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 | |
|---|---|---|---|---|---|---|
11026
Fennec Pharmaceuticals
FENC
$418M
| $184K | ﹤0.01% |
30,258
+17,826
| +143% | +$114K |
|
11027
NetSol Technologies
NTWK
$48.3M
| $184K | ﹤0.01% |
76,125
-17,860
| -19% | -$45.3K |
|
|
DAO
11028
Youdao
DAO
$2.17B
| $184K | ﹤0.01% |
24,096
+11,356
| +89% | +$93.6K |
|
11029
CALL
Citizens
CIA
$200M
| $184K | ﹤0.01% |
40,400
+17,900
| +80% | +$86.3K |
|
11030
PUT
Lightwave Logic
LWLG
$1.18B
| $184K | ﹤0.01% |
178,400
-113,300
| -39% | -$177K |
|
|
QIPT
11031
DELISTED
Quipt Home Medical
QIPT
| $184K | ﹤0.01% |
78,816
-8,911
| -10% | -$24.4K |
|
|
MAPS
11032
DELISTED
WM TECHNOLOGY INC A
MAPS
| $183K | ﹤0.01% |
162,224
+51,387
| +46% | +$68.5K |
|
11033
PUT
First Watch Restaurant Group
FWRG
$813M
| $183K | ﹤0.01% |
+11,000
| New | +$212K |
|
11034
PUT
inTEST
INTT
$177M
| $183K | ﹤0.01% |
26,200
+9,700
| +59% | +$80.5K |
|
11035
CALL
Treace Medical Concepts
TMCI
$309M
| $183K | ﹤0.01% |
21,800
+8,900
| +69% | +$80K |
|
11036
Nomura Holdings
NMR
$28.7B
| $183K | ﹤0.01% |
29,707
+10,133
| +52% | +$64.5K |
|
11037
American Vanguard Corp
AVD
$62.8M
| $183K | ﹤0.01% |
41,508
-223
| -0.5% | -$1.14K |
|
11038
PUT
Aegon
AEG
$14B
| $183K | ﹤0.01% |
27,700
-12,700
| -31% | -$81.2K |
|
11039
Instil Bio
TIL
$49.9M
| $182K | ﹤0.01% |
+10,511
| New | +$218K |
|
11040
Neumora Therapeutics
NMRA
$304M
| $182K | ﹤0.01% |
182,341
+146,060
| +403% | +$250K |
|
|
RSVR
11041
Reservoir Media
RSVR
$666M
| $182K | ﹤0.01% |
23,896
+12,177
| +104% | +$95.5K |
|
11042
CALL
Bakkt Inc
BKKT
$334M
| $182K | ﹤0.01% |
21,000
-498,600
| -96% | -$8.52M |
|
|
AVGX
11043
CALL
Defiance Daily Target 2X Long AVGO ETF
AVGX
$193M
| $182K | ﹤0.01% |
+12,300
| New | +$314K |
|
11044
CALL
Sagimet Biosciences
SGMT
$597M
| $182K | ﹤0.01% |
55,800
+33,400
| +149% | +$140K |
|
11045
Perspective Therapeutics
CATX
$365M
| $182K | ﹤0.01% |
85,330
+58,891
| +223% | +$177K |
|
11046
PUT
Rigel Pharmaceuticals
RIGL
$781M
| $182K | ﹤0.01% |
+10,100
| New | +$205K |
|
|
DHC
11047
PUT
Diversified Healthcare Trust
DHC
$2.02B
| $182K | ﹤0.01% |
75,700
+8,500
| +13% | +$21K |
|
11048
PUT
Columbia Financial
CLBK
$1.22B
| $182K | ﹤0.01% |
12,100
-7,500
| -38% | -$116K |
|
11049
Medifast
MED
$130M
| $181K | ﹤0.01% |
13,458
-148,332
| -92% | -$2.23M |
|
11050
PUT
Mitsubishi UFJ Financial
MUFG
$259B
| $181K | ﹤0.01% |
+13,300
| New | +$171K |
|
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.