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

+0.11%

1 Year Return

+2.14%

3 Year Return

+8.79%

5 Year Return

+11.99%

10 Year Return

+18.31%

AUM

$49.1B

AUM Growth

+$6.11B (+14%)

Cap. Flow

+$5.18B

Cap. Flow % of AUM

10.55%

Top 10 Holdings % Top 10 Hldgs %

31.11%

Holding

5,109

New

838

Increased

2,019

Reduced

1,439

Closed

464

Top Buys

1	Alphabet (Google) Class C GOOG	+$715M
2	iShares MSCI Emerging Markets ETF EEM	+$568M
3	Apple AAPL	+$567M
4	Meta Platforms (Facebook) META	+$345M
5	American Airlines Group AAL	+$277M

Top Sells

1	SPDR S&P 500 ETF Trust SPY	+$1.15B
2	Gilead Sciences GILD	+$420M
3	Invesco QQQ Trust QQQ	+$281M
4	Berkshire Hathaway Class B BRK.B	+$214M
5	Bank of America BAC	+$204M

Sector Composition

1	Technology	14.58%
2	Consumer Discretionary	10.24%
3	Financials	7.91%
4	Communication Services	7.57%
5	Healthcare	7.53%

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
576	576 Canadian Natural Resources CNQ $64.9B	$9.18M	﹤0.01%	699,015 -99,125	-12%	-$1.3M
577	577 Stanley Black & Decker SWK $11.9B	$9.17M	﹤0.01%	87,154 +65,145	+296%	+$6.86M
578	HCC 578 DELISTED HCC INSURANCES HOLDINGS INC HCC	$9.13M	﹤0.01%	118,853 +21,782	+22%	+$1.67M
579	579 Direxion Daily Small Cap Bull 3x Shares TNA $2.19B	$9.13M	﹤0.01%	204,200 +116,152	+132%	+$5.19M
580	580 Welltower WELL $112B	$9.12M	﹤0.01%	138,935 -347	-0.2%	-$22.8K
581	581 ProShares Trust Short MSCI Emerging Markets EUM $8.82M	$9.1M	﹤0.01%	179,340 +155,499	+652%	+$7.89M
582	TW 582 DELISTED TOWERS WATSON & CO COM STK CL A (DE) TW	$9.08M	﹤0.01%	72,197 -4,449	-6%	-$560K
583	583 GoPro GPRO $258M	$9.08M	﹤0.01%	172,207 -179,897	-51%	-$9.48M
584	584 NRG Energy NRG $31.2B	$9.07M	﹤0.01%	396,513 +246,824	+165%	+$5.65M
585	585 Air Products & Chemicals APD $64B	$9.07M	﹤0.01%	71,643 -136,775	-66%	-$17.3M
586	SLCA 586 DELISTED U.S. SILICA HOLDINGS, INC. SLCA	$9.05M	﹤0.01%	308,292 -35,654	-10%	-$1.05M
587	NE 587 DELISTED Noble Corporation NE	$9.05M	﹤0.01%	587,814 +546,755	+1,332%	+$8.42M
588	588 Boston Beer SAM $2.39B	$9.01M	﹤0.01%	38,844 +7,289	+23%	+$1.69M
589	589 iShares Dow Jones US ETF IYY $2.61B	$9M	﹤0.01%	172,660 +28,178	+20%	+$1.47M
590	KITE 590 DELISTED Kite Pharma, Inc. KITE	$8.98M	﹤0.01%	147,291 +51,931	+54%	+$3.17M
591	BSCF 591 DELISTED CLAYMORE GUGGENHEIM BULLETSHARES 2015 CORP BD ETF BSCF	$8.93M	﹤0.01%	412,383 +267,475	+185%	+$5.79M
592	HES 592 DELISTED Hess HES	$8.92M	﹤0.01%	133,427 +103,870	+351%	+$6.95M
593	593 Sturm, Ruger & Co RGR $587M	$8.92M	﹤0.01%	155,256 -5,002	-3%	-$287K
594	SAVE 594 DELISTED Spirit Airlines, Inc. SAVE	$8.87M	﹤0.01%	142,807 -26,037	-15%	-$1.62M
595	ADT 595 DELISTED ADT CORP ADT	$8.85M	﹤0.01%	263,737 +245,215	+1,324%	+$8.23M
596	596 Direxion Daily 20+ Year Treasury Bear 3X Shares TMV $162M	$8.84M	﹤0.01%	103,560 +67,340	+186%	+$5.75M
597	ESV 597 DELISTED Ensco Rowan plc ESV	$8.84M	﹤0.01%	99,189 -40,734	-29%	-$3.63M
598	598 IQ ARB Merger Arbitrage ETF MNA $256M	$8.83M	﹤0.01%	307,401 +280,221	+1,031%	+$8.04M
599	599 Ulta Beauty ULTA $23.1B	$8.81M	﹤0.01%	57,053 +6,314	+12%	+$975K
600	600 DTE Energy DTE $28.2B	$8.79M	﹤0.01%	138,366 +73,022	+112%	+$4.64M