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 | |
|---|---|---|---|---|---|---|
|
LTC
5176
PUT
LTC Properties
LTC
$2.17B
| $2.35M | ﹤0.01% |
+66,300
| New | +$2.3M |
|
5177
CALL
Harrow
HROW
$1.5B
| $2.35M | ﹤0.01% |
88,300
-170,000
| -66% | -$5.09M |
|
5178
PUT
CorMedix
CRMD
$588M
| $2.35M | ﹤0.01% |
381,000
+140,500
| +58% | +$1.45M |
|
5179
Regal Rexnord
RRX
$11.7B
| $2.35M | ﹤0.01% |
20,614
+12,901
| +167% | +$1.79M |
|
|
SEM
5180
DELISTED
Select Medical
SEM
| $2.35M | ﹤0.01% |
140,532
+70,632
| +101% | +$1.3M |
|
|
DVAX
5181
DELISTED
Dynavax Technologies
DVAX
| $2.35M | ﹤0.01% |
180,830
+96,909
| +115% | +$1.28M |
|
5182
Vertex
VERX
$2.06B
| $2.34M | ﹤0.01% |
66,950
-48,814
| -42% | -$2.23M |
|
5183
Coastal Financial
CCB
$802M
| $2.34M | ﹤0.01% |
25,909
+17,530
| +209% | +$1.53M |
|
5184
PUT
Evergy
EVRG
$19.4B
| $2.34M | ﹤0.01% |
33,900
+26,600
| +364% | +$1.74M |
|
5185
iQIYI
IQ
$1.3B
| $2.34M | ﹤0.01% |
1,033,797
-227,257
| -18% | -$500K |
|
5186
Xtrackers Russell US Multifactor ETF
DEUS
$308M
| $2.33M | ﹤0.01% |
43,521
+17,611
| +68% | +$960K |
|
5187
PUT
Eagle Materials
EXP
$6.4B
| $2.33M | ﹤0.01% |
10,500
+7,900
| +304% | +$1.87M |
|
5188
ImmunityBio
IBRX
$8.02B
| $2.33M | ﹤0.01% |
773,471
+209,560
| +37% | +$635K |
|
5189
Direxion Daily Energy Bull 2X ETF
ERX
$251M
| $2.33M | ﹤0.01% |
35,620
+8,153
| +30% | +$497K |
|
5190
PagerDuty
PD
$918M
| $2.32M | ﹤0.01% |
127,222
+15,882
| +14% | +$291K |
|
5191
CALL
Tandem Diabetes Care
TNDM
$1.58B
| $2.32M | ﹤0.01% |
121,300
+11,400
| +10% | +$334K |
|
5192
Saic
SAIC
$5.36B
| $2.32M | ﹤0.01% |
20,686
+2,051
| +11% | +$222K |
|
5193
CALL
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.78B
| $2.32M | ﹤0.01% |
46,200
-37,100
| -45% | -$1.85M |
|
5194
Hertz
HTZ
$798M
| $2.32M | ﹤0.01% |
588,892
+417,691
| +244% | +$1.68M |
|
|
VG
5195
Venture Global Inc
VG
$35B
| $2.32M | ﹤0.01% |
+225,250
| New | +$3.28M |
|
5196
Vanguard Industrials ETF
VIS
$8.54B
| $2.32M | ﹤0.01% |
9,370
-18,365
| -66% | -$4.75M |
|
5197
Ventas
VTR
$46.9B
| $2.32M | ﹤0.01% |
33,724
-128,285
| -79% | -$8.19M |
|
5198
Performance Food Group
PFGC
$16.8B
| $2.32M | ﹤0.01% |
29,446
-20,668
| -41% | -$1.73M |
|
|
SNWV
5199
SANUWAVE Health Inc
SNWV
$40.8M
| $2.31M | ﹤0.01% |
+65,433
| New | +$2.15M |
|
5200
PUT
Yext
YEXT
$594M
| $2.31M | ﹤0.01% |
375,500
+338,600
| +918% | +$2.19M |
|
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.