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 | |
|---|---|---|---|---|---|---|
|
AOCT
7476
Innovator Equity Defined Protection ETF - 2 Yr to October 2026
AOCT
$49M
| $914K | ﹤0.01% |
+36,815
| New | +$921K |
|
7477
PUT
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$399M
| $913K | ﹤0.01% |
12,800
+1,500
| +13% | +$116K |
|
7478
Innovator US Equity Ultra Buffer ETF March
UMAR
$196M
| $913K | ﹤0.01% |
25,685
+5,693
| +28% | +$205K |
|
|
CPRO
7479
Calamos Russell 2000 Structured Alt Protection ETF - October
CPRO
$25.6M
| $912K | ﹤0.01% |
37,192
+17,766
| +91% | +$442K |
|
7480
CALL
CarGurus
CARG
$3.33B
| $912K | ﹤0.01% |
31,300
-51,800
| -62% | -$1.81M |
|
7481
CALL
Itron
ITRI
$4.45B
| $911K | ﹤0.01% |
8,700
-1,300
| -13% | -$136K |
|
7482
Hackett Group
HCKT
$265M
| $911K | ﹤0.01% |
31,179
+17,006
| +120% | +$511K |
|
|
SF
7483
Stifel
SF
$12.9B
| $911K | ﹤0.01% |
14,498
-8,566
| -37% | -$604K |
|
7484
VanEck Brazil Small-Cap ETF
BRF
$20.1M
| $911K | ﹤0.01% |
+71,391
| New | +$865K |
|
7485
CALL
Churchill Downs
CHDN
$6.33B
| $911K | ﹤0.01% |
8,200
-36,000
| -81% | -$4.3M |
|
|
TRST
7486
Trustco Bank Corp NY
TRST
$977M
| $911K | ﹤0.01% |
29,873
+18,246
| +157% | +$582K |
|
7487
Invesco Pharmaceuticals ETF
PJP
$500M
| $910K | ﹤0.01% |
10,511
+1,791
| +21% | +$153K |
|
|
CTLP
7488
DELISTED
Cantaloupe
CTLP
| $910K | ﹤0.01% |
115,652
+49,569
| +75% | +$440K |
|
7489
American Well
AMWL
$212M
| $909K | ﹤0.01% |
115,346
+100,503
| +677% | +$957K |
|
7490
CALL
AdaptHealth
AHCO
$775M
| $908K | ﹤0.01% |
83,800
-278,200
| -77% | -$2.8M |
|
|
OBE
7491
Obsidian Energy
OBE
$712M
| $908K | ﹤0.01% |
154,988
+57,509
| +59% | +$317K |
|
7492
Vaalco Energy
EGY
$608M
| $908K | ﹤0.01% |
241,508
+38,381
| +19% | +$160K |
|
|
GMS
7493
CALL
DELISTED
GMS Inc
GMS
| $907K | ﹤0.01% |
12,400
+9,500
| +328% | +$757K |
|
|
HAPN
7494
PUT
Happen Inc
HAPN
$2.26B
| $907K | ﹤0.01% |
87,900
-112,600
| -56% | -$1.51M |
|
7495
CALL
Gildan
GIL
$10.5B
| $907K | ﹤0.01% |
20,500
-200
| -1% | -$9.94K |
|
7496
CALL
Arqit Quantum
ARQQ
$424M
| $906K | ﹤0.01% |
65,400
+55,400
| +554% | +$1.09M |
|
|
SKYT
7497
PUT
DELISTED
SkyWater Technology
SKYT
| $906K | ﹤0.01% |
127,800
+5,000
| +4% | +$49.1K |
|
7498
PUT
Kontoor Brands
KTB
$4.64B
| $904K | ﹤0.01% |
14,100
-10,100
| -42% | -$783K |
|
7499
First Financial Corp
THFF
$976M
| $904K | ﹤0.01% |
18,458
+10,549
| +133% | +$519K |
|
|
MASI
7500
DELISTED
Masimo
MASI
| $904K | ﹤0.01% |
+5,426
| New | +$941K |
|
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.