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 | |
|---|---|---|---|---|---|---|
9551
iShares S&P 500 BuyWrite ETF
IVVW
$341M
| $377K | ﹤0.01% |
8,099
-3,113
| -28% | -$152K |
|
|
YRD
9552
PUT
Yiren Digital
YRD
$104M
| $376K | ﹤0.01% |
54,700
-61,500
| -53% | -$386K |
|
9553
PUT
AZZ Inc
AZZ
$4.55B
| $376K | ﹤0.01% |
4,500
-7,900
| -64% | -$705K |
|
9554
Core Scientific Inc Tranche 1 Warrants
CORZW
$1.33B
| $376K | ﹤0.01% |
124,166
-112,500
| -48% | -$689K |
|
|
ZAP
9555
Global X U.S. Electrification ETF
ZAP
$476M
| $376K | ﹤0.01% |
15,273
-101,821
| -87% | -$2.53M |
|
9556
Orion Group Holdings
ORN
$402M
| $376K | ﹤0.01% |
71,894
+54,611
| +316% | +$382K |
|
9557
NVE Corp
NVEC
$587M
| $376K | ﹤0.01% |
+5,899
| New | +$424K |
|
9558
CALL
Carriage Services
CSV
$579M
| $376K | ﹤0.01% |
9,700
-2,000
| -17% | -$79.4K |
|
9559
iShares iBonds Oct 2028 Term TIPS ETF
IBIE
$157M
| $376K | ﹤0.01% |
14,312
-13,949
| -49% | -$360K |
|
9560
Aldeyra Therapeutics
ALDX
$94.1M
| $376K | ﹤0.01% |
65,308
-26,438
| -29% | -$156K |
|
|
TGNA
9561
CALL
DELISTED
TEGNA Inc
TGNA
| $375K | ﹤0.01% |
20,600
-158,700
| -89% | -$2.87M |
|
9562
PUT
InfraCap MLP ETF
AMZA
$484M
| $375K | ﹤0.01% |
+7,900
| New | +$371K |
|
9563
RE/MAX Holdings
RMAX
$268M
| $375K | ﹤0.01% |
44,839
+32,996
| +279% | +$315K |
|
|
BDN
9564
PUT
Brandywine Realty Trust
BDN
$532M
| $375K | ﹤0.01% |
84,100
-2,500
| -3% | -$12.4K |
|
9565
AdvisorShares Insider Advantage ETF
SURE
$58.1M
| $375K | ﹤0.01% |
3,361
+885
| +36% | +$103K |
|
9566
Biodesix
BDSX
$253M
| $375K | ﹤0.01% |
29,971
-25,816
| -46% | -$495K |
|
9567
Zai Lab
ZLAB
$2.91B
| $375K | ﹤0.01% |
10,364
-12,844
| -55% | -$395K |
|
9568
PUT
Spyre Therapeutics
SYRE
$9.14B
| $374K | ﹤0.01% |
+23,200
| New | +$483K |
|
9569
Citizens Financial Services
CZFS
$397M
| $374K | ﹤0.01% |
6,515
+3,175
| +95% | +$189K |
|
9570
Plumas Bancorp
PLBC
$439M
| $374K | ﹤0.01% |
+8,643
| New | +$387K |
|
9571
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.9M
| $374K | ﹤0.01% |
5,500
-27,412
| -83% | -$1.87M |
|
9572
CALL
ICF International
ICFI
$1.59B
| $374K | ﹤0.01% |
4,400
-3,800
| -46% | -$398K |
|
9573
CALL
Littelfuse
LFUS
$11.6B
| $374K | ﹤0.01% |
1,900
-1,200
| -39% | -$275K |
|
9574
CALL
Avery Dennison
AVY
$13.6B
| $374K | ﹤0.01% |
2,100
-22,100
| -91% | -$4.06M |
|
9575
Clarivate
CLVT
$1.23B
| $374K | ﹤0.01% |
95,092
+64,628
| +212% | +$306K |
|
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.