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 | |
|---|---|---|---|---|---|---|
4876
CALL
Cheniere Energy
CQP
$33.4B
| $2.7M | ﹤0.01% |
40,900
-7,000
| -15% | -$435K |
|
4877
JPMorgan Hedged Equity Laddered Overlay ETF
HELO
$4.75B
| $2.7M | ﹤0.01% |
45,225
+26,575
| +142% | +$1.65M |
|
4878
Curtiss-Wright
CW
$25.8B
| $2.7M | ﹤0.01% |
8,506
-13,336
| -61% | -$4.5M |
|
4879
VanEck Merk Gold Trust
OUNZ
$2.71B
| $2.7M | ﹤0.01% |
+89,530
| New | +$2.48M |
|
4880
CALL
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $2.7M | ﹤0.01% |
154,100
+143,200
| +1,314% | +$2.44M |
|
4881
PUT
ATI
ATI
$31.1B
| $2.7M | ﹤0.01% |
51,800
+3,100
| +6% | +$176K |
|
4882
CALL
Winnebago Industries
WGO
$892M
| $2.69M | ﹤0.01% |
78,200
-66,700
| -46% | -$2.83M |
|
|
SW
4883
Smurfit Westrock
SW
$25.8B
| $2.69M | ﹤0.01% |
59,768
-141,576
| -70% | -$7.18M |
|
4884
PUT
Danaos Corp
DAC
$2.58B
| $2.69M | ﹤0.01% |
34,500
-13,300
| -28% | -$1.07M |
|
4885
CALL
PVH
PVH
$3.8B
| $2.69M | ﹤0.01% |
41,600
-56,600
| -58% | -$4.57M |
|
4886
PUT
Liquidia Corp
LQDA
$6.66B
| $2.69M | ﹤0.01% |
182,300
-227,100
| -55% | -$3.31M |
|
4887
CALL
iShares MSCI ACWI ETF
ACWI
$33.6B
| $2.69M | ﹤0.01% |
23,100
-100,400
| -81% | -$12M |
|
4888
Rezolute
RZLT
$443M
| $2.69M | ﹤0.01% |
926,657
+33,056
| +4% | +$144K |
|
4889
CALL
Palomar
PLMR
$3.37B
| $2.69M | ﹤0.01% |
19,600
+5,100
| +35% | +$604K |
|
4890
PUT
iShares Select Dividend ETF
DVY
$24.1B
| $2.69M | ﹤0.01% |
20,000
-16,500
| -45% | -$2.21M |
|
|
PLTU
4891
Direxion Daily PLTR Bull 2X ETF
PLTU
$604M
| $2.68M | ﹤0.01% |
95,539
+72,353
| +312% | +$2.51M |
|
4892
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $2.68M | ﹤0.01% |
+52,500
| New | +$2.66M |
|
4893
Phinia Inc
PHIN
$2.73B
| $2.68M | ﹤0.01% |
63,193
+26,202
| +71% | +$1.26M |
|
|
MZTI
4894
CALL
The Marzetti Company
MZTI
$3.18B
| $2.68M | ﹤0.01% |
15,300
+4,200
| +38% | +$757K |
|
4895
CALL
iShares Russell Mid-Cap ETF
IWR
$58.4B
| $2.67M | ﹤0.01% |
31,400
-1,500
| -5% | -$134K |
|
4896
ActivePassive International Equity ETF
APIE
$1.16B
| $2.67M | ﹤0.01% |
+88,852
| New | +$2.66M |
|
4897
Turning Point Brands
TPB
$1.75B
| $2.67M | ﹤0.01% |
44,931
-19,153
| -30% | -$1.19M |
|
4898
Dynatrace
DT
$14.2B
| $2.67M | ﹤0.01% |
56,542
+41,622
| +279% | +$2.28M |
|
4899
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.91B
| $2.66M | ﹤0.01% |
+26,771
| New | +$2.66M |
|
4900
CALL
DoubleVerify
DV
$2.04B
| $2.66M | ﹤0.01% |
199,200
-55,100
| -22% | -$1.02M |
|
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.