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 | |
|---|---|---|---|---|---|---|
9501
PUT
indie Semiconductor
INDI
$995M
| $383K | ﹤0.01% |
187,800
+83,800
| +81% | +$291K |
|
|
SKYT
9502
DELISTED
SkyWater Technology
SKYT
| $383K | ﹤0.01% |
54,034
+41,126
| +319% | +$403K |
|
9503
PUT
Grindr
GRND
$2.78B
| $383K | ﹤0.01% |
21,400
-2,000
| -9% | -$35.1K |
|
9504
PUT
Olin
OLN
$2.18B
| $383K | ﹤0.01% |
15,800
-74,300
| -82% | -$2.09M |
|
|
CRESY
9505
Cresud
CRESY
$750M
| $383K | ﹤0.01% |
34,944
+3,683
| +12% | +$42.7K |
|
9506
iShares MSCI Japan Value ETF
EWJV
$754M
| $383K | ﹤0.01% |
11,507
-54,495
| -83% | -$1.78M |
|
9507
Solid Power
SLDP
$552M
| $383K | ﹤0.01% |
364,503
-295,450
| -45% | -$405K |
|
9508
First Bancorp
FNLC
$402M
| $383K | ﹤0.01% |
15,481
+7,728
| +100% | +$198K |
|
|
JANU
9509
AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF
JANU
$84.5M
| $383K | ﹤0.01% |
+15,734
| New | +$395K |
|
9510
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.54B
| $383K | ﹤0.01% |
+24,263
| New | +$401K |
|
|
AISP
9511
PUT
Airship AI Holdings
AISP
$67.5M
| $383K | ﹤0.01% |
99,100
-94,700
| -49% | -$440K |
|
9512
Babcock & Wilcox
BW
$1.53B
| $382K | ﹤0.01% |
568,816
-113,354
| -17% | -$140K |
|
9513
Coya Therapeutics
COYA
$112M
| $382K | ﹤0.01% |
58,982
+28,247
| +92% | +$179K |
|
9514
iShares Breakthrough Environmental Solutions ETF
ETEC
$4.4M
| $382K | ﹤0.01% |
20,503
-2,279
| -10% | -$44.3K |
|
9515
Bahl & Gaynor Income Growth ETF
BGIG
$2.27B
| $381K | ﹤0.01% |
+12,874
| New | +$383K |
|
9516
CALL
Qiagen
QGEN
$8.87B
| $381K | ﹤0.01% |
9,500
-27,639
| -74% | -$1.16M |
|
9517
ProShares Short 20+ Year Treasury ETF
TBF
$107M
| $381K | ﹤0.01% |
+16,161
| New | +$392K |
|
9518
PUT
HighPeak Energy
HPK
$940M
| $381K | ﹤0.01% |
30,100
+7,000
| +30% | +$94.1K |
|
9519
PUT
Grand Canyon Education
LOPE
$3.76B
| $381K | ﹤0.01% |
+2,200
| New | +$382K |
|
9520
Phunware
PHUN
$42.8M
| $380K | ﹤0.01% |
128,947
+5,315
| +4% | +$20.4K |
|
9521
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $380K | ﹤0.01% |
16,421
-41,515
| -72% | -$951K |
|
|
KLC
9522
PUT
KinderCare Learning Companies
KLC
$308M
| $380K | ﹤0.01% |
+32,800
| New | +$608K |
|
9523
CALL
Prothena Corp
PRTA
$455M
| $380K | ﹤0.01% |
30,700
-226,300
| -88% | -$3.2M |
|
9524
PUT
Unisys
UIS
$209M
| $380K | ﹤0.01% |
82,800
-177,500
| -68% | -$990K |
|
9525
PUT
Golub Capital BDC
GBDC
$3.44B
| $380K | ﹤0.01% |
25,100
-39,100
| -61% | -$600K |
|
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.