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 | |
|---|---|---|---|---|---|---|
6826
CALL
Candel Therapeutics
CADL
$926M
| $1.18M | ﹤0.01% |
209,700
-451,800
| -68% | -$3.69M |
|
6827
CALL
DXP Enterprises
DXPE
$3.19B
| $1.18M | ﹤0.01% |
+14,400
| New | +$1.33M |
|
6828
CALL
iShares Global Timber & Forestry ETF
WOOD
$265M
| $1.18M | ﹤0.01% |
15,700
+12,700
| +423% | +$993K |
|
|
CPSM
6829
Calamos S&P 500 Structured Alt Protection ETF - May
CPSM
$59M
| $1.18M | ﹤0.01% |
+44,041
| New | +$1.18M |
|
6830
PUT
Heartland Express
HTLD
$995M
| $1.18M | ﹤0.01% |
+128,400
| New | +$1.36M |
|
6831
CALL
Bausch + Lomb
BLCO
$6.05B
| $1.18M | ﹤0.01% |
81,600
+23,400
| +40% | +$384K |
|
6832
CALL
Teradata
TDC
$2.56B
| $1.18M | ﹤0.01% |
52,600
-137,000
| -72% | -$3.71M |
|
6833
CALL
Zai Lab
ZLAB
$2.91B
| $1.18M | ﹤0.01% |
32,700
-4,900
| -13% | -$151K |
|
6834
FT Vest International Equity Buffer ETF June
YJUN
$145M
| $1.18M | ﹤0.01% |
52,103
-1,228
| -2% | -$27.7K |
|
|
MTLS
6835
Materialise
MTLS
$391M
| $1.18M | ﹤0.01% |
240,094
+119,071
| +98% | +$818K |
|
6836
PUT
Rhythm Pharmaceuticals
RYTM
$8.02B
| $1.18M | ﹤0.01% |
22,300
+6,300
| +39% | +$350K |
|
|
BELFB
6837
Bel Fuse Inc Class B
BELFB
$4.32B
| $1.18M | ﹤0.01% |
15,773
-3,879
| -20% | -$310K |
|
|
AAT
6838
American Assets Trust
AAT
$1.38B
| $1.18M | ﹤0.01% |
58,627
+5,995
| +11% | +$135K |
|
|
GOOD
6839
Gladstone Commercial Corp
GOOD
$623M
| $1.18M | ﹤0.01% |
78,821
+60,661
| +334% | +$957K |
|
6840
Structure Therapeutics
GPCR
$3.86B
| $1.18M | ﹤0.01% |
68,167
-36
| -0.1% | -$882 |
|
6841
Hanmi Financial
HAFC
$956M
| $1.18M | ﹤0.01% |
52,024
+7,197
| +16% | +$167K |
|
|
PLGO
6842
Pelagos Insurance Capital
PLGO
$2.02B
| $1.18M | ﹤0.01% |
72,704
+50,096
| +222% | +$801K |
|
6843
Direxion Daily Energy Bear 2X ETF
ERY
$37.3M
| $1.18M | ﹤0.01% |
57,303
+46,707
| +441% | +$1.06M |
|
6844
LendingTree
TREE
$445M
| $1.18M | ﹤0.01% |
23,405
+16,244
| +227% | +$724K |
|
6845
FlexShares Quality Dividend Index Fund
QDF
$2.27B
| $1.18M | ﹤0.01% |
17,194
+8,412
| +96% | +$596K |
|
6846
PUT
XPEL
XPEL
$1.37B
| $1.18M | ﹤0.01% |
40,000
+16,600
| +71% | +$622K |
|
|
SEI
6847
PUT
Solaris Energy Infrastructure
SEI
$4.33B
| $1.18M | ﹤0.01% |
+54,000
| New | +$1.5M |
|
6848
SAP
SAP
$240B
| $1.17M | ﹤0.01% |
4,377
-33,323
| -88% | -$9.08M |
|
6849
iShares Core 10+ Year USD Bond ETF
ILTB
$589M
| $1.17M | ﹤0.01% |
23,472
+4,933
| +27% | +$243K |
|
6850
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $1.17M | ﹤0.01% |
20,357
-19,005
| -48% | -$1.07M |
|
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.