +84% | +$1.39M |
|
5130
Vipshop
VIPS
$6.81B
| $2.4M | ﹤0.01% |
152,937
+112,032
| +274% | +$1.69M |
|
5131
CALL
Artisan Partners
APAM
$2.99B
| $2.4M | ﹤0.01% |
61,300
-22,500
| -27% | -$953K |
|
|
TTAN
5132
CALL
ServiceTitan Inc
TTAN
$8.62B
| $2.4M | ﹤0.01% |
25,200
+8,300
| +49% | +$805K |
|
5133
Groupon
GRPN
$875M
| $2.4M | ﹤0.01% |
127,677
+113,723
| +815% | +$1.44M |
|
5134
Ecopetrol
EC
$35.3B
| $2.4M | ﹤0.01% |
229,535
-131,745
| -36% | -$1.26M |
|
5135
CALL
Trinity Industries
TRN
$2.36B
| $2.4M | ﹤0.01% |
85,400
+66,000
| +340% | +$2.21M |
|
5136
CALL
National Vision
EYE
$1.53B
| $2.4M | ﹤0.01% |
+187,500
| New | +$2.22M |
|
5137
CALL
Life Time Group Holdings
LTH
$10.1B
| $2.39M | ﹤0.01% |
79,300
+46,500
| +142% | +$1.37M |
|
5138
Ligand Pharmaceuticals
LGND
$5.87B
| $2.39M | ﹤0.01% |
22,765
+15,151
| +199% | +$1.71M |
|
5139
Weis Markets
WMK
$1.76B
| $2.39M | ﹤0.01% |
31,031
+4,473
| +17% | +$322K |
|
5140
PUT
DHT Holdings
DHT
$3.15B
| $2.39M | ﹤0.01% |
227,500
-456,100
| -67% | -$4.91M |
|
5141
CALL
Moelis & Co
MC
$5.07B
| $2.39M | ﹤0.01% |
40,900
-22,600
| -36% | -$1.59M |
|
|
SPR
5142
DELISTED
Spirit AeroSystems
SPR
| $2.38M | ﹤0.01% |
+69,203
| New | +$2.36M |
|
5143
BV Financial
BVFL
$180M
| $2.38M | ﹤0.01% |
156,240
+8,233
| +6% | +$129K |
|
5144
China Yuchai International
CYD
$1.7B
| $2.38M | ﹤0.01% |
+140,299
| New | +$2.15M |
|
5145
CALL
Flowserve
FLS
$10.3B
| $2.38M | ﹤0.01% |
48,800
-47,900
| -50% | -$2.72M |
|
5146
CALL
Performance Food Group
PFGC
$16.8B
| $2.38M | ﹤0.01% |
30,300
+7,100
| +31% | +$593K |
|
5147
PUT
Structure Therapeutics
GPCR
$3.87B
| $2.38M | ﹤0.01% |
137,600
+19,200
| +16% | +$470K |
|
5148
Fidelity Corporate Bond ETF
FCOR
$352M
| $2.38M | ﹤0.01% |
50,712
-897
| -2% | -$41.9K |
|
5149
CALL
iShares US Financials ETF
IYF
$4.43B
| $2.38M | ﹤0.01% |
21,100
-1,000
| -5% | -$115K |
|
5150
Sunstone Hotel Investors
SHO
$2.03B
| $2.38M | ﹤0.01% |
253,013
+134,640
| +114% | +$1.46M |
|
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.