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 | |
|---|---|---|---|---|---|---|
8076
CALL
Extreme Networks
EXTR
$3.2B
| $721K | ﹤0.01% |
54,500
-19,500
| -26% | -$305K |
|
8077
PUT
DoubleVerify
DV
$2.04B
| $721K | ﹤0.01% |
53,900
+38,300
| +246% | +$709K |
|
8078
SEI QiM U.S. Large Cap Low Volatility Active ETF
SELV
$261M
| $720K | ﹤0.01% |
23,543
+6,171
| +36% | +$185K |
|
8079
PUT
Funko
FNKO
$344M
| $720K | ﹤0.01% |
104,900
+65,400
| +166% | +$760K |
|
8080
Willdan Group
WLDN
$1.32B
| $719K | ﹤0.01% |
17,660
-5,461
| -24% | -$202K |
|
8081
PUT
iShare MSCI Eurozone ETF
EZU
$9.97B
| $719K | ﹤0.01% |
13,500
+7,200
| +114% | +$374K |
|
|
SAFE
8082
CALL
Safehold
SAFE
$1.08B
| $719K | ﹤0.01% |
38,400
-16,300
| -30% | -$286K |
|
8083
Vanguard Russell 1000 Value ETF
VONV
$22B
| $719K | ﹤0.01% |
8,708
-1,618
| -16% | -$135K |
|
8084
Castle Biosciences
CSTL
$905M
| $719K | ﹤0.01% |
35,901
+18,467
| +106% | +$457K |
|
8085
Global X US Preferred ETF
PFFD
$2.17B
| $719K | ﹤0.01% |
37,747
+27,104
| +255% | +$532K |
|
8086
Franklin FTSE Europe ETF
FLEE
$120M
| $717K | ﹤0.01% |
23,201
-102,498
| -82% | -$3.09M |
|
8087
WEX
WEX
$6.54B
| $716K | ﹤0.01% |
4,560
-2,713
| -37% | -$447K |
|
8088
Phibro Animal Health
PAHC
$1.39B
| $716K | ﹤0.01% |
33,503
+17,513
| +110% | +$391K |
|
8089
Nuveen Municipal Value Fund
NUV
$1.9B
| $716K | ﹤0.01% |
81,599
+16,713
| +26% | +$146K |
|
8090
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$691M
| $715K | ﹤0.01% |
9,562
+1,667
| +21% | +$122K |
|
8091
Xtrackers MSCI EAFE ESG Leaders Equity ETF
EASG
$69M
| $715K | ﹤0.01% |
23,264
+8,544
| +58% | +$263K |
|
8092
Innovator US Equity Power Buffer ETF March
PMAR
$771M
| $715K | ﹤0.01% |
17,907
-20,147
| -53% | -$816K |
|
8093
PUT
Aspen Aerogels
ASPN
$485M
| $715K | ﹤0.01% |
111,900
-174,400
| -61% | -$1.68M |
|
8094
CALL
Ligand Pharmaceuticals
LGND
$5.87B
| $715K | ﹤0.01% |
6,800
-5,500
| -45% | -$622K |
|
8095
CALL
Arlo Technologies
ARLO
$1.54B
| $715K | ﹤0.01% |
72,400
+40,100
| +124% | +$458K |
|
8096
CALL
BioCryst Pharmaceuticals
BCRX
$2.49B
| $714K | ﹤0.01% |
95,200
-31,000
| -25% | -$250K |
|
|
INN
8097
Summit Hotel Properties
INN
$651M
| $714K | ﹤0.01% |
131,927
+24,902
| +23% | +$158K |
|
8098
Invesco Financial Preferred ETF
PGF
$668M
| $713K | ﹤0.01% |
49,959
-32,381
| -39% | -$475K |
|
8099
Simplify Volatility Premium ETF
SVOL
$540M
| $713K | ﹤0.01% |
39,235
-37,730
| -49% | -$767K |
|
8100
PUT
Stoke Therapeutics
STOK
$2.02B
| $713K | ﹤0.01% |
107,200
+92,300
| +619% | +$861K |
|
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.