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 | |
|---|---|---|---|---|---|---|
11651
CALL
IHS Holding
IHS
$2.81B
| $83.5K | ﹤0.01% |
16,000
+400
| +3% | +$1.53K |
|
11652
CALL
Cullinan Oncology
CGEM
$1.26B
| $83.3K | ﹤0.01% |
11,000
-8,500
| -44% | -$81.6K |
|
11653
CALL
GeoPark
GPRK
$608M
| $83.2K | ﹤0.01% |
+10,300
| New | +$92.4K |
|
|
MRSN
11654
DELISTED
Mersana Therapeutics
MRSN
| $83K | ﹤0.01% |
9,643
+7,649
| +384% | +$118K |
|
|
TEF
11655
CALL
DELISTED
Telefonica
TEF
| $82.9K | ﹤0.01% |
17,800
+3,800
| +27% | +$16.3K |
|
|
DHY
11656
Credit Suisse High Yield Credit Fund
DHY
$240M
| $82.8K | ﹤0.01% |
39,070
+7,631
| +24% | +$16.4K |
|
|
FIRY
11657
Firy Inc
FIRY
$158M
| $82.8K | ﹤0.01% |
18,403
-6,553
| -26% | -$37.4K |
|
11658
NLI Holdings
NL
$319M
| $82.2K | ﹤0.01% |
+10,410
| New | +$77.5K |
|
11659
CALL
Clean Energy Fuels
CLNE
$395M
| $82K | ﹤0.01% |
52,900
-211,800
| -80% | -$538K |
|
|
ORC
11660
CALL
Orchid Island Capital
ORC
$1.32B
| $82K | ﹤0.01% |
+10,900
| New | +$89.6K |
|
|
NXDR
11661
PUT
Nextdoor Holdings
NXDR
$998M
| $81.7K | ﹤0.01% |
+53,400
| New | +$119K |
|
11662
Caesarstone
CSTE
$105M
| $81.6K | ﹤0.01% |
33,591
+7,638
| +29% | +$28.6K |
|
11663
CALL
SkinHealth Systems
SKIN
$85.9M
| $81.5K | ﹤0.01% |
60,800
-11,300
| -16% | -$17.2K |
|
11664
CALL
Teucrium Wheat Fund
WEAT
$297M
| $81.4K | ﹤0.01% |
3,480
-31,740
| -90% | -$780K |
|
11665
Quest Resource Holding
QRHC
$30.8M
| $81.3K | ﹤0.01% |
31,288
+3,247
| +12% | +$15.4K |
|
11666
Purple Innovation
PRPL
$28.7M
| $81.3K | ﹤0.01% |
4,282
-16
| -0.4% | -$369 |
|
|
IAF
11667
abrdn Australia Equity Fund
IAF
$127M
| $81.1K | ﹤0.01% |
+6,710
| New | +$85.6K |
|
|
DENN
11668
CALL
DELISTED
Denny's
DENN
| $81.1K | ﹤0.01% |
22,100
+4,500
| +26% | +$23.7K |
|
11669
Austin Gold Corp
AUST
$17.7M
| $80.8K | ﹤0.01% |
+62,165
| New | +$83.1K |
|
11670
PUT
Cabaletta Bio
CABA
$442M
| $80.6K | ﹤0.01% |
58,000
+27,400
| +90% | +$58.4K |
|
11671
CALL
iHeartMedia
IHRT
$464M
| $80.5K | ﹤0.01% |
48,800
-36,900
| -43% | -$74.3K |
|
|
CMCM
11672
CALL
Cheetah Mobile
CMCM
$94.7M
| $80.3K | ﹤0.01% |
+18,800
| New | +$92.9K |
|
|
DAWN
11673
CALL
DELISTED
Day One Biopharmaceuticals
DAWN
| $80.1K | ﹤0.01% |
10,100
-10,300
| -50% | -$111K |
|
|
11674
Cabaletta Bio
CABA
$442M
| $80K | ﹤0.01% |
57,780
-374,155
| -87% | -$797K |
|
11675
CALL
MiMedx Group
MDXG
$612M
| $79.8K | ﹤0.01% |
10,500
-17,700
| -63% | -$148K |
|
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.