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 | |
|---|---|---|---|---|---|---|
|
NSA
8126
CALL
DELISTED
National Storage Affiliates Trust
NSA
| $705K | ﹤0.01% |
17,900
+1,100
| +7% | +$41.4K |
|
|
TSEP
8127
FT Vest Emerging Market Buffer ETF - September
TSEP
$16M
| $705K | ﹤0.01% |
34,755
+21,636
| +165% | +$436K |
|
8128
State Street SPDR Portfolio Europe ETF
SPEU
$743M
| $704K | ﹤0.01% |
16,001
+10,387
| +185% | +$449K |
|
8129
TORM
TRMD
$3.08B
| $704K | ﹤0.01% |
42,727
-84,336
| -66% | -$1.63M |
|
8130
CALL
Neonode
NEON
$15.3M
| $704K | ﹤0.01% |
86,500
-28,200
| -25% | -$243K |
|
8131
CALL
Carlyle Secured Lending
CGBD
$781M
| $704K | ﹤0.01% |
43,500
+19,200
| +79% | +$339K |
|
8132
Rayonier
RYN
$6.49B
| $703K | ﹤0.01% |
26,462
-20,317
| -43% | -$515K |
|
8133
PUT
Melco Resorts & Entertainment
MLCO
$2.17B
| $703K | ﹤0.01% |
133,400
-113,900
| -46% | -$641K |
|
|
CMRC
8134
Commerce.com Inc Series 1
CMRC
$181M
| $703K | ﹤0.01% |
121,983
+60,586
| +99% | +$385K |
|
8135
Tejon Ranch
TRC
$442M
| $702K | ﹤0.01% |
44,297
+33,040
| +294% | +$525K |
|
8136
Global X DAX Germany ETF
DAX
$237M
| $702K | ﹤0.01% |
17,953
+6,614
| +58% | +$249K |
|
8137
Choice Hotels
CHH
$4.7B
| $702K | ﹤0.01% |
+5,286
| New | +$754K |
|
8138
PUT
United Natural Foods
UNFI
$2.93B
| $701K | ﹤0.01% |
25,600
+7,700
| +43% | +$223K |
|
8139
ZTO Express
ZTO
$17.4B
| $701K | ﹤0.01% |
35,327
-58,020
| -62% | -$1.13M |
|
8140
CALL
Liberty Media Series A
FWONA
$23.9B
| $701K | ﹤0.01% |
8,600
-2,800
| -25% | -$238K |
|
8141
PUT
AMN Healthcare
AMN
$1.34B
| $700K | ﹤0.01% |
28,600
+4,600
| +19% | +$118K |
|
8142
New Mountain Finance
NMFC
$730M
| $700K | ﹤0.01% |
63,423
-53,685
| -46% | -$612K |
|
8143
Takeda Pharmaceutical
TAK
$56.3B
| $699K | ﹤0.01% |
47,029
+21,118
| +82% | +$296K |
|
|
JPUS
8144
JPMorgan Diversified Return US Equity ETF
JPUS
$469M
| $699K | ﹤0.01% |
6,069
-8,933
| -60% | -$1.04M |
|
|
NETD
8145
DELISTED
Nabors Energy Transition Corp II
NETD
| $699K | ﹤0.01% |
63,808
+51,794
| +431% | +$565K |
|
8146
AngioDynamics
ANGO
$655M
| $698K | ﹤0.01% |
74,364
+47,193
| +174% | +$496K |
|
8147
Vanguard Dividend Appreciation ETF
VIG
$114B
| $697K | ﹤0.01% |
3,594
-95,166
| -96% | -$18.9M |
|
8148
PUT
Veeco
VECO
$3.2B
| $697K | ﹤0.01% |
34,700
-35,200
| -50% | -$843K |
|
8149
CALL
Yext
YEXT
$594M
| $697K | ﹤0.01% |
113,100
-12,300
| -10% | -$79.5K |
|
|
TGB
8150
CALL
Trekor Metals
TGB
$3.06B
| $697K | ﹤0.01% |
311,000
+29,800
| +11% | +$63.2K |
|
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.