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 | |
|---|---|---|---|---|---|---|
|
WPRT
11101
Westport Fuel Systems
WPRT
$33.4M
| $172K | ﹤0.01% |
46,231
-38,120
| -45% | -$156K |
|
11102
CALL
Zevia
ZVIA
$104M
| $171K | ﹤0.01% |
79,100
-50,000
| -39% | -$164K |
|
|
GB
11103
PUT
DELISTED
Global Blue Group Holding
GB
| $171K | ﹤0.01% |
23,200
-200
| -0.9% | -$1.45K |
|
|
GDL
11104
GDL Fund
GDL
$91.8M
| $171K | ﹤0.01% |
20,727
+1,874
| +10% | +$15.5K |
|
|
SRTA
11105
CALL
Strata Critical Medical Inc
SRTA
$524M
| $171K | ﹤0.01% |
62,500
+39,800
| +175% | +$143K |
|
|
BORR
11106
CALL
Borr Drilling
BORR
$1.36B
| $171K | ﹤0.01% |
+77,900
| New | +$235K |
|
|
ERH
11107
Allspring Utilities & High Income Fund
ERH
$103M
| $170K | ﹤0.01% |
15,417
+3,344
| +28% | +$36.8K |
|
11108
CALL
First Trust STOXX European Select Dividend Income Fund
FDD
$915M
| $170K | ﹤0.01% |
+12,500
| New | +$157K |
|
|
ASM
11109
Avino Silver & Gold Mines
ASM
$1.24B
| $169K | ﹤0.01% |
91,804
-31,986
| -26% | -$43.6K |
|
|
MHF
11110
Western Asset Municipal High Income Fund
MHF
$152M
| $169K | ﹤0.01% |
22,783
+11,577
| +103% | +$84.5K |
|
11111
Neurogene
NGNE
$707M
| $169K | ﹤0.01% |
14,405
-60,373
| -81% | -$1.05M |
|
11112
CALL
Vuzix
VUZI
$216M
| $169K | ﹤0.01% |
82,600
-62,900
| -43% | -$206K |
|
11113
Dare Bioscience
DARE
$21.9M
| $168K | ﹤0.01% |
58,164
+17,582
| +43% | +$54.6K |
|
11114
Zentalis Pharmaceuticals
ZNTL
$257M
| $168K | ﹤0.01% |
105,687
+61,707
| +140% | +$133K |
|
|
MHN
11115
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $168K | ﹤0.01% |
16,555
+3,849
| +30% | +$40.1K |
|
11116
PUT
BuzzFeed
BZFD
$90M
| $168K | ﹤0.01% |
78,800
-94,000
| -54% | -$225K |
|
11117
PUT
Harmonic Inc
HLIT
$1.5B
| $168K | ﹤0.01% |
17,500
-12,100
| -41% | -$133K |
|
11118
Cosan
CSAN
$2.47B
| $168K | ﹤0.01% |
+32,098
| New | +$169K |
|
|
SVC
11119
PUT
Service Properties Trust
SVC
$1.06B
| $167K | ﹤0.01% |
12,820
+1,540
| +14% | +$20.9K |
|
11120
PIMCO Corporate & Income Opportunity Fund
PTY
$2.49B
| $167K | ﹤0.01% |
11,546
-46,594
| -80% | -$678K |
|
11121
Design Therapeutics
DSGN
$901M
| $167K | ﹤0.01% |
43,223
+5,911
| +16% | +$28.2K |
|
|
MRDN
11122
Meridian Holdings Inc
MRDN
$180M
| $167K | ﹤0.01% |
7,057
+349
| +5% | +$8.47K |
|
11123
Assembly Biosciences
ASMB
$620M
| $166K | ﹤0.01% |
17,414
-4,040
| -19% | -$52.8K |
|
11124
Angi Inc
ANGI
$193M
| $166K | ﹤0.01% |
10,777
+7,800
| +262% | +$133K |
|
11125
Telos
TLS
$334M
| $166K | ﹤0.01% |
69,769
+43,972
| +170% | +$135K |
|
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.