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 | |
|---|---|---|---|---|---|---|
2351
Weibo
WB
$1.88B
| $11.4M | ﹤0.01% |
1,208,945
+630,081
| +109% | +$6.4M |
|
2352
PUT
SL Green Realty
SLG
$3.97B
| $11.4M | ﹤0.01% |
198,400
-283,200
| -59% | -$17.9M |
|
2353
CALL
AvalonBay Communities
AVB
$26.3B
| $11.4M | ﹤0.01% |
53,300
+29,600
| +125% | +$6.43M |
|
2354
PUT
Exelixis
EXEL
$12.7B
| $11.4M | ﹤0.01% |
309,800
-118,100
| -28% | -$4.21M |
|
2355
Commault Systems
CVLT
$6.1B
| $11.4M | ﹤0.01% |
72,451
+53,355
| +279% | +$8.78M |
|
2356
Valley National Bancorp
VLY
$8.29B
| $11.4M | ﹤0.01% |
1,283,770
+802,867
| +167% | +$7.59M |
|
2357
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.24B
| $11.4M | ﹤0.01% |
260,300
+123,647
| +90% | +$5.36M |
|
2358
CALL
iShares Select Dividend ETF
DVY
$24.1B
| $11.4M | ﹤0.01% |
84,900
+54,300
| +177% | +$7.28M |
|
2359
Chubb
CB
$133B
| $11.4M | ﹤0.01% |
37,729
-107,776
| -74% | -$29.9M |
|
2360
CALL
iShares S&P 500 Growth ETF
IVW
$77.6B
| $11.4M | ﹤0.01% |
122,500
+17,400
| +17% | +$1.75M |
|
2361
GFL Environmental
GFL
$15.1B
| $11.4M | ﹤0.01% |
+235,108
| New | +$10.7M |
|
2362
Fabrinet
FN
$20.4B
| $11.4M | ﹤0.01% |
57,488
+38,542
| +203% | +$8.41M |
|
2363
PUT
Zions Bancorporation
ZION
$10.5B
| $11.4M | ﹤0.01% |
227,700
-73,100
| -24% | -$3.94M |
|
2364
Bright Horizons
BFAM
$3.75B
| $11.4M | ﹤0.01% |
89,344
+37,852
| +74% | +$4.65M |
|
2365
PUT
New Oriental
EDU
$8.36B
| $11.3M | ﹤0.01% |
237,300
+141,300
| +147% | +$7.26M |
|
|
CNH
2366
CNH Industrial
CNH
$16.8B
| $11.3M | ﹤0.01% |
923,858
+254,260
| +38% | +$3.19M |
|
|
INFA
2367
DELISTED
Informatica
INFA
| $11.3M | ﹤0.01% |
649,238
+547,349
| +537% | +$12M |
|
2368
CALL
Pagaya Technologies
PGY
$1.8B
| $11.3M | ﹤0.01% |
1,079,400
-416,500
| -28% | -$4.62M |
|
|
MRP
2369
Millrose Properties Inc
MRP
$5.04B
| $11.3M | ﹤0.01% |
+426,632
| New | +$9.99M |
|
2370
PUT
Parsons
PSN
$5.12B
| $11.3M | ﹤0.01% |
190,800
+73,100
| +62% | +$5.29M |
|
|
CNH
2371
PUT
CNH Industrial
CNH
$16.8B
| $11.3M | ﹤0.01% |
919,500
+166,900
| +22% | +$2.09M |
|
2372
Aon
AON
$75.5B
| $11.3M | ﹤0.01% |
28,293
-59,545
| -68% | -$22.8M |
|
2373
Red Rock Resorts
RRR
$3.76B
| $11.3M | ﹤0.01% |
260,051
+134,476
| +107% | +$6.36M |
|
2374
CALL
McCormick & Company Non-Voting
MKC
$14.7B
| $11.3M | ﹤0.01% |
136,900
-96,100
| -41% | -$7.53M |
|
2375
CALL
Guidewire Software
GWRE
$14.6B
| $11.3M | ﹤0.01% |
60,100
-32,700
| -35% | -$6.36M |
|
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.