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 | |
|---|---|---|---|---|---|---|
11801
Entera Bio
ENTX
$141M
| $59.1K | ﹤0.01% |
34,766
-3,633
| -9% | -$7.9K |
|
11802
Martin Midstream Partners
MMLP
$89.6M
| $59.1K | ﹤0.01% |
16,416
-119,302
| -88% | -$428K |
|
11803
CALL
Lightwave Logic
LWLG
$1.12B
| $58.9K | ﹤0.01% |
57,200
-342,500
| -86% | -$534K |
|
11804
Yatra Online
YTRA
$55.3M
| $58.5K | ﹤0.01% |
74,583
-35,663
| -32% | -$37K |
|
|
AFCG
11805
PUT
AFC Gamma
AFCG
$68.7M
| $58.5K | ﹤0.01% |
10,500
-4,400
| -30% | -$35K |
|
11806
CALL
Nerdy
NRDY
$92.6M
| $58.2K | ﹤0.01% |
41,000
-10,100
| -20% | -$17K |
|
11807
Gerdau
GGB
$9.42B
| $58.2K | ﹤0.01% |
20,489
-66,609
| -76% | -$194K |
|
|
SANG
11808
Sangoma Technologies
SANG
$133M
| $57.9K | ﹤0.01% |
+12,625
| New | +$76.5K |
|
11809
Nautilus Biotechnolgy
NAUT
$113M
| $57.9K | ﹤0.01% |
67,293
+28,289
| +73% | +$42K |
|
11810
CALL
QuickLogic
QUIK
$230M
| $57.7K | ﹤0.01% |
11,300
-41,000
| -78% | -$308K |
|
|
KZR
11811
CALL
DELISTED
Kezar Life Sciences
KZR
| $57.6K | ﹤0.01% |
11,800
-400
| -3% | -$2.43K |
|
11812
Orion Energy Systems
OESX
$78.9M
| $56.9K | ﹤0.01% |
7,890
-5,071
| -39% | -$41K |
|
11813
PUT
Blend Labs
BLND
$367M
| $56.6K | ﹤0.01% |
+16,900
| New | +$61.4K |
|
11814
CALL
Personalis
PSNL
$1.54B
| $56.5K | ﹤0.01% |
+16,100
| New | +$76.5K |
|
|
11815
CALL
Gerdau
GGB
$9.42B
| $56.2K | ﹤0.01% |
19,800
-56,700
| -74% | -$166K |
|
11816
CALL
SES AI
SES
$227M
| $56.1K | ﹤0.01% |
107,900
-362,300
| -77% | -$333K |
|
|
NRO
11817
Neuberger Real Estate Securities Income Fund Inc
NRO
$189M
| $56.1K | ﹤0.01% |
16,995
-3,127
| -16% | -$10.5K |
|
|
BZUN
11818
CALL
Baozun
BZUN
$168M
| $56K | ﹤0.01% |
+20,500
| New | +$65.1K |
|
11819
Noodles & Co
NDLS
$100M
| $55.9K | ﹤0.01% |
+6,406
| New | +$63.1K |
|
11820
ETRACS 2x Monthly Pay Leveraged US Small Cap High Dividend ETN Series B
SMHB
$24M
| $55.5K | ﹤0.01% |
11,725
-25,966
| -69% | -$135K |
|
11821
Rockwell Medical
RMTI
$30.9M
| $55.4K | ﹤0.01% |
4,903
-9,540
| -66% | -$173K |
|
|
PPSI
11822
CALL
Pioneer Power Solutions
PPSI
$33.5M
| $55.3K | ﹤0.01% |
18,500
-31,400
| -63% | -$114K |
|
11823
CALL
Fossil Group
FOSL
$330M
| $55.2K | ﹤0.01% |
48,000
-118,100
| -71% | -$185K |
|
11824
CALL
Seres Therapeutics
MCRB
$45M
| $55.2K | ﹤0.01% |
3,940
-129,750
| -97% | -$2.03M |
|
11825
CALL
BARK
BARK
$94.3M
| $54.9K | ﹤0.01% |
1,975
+445
| +29% | +$15.6K |
|
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.