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 | |
|---|---|---|---|---|---|---|
10951
CALL
Hycroft Mining Holding Corp
HYMC
$2.56B
| $195K | ﹤0.01% |
60,300
-165,600
| -73% | -$425K |
|
|
NCTY
10952
The9 Ltd
NCTY
$65.8M
| $195K | ﹤0.01% |
+13,006
| New | +$184K |
|
10953
Hennessy Advisors
HNNA
$78.6M
| $195K | ﹤0.01% |
19,585
+8,783
| +81% | +$102K |
|
10954
Concrete Pumping Holdings
BBCP
$480M
| $195K | ﹤0.01% |
35,723
+16,778
| +89% | +$117K |
|
|
GPMT
10955
CALL
Granite Point Mortgage Trust
GPMT
$57.4M
| $195K | ﹤0.01% |
74,900
+47,000
| +168% | +$134K |
|
10956
Savers
SVV
$1.63B
| $195K | ﹤0.01% |
28,223
-44,272
| -61% | -$409K |
|
|
BBNX
10957
Beta Bionics
BBNX
$808M
| $195K | ﹤0.01% |
+15,904
| New | +$297K |
|
10958
CALL
Seanergy Maritime Holdings
SHIP
$361M
| $195K | ﹤0.01% |
+30,400
| New | +$213K |
|
|
EVF
10959
Eaton Vance Senior Income Trust
EVF
$90.9M
| $194K | ﹤0.01% |
33,292
+7,359
| +28% | +$45K |
|
|
SCPH
10960
DELISTED
scPharmaceuticals
SCPH
| $194K | ﹤0.01% |
73,909
+52,643
| +248% | +$171K |
|
|
LADR
10961
PUT
Ladder Capital
LADR
$1.27B
| $194K | ﹤0.01% |
17,000
-7,000
| -29% | -$80K |
|
|
ARDC
10962
Are Dynamic Credit Allocation Fund
ARDC
$299M
| $194K | ﹤0.01% |
+13,710
| New | +$204K |
|
10963
Red Robin
RRGB
$188M
| $194K | ﹤0.01% |
54,373
+1,615
| +3% | +$8.27K |
|
|
CVE.WS
10964
DELISTED
Cenovus Energy Inc Warrants
CVE.WS
| $194K | ﹤0.01% |
20,306
+9,681
| +91% | +$95.5K |
|
10965
CALL
Evolution Petroleum
EPM
$132M
| $193K | ﹤0.01% |
37,300
-1,000
| -3% | -$5.22K |
|
|
TPIC
10966
CALL
DELISTED
TPI Composites
TPIC
| $193K | ﹤0.01% |
238,500
+4,400
| +2% | +$5.75K |
|
10967
Elicio Therapeutics
ELTX
$80.6M
| $193K | ﹤0.01% |
+31,361
| New | +$243K |
|
10968
Spruce Power Holding Corp
SPRU
$35.3M
| $193K | ﹤0.01% |
80,091
+10,697
| +15% | +$28K |
|
|
AFCG
10969
AFC Gamma
AFCG
$71.4M
| $193K | ﹤0.01% |
34,606
-4,202
| -11% | -$33.4K |
|
10970
PUT
Alphatec Holdings
ATEC
$1.52B
| $193K | ﹤0.01% |
19,000
-24,700
| -57% | -$265K |
|
10971
PUT
Teekay
TK
$1.09B
| $193K | ﹤0.01% |
29,300
-41,100
| -58% | -$284K |
|
|
DTF
10972
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
| $192K | ﹤0.01% |
17,161
-4,934
| -22% | -$55.6K |
|
10973
CALL
Tronox
TROX
$945M
| $192K | ﹤0.01% |
27,300
-12,200
| -31% | -$105K |
|
10974
PUT
FTAI Infrastructure
FIP
$531M
| $192K | ﹤0.01% |
42,400
+19,200
| +83% | +$120K |
|
10975
PUT
Mercer International
MERC
$31.6M
| $192K | ﹤0.01% |
31,200
+4,500
| +17% | +$30.2K |
|
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.