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 | |
|---|---|---|---|---|---|---|
|
OPRA
2851
CALL
Opera Ltd
OPRA
$1.82B
| $7.89M | ﹤0.01% |
494,700
+93,100
| +23% | +$1.72M |
|
|
HSAI
2852
CALL
Hesai Group
HSAI
$2.86B
| $7.89M | ﹤0.01% |
532,800
+306,100
| +135% | +$5.22M |
|
2853
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$329M
| $7.88M | ﹤0.01% |
110,675
+50,856
| +85% | +$3.2M |
|
2854
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.21B
| $7.88M | ﹤0.01% |
126,802
+109,506
| +633% | +$5.38M |
|
2855
Terreno Realty
TRNO
$7.43B
| $7.88M | ﹤0.01% |
124,577
+78,445
| +170% | +$5.09M |
|
2856
Eaton
ETN
$175B
| $7.87M | ﹤0.01% |
28,956
-307,699
| -91% | -$95.8M |
|
2857
CALL
Cracker Barrel
CBRL
$1.29B
| $7.86M | ﹤0.01% |
202,600
-60,700
| -23% | -$3.06M |
|
|
EXAS
2858
DELISTED
Exact Sciences
EXAS
| $7.86M | ﹤0.01% |
181,574
+150,506
| +484% | +$7.62M |
|
2859
CALL
Noble Corp
NE
$7.2B
| $7.84M | ﹤0.01% |
331,000
-91,400
| -22% | -$2.62M |
|
2860
CALL
Oxford Industries
OXM
$543M
| $7.84M | ﹤0.01% |
133,700
+129,700
| +3,243% | +$9.33M |
|
2861
CALL
TC Energy
TRP
$66.7B
| $7.84M | ﹤0.01% |
166,000
-1,700
| -1% | -$79.3K |
|
2862
CALL
iShares US Medical Devices ETF
IHI
$3.46B
| $7.82M | ﹤0.01% |
130,000
-38,200
| -23% | -$2.37M |
|
2863
PUT
Glaukos
GKOS
$10.9B
| $7.82M | ﹤0.01% |
79,500
-112,800
| -59% | -$15M |
|
2864
Marathon Petroleum
MPC
$99.8B
| $7.82M | ﹤0.01% |
53,676
-220,959
| -80% | -$32.7M |
|
2865
iShares MSCI Mexico ETF
EWW
$1.86B
| $7.8M | ﹤0.01% |
153,132
-62,037
| -29% | -$3.13M |
|
2866
CALL
Wendy's
WEN
$1.65B
| $7.8M | ﹤0.01% |
533,300
-95,700
| -15% | -$1.44M |
|
2867
PUT
United Therapeutics
UTHR
$21.4B
| $7.8M | ﹤0.01% |
25,300
-3,900
| -13% | -$1.34M |
|
2868
State Street
STT
$52.7B
| $7.79M | ﹤0.01% |
87,060
-90,891
| -51% | -$8.68M |
|
2869
PUT
Church & Dwight Co
CHD
$24B
| $7.79M | ﹤0.01% |
70,800
+42,300
| +148% | +$4.53M |
|
2870
Meritage Homes
MTH
$4.76B
| $7.79M | ﹤0.01% |
109,929
+65,915
| +150% | +$4.95M |
|
|
BRSL
2871
Brightstar Lottery PLC
BRSL
$2.15B
| $7.78M | ﹤0.01% |
478,540
+428,046
| +848% | +$7.39M |
|
2872
Lattice Semiconductor
LSCC
$18.5B
| $7.77M | ﹤0.01% |
148,218
+82,148
| +124% | +$4.89M |
|
2873
CALL
J&J Snack Foods
JJSF
$1.67B
| $7.77M | ﹤0.01% |
+59,000
| New | +$7.93M |
|
2874
CALL
Toro Company
TTC
$9.37B
| $7.77M | ﹤0.01% |
106,800
+40,000
| +60% | +$3.16M |
|
2875
PUT
Organon & Co
OGN
$3.6B
| $7.77M | ﹤0.01% |
521,700
+121,700
| +30% | +$1.87M |
|
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.