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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
10701
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
| $228K | ﹤0.01% |
4,610
-3,105
| -40% | -$153K |
|
10702
Tronox
TROX
$952M
| $228K | ﹤0.01% |
56,758
-351,363
| -86% | -$1.61M |
|
10703
CALL
Gladstone Investment Corp
GAIN
$649M
| $228K | ﹤0.01% |
+16,500
| New | +$232K |
|
10704
Climb Global Solutions
CLMB
$532M
| $228K | ﹤0.01% |
6,764
-24,992
| -79% | -$741K |
|
10705
TechTarget
TTGT
$278M
| $228K | ﹤0.01% |
39,238
-2,913
| -7% | -$19.3K |
|
|
ATXS
10706
CALL
DELISTED
Astria Therapeutics
ATXS
| $228K | ﹤0.01% |
+31,300
| New | +$212K |
|
10707
THOR Low Volatility ETF
THLV
$57.5M
| $228K | ﹤0.01% |
+7,590
| New | +$223K |
|
|
MUD
10708
Direxion Daily MU Bear 1X ETF
MUD
$39M
| $228K | ﹤0.01% |
2,062
+594
| +40% | +$89.9K |
|
10709
CALL
nCino
NCNO
$2.28B
| $228K | ﹤0.01% |
8,400
-5,600
| -40% | -$164K |
|
10710
CALL
iShares US Oil Equipment & Services ETF
IEZ
$393M
| $228K | ﹤0.01% |
11,800
-10,700
| -48% | -$196K |
|
10711
CALL
Hagerty
HGTY
$1.32B
| $228K | ﹤0.01% |
18,900
-4,700
| -20% | -$52.1K |
|
10712
First Trust Smith Unconstrained Bond ETF
UCON
$3.28B
| $228K | ﹤0.01% |
9,033
-187,161
| -95% | -$4.68M |
|
10713
CALL
Upland Software
UPLD
$15.7M
| $228K | ﹤0.01% |
9,600
+4,990
| +108% | +$114K |
|
10714
Backblaze
BLZE
$1.18B
| $228K | ﹤0.01% |
24,517
-61,366
| -71% | -$451K |
|
10715
PROG Holdings
PRG
$1.7B
| $227K | ﹤0.01% |
7,028
-60,339
| -90% | -$1.98M |
|
10716
Franklin FTSE United Kingdom ETF
FLGB
$925M
| $227K | ﹤0.01% |
+7,034
| New | +$221K |
|
10717
MSC Industrial Direct
MSM
$6.91B
| $227K | ﹤0.01% |
2,465
-8,743
| -78% | -$780K |
|
10718
CALL
Achieve Life Sciences
ACHV
$779M
| $227K | ﹤0.01% |
72,100
+61,500
| +580% | +$169K |
|
|
RCS
10719
PIMCO Strategic Income Fund
RCS
$250M
| $227K | ﹤0.01% |
29,893
+5,192
| +21% | +$37.4K |
|
10720
CALL
Lakeland Industries
LAKE
$117M
| $226K | ﹤0.01% |
+15,300
| New | +$223K |
|
10721
Value Line
VALU
$353M
| $226K | ﹤0.01% |
5,790
-355
| -6% | -$13.6K |
|
10722
Outfront Media
OUT
$5.33B
| $226K | ﹤0.01% |
12,349
-158,430
| -93% | -$2.88M |
|
10723
Resources Connection
RGP
$145M
| $226K | ﹤0.01% |
44,794
-28,444
| -39% | -$146K |
|
10724
PUT
Federal Signal
FSS
$7.68B
| $226K | ﹤0.01% |
1,900
-9,300
| -83% | -$1.12M |
|
10725
Fate Therapeutics
FATE
$300M
| $225K | ﹤0.01% |
178,927
-110,305
| -38% | -$119K |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.