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

+0.48%

1 Year Return

+2.14%

3 Year Return

+8.79%

5 Year Return

+11.99%

10 Year Return

+18.31%

AUM

$46B

AUM Growth

-$2.2B (-4.6%)

Cap. Flow

-$4.14B

Cap. Flow % of AUM

-9%

Top 10 Holdings % Top 10 Hldgs %

29.07%

Holding

4,939

New

939

Increased

1,912

Reduced

1,437

Closed

392

Top Buys

1	SPDR S&P 500 ETF Trust SPY	+$1.25B
2	Alibaba BABA	+$413M
3	Energy Select Sector SPDR Fund XLE	+$278M
4	Ford F	+$226M
5	Gilead Sciences GILD	+$199M

Top Sells

1	iShares MSCI Emerging Markets ETF EEM	+$1.33B
2	iShares Russell 2000 ETF IWM	+$1.24B
3	YHOO Yahoo Inc YHOO	+$664M
4	Bank of America BAC	+$509M
5	Booking.com BKNG	+$410M

Sector Composition

1	Technology	13.7%
2	Consumer Discretionary	10.91%
3	Financials	8.75%
4	Healthcare	7.37%
5	Energy	6.48%

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
876	SUSQ 876 DELISTED SUSQUEHANNA BANCSHARES INC SUSQ	$5.7M	﹤0.01%	424,450 +139,937	+49%	+$1.88M
877	ANN 877 DELISTED ANN INC ANN	$5.7M	﹤0.01%	156,109 -126,143	-45%	-$4.6M
878	CIE 878 DELISTED Cobalt International Energy, Inc CIE	$5.66M	﹤0.01%	42,432 +23,513	+124%	+$3.14M
879	879 Waste Connections WCN $45.8B	$5.65M	﹤0.01%	192,470 -3,357	-2%	-$98.5K
880	BRCD 880 DELISTED Brocade Communications Systems, Inc. NEW BRCD	$5.63M	﹤0.01%	475,683 -354,739	-43%	-$4.2M
881	881 PBF Energy PBF $3.31B	$5.62M	﹤0.01%	211,105 +118,265	+127%	+$3.15M
882	882 M&T Bank MTB $30.9B	$5.62M	﹤0.01%	44,747 +11,071	+33%	+$1.39M
883	NS 883 DELISTED NuStar Energy L.P. NS	$5.62M	﹤0.01%	97,256 -304,563	-76%	-$17.6M
884	GLUU 884 DELISTED Glu Mobile Inc. GLUU	$5.62M	﹤0.01%	1,440,427 -399,059	-22%	-$1.56M
885	BBG 885 DELISTED Bill Barrett Corp BBG	$5.6M	﹤0.01%	491,950 +316,068	+180%	+$3.6M
886	SOHU 886 Sohu.com SOHU $481M	$5.6M	﹤0.01%	105,343 -142,753	-58%	-$7.59M
887	SVU 887 DELISTED SUPERVALU Inc. SVU	$5.6M	﹤0.01%	82,462 +19,320	+31%	+$1.31M
888	RKUS 888 DELISTED RUCKUS WIRELESS INC COM STK (DE) RKUS	$5.6M	﹤0.01%	465,762 +117,378	+34%	+$1.41M
889	889 Ovintiv OVV $10.9B	$5.6M	﹤0.01%	80,714 -28,224	-26%	-$1.96M
890	HTS 890 DELISTED HATTERAS FINANCIAL CORP HTS	$5.6M	﹤0.01%	303,677 -23,214	-7%	-$428K
891	891 ProShares Ultra Financials UYG $893M	$5.6M	﹤0.01%	225,174 -263,694	-54%	-$6.55M
892	WCG 892 DELISTED Wellcare Health Plans, Inc. WCG	$5.6M	﹤0.01%	68,190 +3,144	+5%	+$258K
893	893 Deluxe DLX $889M	$5.59M	﹤0.01%	89,853 +56,153	+167%	+$3.5M
894	894 Bread Financial BFH $2.98B	$5.59M	﹤0.01%	24,470 +18,377	+302%	+$4.2M
895	CZZ 895 DELISTED Cosan Limited CZZ	$5.58M	﹤0.01%	720,001 +406,248	+129%	+$3.15M
896	896 Vanguard Russell 3000 ETF VTHR $3.61B	$5.57M	﹤0.01%	58,622 +19,719	+51%	+$1.87M
897	897 Fidelity National Information Services FIS $35.4B	$5.57M	﹤0.01%	89,475 +24,493	+38%	+$1.52M
898	898 Dover DOV $24.4B	$5.56M	﹤0.01%	96,007 +78,009	+433%	+$4.52M
899	PCP 899 DELISTED PRECISION CASTPARTS CORP PCP	$5.56M	﹤0.01%	23,070 -27,955	-55%	-$6.73M
900	EZCH 900 DELISTED EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL) EZCH	$5.56M	﹤0.01%	290,301 +18,400	+7%	+$352K