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 | |
|---|---|---|---|---|---|---|
|
VG
2676
PUT
Venture Global Inc
VG
$35B
| $8.96M | ﹤0.01% |
+869,900
| New | +$12.7M |
|
2677
PUT
Ovintiv
OVV
$17.4B
| $8.95M | ﹤0.01% |
209,100
-42,300
| -17% | -$1.81M |
|
2678
PUT
Global X MSCI Argentina ETF
ARGT
$808M
| $8.95M | ﹤0.01% |
110,800
-29,000
| -21% | -$2.46M |
|
2679
PUT
Amcor
AMCR
$21.3B
| $8.94M | ﹤0.01% |
+184,240
| New | +$9.08M |
|
2680
CALL
MarketAxess Holdings
MKTX
$5.72B
| $8.94M | ﹤0.01% |
41,300
+28,300
| +218% | +$5.94M |
|
2681
PUT
Enovix
ENVX
$958M
| $8.93M | ﹤0.01% |
1,390,743
-2,030,171
| -59% | -$18.1M |
|
2682
PUT
American Water Works
AWK
$27.1B
| $8.92M | ﹤0.01% |
60,500
+14,300
| +31% | +$1.88M |
|
2683
Marriott Vacations Worldwide
VAC
$4.16B
| $8.92M | ﹤0.01% |
138,848
+132,262
| +2,008% | +$10.5M |
|
|
ATSG
2684
CALL
DELISTED
Air Transport Services Group
ATSG
| $8.91M | ﹤0.01% |
397,000
+107,300
| +37% | +$2.39M |
|
2685
CALL
Open Text
OTEX
$5.94B
| $8.9M | ﹤0.01% |
352,400
+261,300
| +287% | +$7.17M |
|
2686
PUT
GeneDx Holdings
WGS
$2.33B
| $8.9M | ﹤0.01% |
100,500
+48,700
| +94% | +$4.22M |
|
2687
CALL
Banco Macro
BMA
$4.96B
| $8.9M | ﹤0.01% |
117,800
-83,400
| -41% | -$7.79M |
|
2688
Nutanix
NTNX
$18B
| $8.89M | ﹤0.01% |
127,296
+119,853
| +1,610% | +$8.29M |
|
2689
PUT
iShares MSCI Taiwan ETF
EWT
$11.5B
| $8.88M | ﹤0.01% |
187,100
-102,200
| -35% | -$5.26M |
|
2690
Lantheus
LNTH
$6.59B
| $8.88M | ﹤0.01% |
91,018
+39,057
| +75% | +$3.65M |
|
2691
PUT
Vanguard Total World Stock ETF
VT
$81.8B
| $8.88M | ﹤0.01% |
76,600
+54,800
| +251% | +$6.56M |
|
|
BNY
2692
Bank of New York Mellon
BNY
$111B
| $8.88M | ﹤0.01% |
105,871
-216,610
| -67% | -$18.2M |
|
2693
CALL
Equifax
EFX
$21.2B
| $8.87M | ﹤0.01% |
36,400
-2,400
| -6% | -$603K |
|
2694
PUT
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.38B
| $8.86M | ﹤0.01% |
39,900
-27,800
| -41% | -$6.85M |
|
2695
CALL
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$42B
| $8.86M | ﹤0.01% |
+171,100
| New | +$9.53M |
|
2696
PUT
Vornado Realty Trust
VNO
$7.28B
| $8.84M | ﹤0.01% |
239,100
-360,600
| -60% | -$14.5M |
|
2697
Columbia EM Core ex-China ETF
XCEM
$2.06B
| $8.84M | ﹤0.01% |
299,146
+237,077
| +382% | +$7.12M |
|
2698
PUT
Gold Fields
GFI
$36B
| $8.83M | ﹤0.01% |
399,600
+28,900
| +8% | +$528K |
|
2699
Paycom
PAYC
$9.83B
| $8.82M | ﹤0.01% |
40,358
+10,024
| +33% | +$2.11M |
|
2700
CALL
Eldorado Gold
EGO
$10.4B
| $8.81M | ﹤0.01% |
524,000
-41,700
| -7% | -$626K |
|
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.