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 | |
|---|---|---|---|---|---|---|
1676
Cytokinetics
CYTK
$10.2B
| $21.7M | ﹤0.01% |
539,110
+399,993
| +288% | +$18.4M |
|
|
AXON
1677
Axon Enterprise
AXON
$50B
| $21.7M | ﹤0.01% |
41,183
+4,308
| +12% | +$2.52M |
|
1678
CALL
KeyCorp
KEY
$24.6B
| $21.7M | ﹤0.01% |
1,354,600
-562,200
| -29% | -$9.54M |
|
1679
Indivior Pharmaceuticals
INDV
$4.57B
| $21.7M | ﹤0.01% |
2,271,942
+2,050,248
| +925% | +$21.6M |
|
1680
Workday
WDAY
$51B
| $21.6M | ﹤0.01% |
92,672
-21,546
| -19% | -$5.5M |
|
1681
PUT
BioMarin Pharmaceuticals
BMRN
$13.3B
| $21.6M | ﹤0.01% |
305,000
-495,300
| -62% | -$33.3M |
|
|
AZEK
1682
DELISTED
The AZEK Co
AZEK
| $21.5M | ﹤0.01% |
440,266
+213,821
| +94% | +$10.1M |
|
|
WBA
1683
DELISTED
Walgreens Boots Alliance
WBA
| $21.5M | ﹤0.01% |
1,926,854
-1,387,566
| -42% | -$15.1M |
|
|
CTRA
1684
CALL
DELISTED
Coterra Energy
CTRA
| $21.5M | ﹤0.01% |
744,200
-338,000
| -31% | -$9.43M |
|
|
RDFN
1685
CALL
DELISTED
Redfin
RDFN
| $21.5M | ﹤0.01% |
2,333,300
+574,100
| +33% | +$4.91M |
|
|
P
1686
CALL
Everpure Inc
P
$39B
| $21.4M | ﹤0.01% |
484,500
-245,400
| -34% | -$14.8M |
|
1687
News Corp Class A
NWSA
$15.5B
| $21.4M | ﹤0.01% |
787,291
-15,416
| -2% | -$431K |
|
1688
PUT
KB Home
KBH
$3.45B
| $21.4M | ﹤0.01% |
368,600
-912,200
| -71% | -$58.1M |
|
1689
CALL
NuScale Power
SMR
$4.04B
| $21.4M | ﹤0.01% |
1,512,600
+249,900
| +20% | +$5.05M |
|
1690
CALL
Peabody Energy
BTU
$2.94B
| $21.4M | ﹤0.01% |
1,580,500
-567,900
| -26% | -$9.14M |
|
1691
CALL
Citizens Financial Group
CFG
$31.2B
| $21.4M | ﹤0.01% |
521,500
+13,400
| +3% | +$598K |
|
1692
PUT
Tradeweb Markets
TW
$21.9B
| $21.4M | ﹤0.01% |
143,900
-500
| -0.3% | -$66.5K |
|
1693
CALL
Baker Hughes
BKR
$63B
| $21.3M | ﹤0.01% |
485,000
-326,800
| -40% | -$14.6M |
|
1694
PUT
Sanofi
SNY
$105B
| $21.3M | ﹤0.01% |
384,300
+40,500
| +12% | +$2.19M |
|
1695
CALL
Exelixis
EXEL
$12.5B
| $21.3M | ﹤0.01% |
575,700
+122,700
| +27% | +$4.37M |
|
1696
Zoetis
ZTS
$31.3B
| $21.2M | ﹤0.01% |
128,913
-102,232
| -44% | -$17M |
|
1697
Baxter International
BAX
$14B
| $21.2M | ﹤0.01% |
619,612
-99,258
| -14% | -$3.25M |
|
1698
CALL
Vodafone
VOD
$37.2B
| $21.2M | ﹤0.01% |
2,263,400
+1,539,800
| +213% | +$13.5M |
|
|
COOP
1699
CALL
DELISTED
Mr. Cooper
COOP
| $21.2M | ﹤0.01% |
177,200
+64,100
| +57% | +$6.69M |
|
1700
CALL
Barclays
BCS
$94.6B
| $21.2M | ﹤0.01% |
1,379,100
+137,400
| +11% | +$2.06M |
|
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.