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 | |
|---|---|---|---|---|---|---|
|
MCW
11401
PUT
DELISTED
Mister Car Wash
MCW
| $122K | ﹤0.01% |
+15,400
| New | +$119K |
|
11402
PUT
Zymeworks
ZYME
$1.77B
| $121K | ﹤0.01% |
10,200
-1,400
| -12% | -$19.1K |
|
11403
Stratasys
SSYS
$767M
| $121K | ﹤0.01% |
12,378
-124,928
| -91% | -$1.28M |
|
|
NNAVW
11404
DELISTED
NextNav Inc Warrant
NNAVW
| $121K | ﹤0.01% |
+27,287
| New | +$120K |
|
|
AVR
11405
Anteris Technologies
AVR
$864M
| $121K | ﹤0.01% |
+33,135
| New | +$213K |
|
|
EEA
11406
European Equity Fund
EEA
$76.8M
| $121K | ﹤0.01% |
13,252
-6,742
| -34% | -$59.6K |
|
11407
CALL
Wheels Up
UP
$190M
| $120K | ﹤0.01% |
5,965
-55
| -0.9% | -$1.51K |
|
|
HITI
11408
CALL
High Tide
HITI
$205M
| $120K | ﹤0.01% |
63,600
+8,900
| +16% | +$23.4K |
|
11409
Black Diamond Therapeutics
BDTX
$121M
| $120K | ﹤0.01% |
77,525
+42,853
| +124% | +$89.8K |
|
11410
ProKidney
PROK
$289M
| $120K | ﹤0.01% |
137,000
+87,206
| +175% | +$121K |
|
11411
SkinHealth Systems
SKIN
$84.2M
| $120K | ﹤0.01% |
89,505
-90,447
| -50% | -$138K |
|
|
TRTX
11412
CALL
TPG RE Finance Trust
TRTX
$610M
| $120K | ﹤0.01% |
14,700
-985,700
| -99% | -$8.34M |
|
11413
CALL
Quantum-Si Incorporated
QSI
$172M
| $120K | ﹤0.01% |
99,700
-143,500
| -59% | -$275K |
|
11414
VanEck Digital Transformation ETF
DAPP
$231M
| $119K | ﹤0.01% |
13,233
-90,392
| -87% | -$1.21M |
|
11415
AmeriServ Financial
ASRV
$84.3M
| $119K | ﹤0.01% |
49,132
-35,832
| -42% | -$93.1K |
|
|
CMU
11416
DELISTED
MFS High Yield Municipal Trust
CMU
| $119K | ﹤0.01% |
34,208
+13,779
| +67% | +$48.8K |
|
|
MYD
11417
DELISTED
BlackRock MuniYield Fund
MYD
| $119K | ﹤0.01% |
11,307
-101,986
| -90% | -$1.09M |
|
11418
Global X ClimateTech ETF
CTEC
$26.3M
| $119K | ﹤0.01% |
3,969
+26
| +0.7% | +$871 |
|
11419
CALL
Stagwell
STGW
$2.29B
| $119K | ﹤0.01% |
19,600
+9,400
| +92% | +$59.1K |
|
11420
Polen Capital Global Growth ETF
PCGG
$6.1M
| $118K | ﹤0.01% |
+10,644
| New | +$126K |
|
|
CEPU
11421
Central Puerto
CEPU
$1.99B
| $118K | ﹤0.01% |
+10,668
| New | +$141K |
|
11422
Heartbeam
BEAT
$32.7M
| $118K | ﹤0.01% |
58,766
+15,166
| +35% | +$32.3K |
|
11423
C4 Therapeutics
CCCC
$502M
| $118K | ﹤0.01% |
73,782
+29,559
| +67% | +$88.2K |
|
|
MCN
11424
Madison Covered Call & Equity Strategy Fund
MCN
$119M
| $118K | ﹤0.01% |
+19,235
| New | +$124K |
|
11425
PUT
Phathom Pharmaceuticals
PHAT
$742M
| $118K | ﹤0.01% |
18,800
-238,600
| -93% | -$1.45M |
|
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.