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 | |
|---|---|---|---|---|---|---|
11326
PUT
Bakkt Inc
BKKT
$336M
| $132K | ﹤0.01% |
15,200
-36,500
| -71% | -$623K |
|
11327
CALL
A2Z Smart Technologies
AZ
$361M
| $131K | ﹤0.01% |
+18,600
| New | +$129K |
|
|
WOW
11328
CALL
DELISTED
WideOpenWest
WOW
| $131K | ﹤0.01% |
26,500
-88,600
| -77% | -$407K |
|
11329
AlTi Global
ALTI
$457M
| $131K | ﹤0.01% |
43,039
+28,203
| +190% | +$101K |
|
11330
Gyre Therapeutics
GYRE
$706M
| $131K | ﹤0.01% |
+16,931
| New | +$186K |
|
11331
CALL
Greystone Housing Impact Investors LP
GHI
$141M
| $131K | ﹤0.01% |
+10,600
| New | +$131K |
|
11332
Contango Silver & Gold Inc
CTGO
$657M
| $131K | ﹤0.01% |
+12,791
| New | +$131K |
|
11333
PUT
Prairie Operating Co
PROP
$85.8M
| $131K | ﹤0.01% |
+24,400
| New | +$178K |
|
11334
iBio
IBIO
$73M
| $130K | ﹤0.01% |
+32,413
| New | +$126K |
|
11335
Pliant Therapeutics
PLRX
$66.3M
| $130K | ﹤0.01% |
96,467
+27,893
| +41% | +$169K |
|
11336
Sight Sciences
SGHT
$456M
| $130K | ﹤0.01% |
54,252
+27,017
| +99% | +$76.1K |
|
|
UPB
11337
Upstream Bio Inc
UPB
$378M
| $130K | ﹤0.01% |
+21,264
| New | +$203K |
|
11338
CALL
BRC Inc
BRCC
$215M
| $130K | ﹤0.01% |
62,200
+6,900
| +12% | +$17.6K |
|
|
VFL
11339
DELISTED
abrdn National Municipal Income Fund
VFL
| $130K | ﹤0.01% |
12,789
-4,031
| -24% | -$42K |
|
|
KWY
11340
Kingsway Corp
KWY
$279M
| $130K | ﹤0.01% |
+16,355
| New | +$129K |
|
|
OLO
11341
CALL
DELISTED
Olo Inc
OLO
| $129K | ﹤0.01% |
21,400
-12,800
| -37% | -$89.4K |
|
11342
CALL
Arcos Dorados Holdings
ARCO
$1.66B
| $129K | ﹤0.01% |
16,000
-13,200
| -45% | -$104K |
|
11343
CALL
Red Robin
RRGB
$183M
| $129K | ﹤0.01% |
36,200
-30,500
| -46% | -$156K |
|
|
BWG
11344
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
| $129K | ﹤0.01% |
15,410
-1,537
| -9% | -$12.8K |
|
11345
PUT
The Joint Corp
JYNT
$119M
| $129K | ﹤0.01% |
+10,300
| New | +$116K |
|
|
FNUC
11346
Frontier Nuclear and Minerals Inc
FNUC
$48.6M
| $129K | ﹤0.01% |
19,211
+5,874
| +44% | +$51.5K |
|
|
BACQU
11347
DELISTED
Inflection Point Acquisition Corp IV Unit
BACQU
| $128K | ﹤0.01% |
+12,632
| New | +$128K |
|
11348
CALL
Aquestive Therapeutics
AQST
$533M
| $128K | ﹤0.01% |
44,200
-43,500
| -50% | -$132K |
|
11349
PUT
Wabash National
WNC
$507M
| $128K | ﹤0.01% |
11,600
-4,300
| -27% | -$57.8K |
|
11350
PUT
Amylyx Pharmaceuticals
AMLX
$2.6B
| $128K | ﹤0.01% |
36,200
-193,500
| -84% | -$689K |
|
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.