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 | |
|---|---|---|---|---|---|---|
1826
Simon Property Group
SPG
$71.5B
| $18.3M | ﹤0.01% |
110,201
-69,331
| -39% | -$12.1M |
|
|
BPMC
1827
PUT
DELISTED
Blueprint Medicines
BPMC
| $18.3M | ﹤0.01% |
206,600
-50,400
| -20% | -$4.92M |
|
1828
PUT
Alexandria Real Estate Equities
ARE
$8.32B
| $18.2M | ﹤0.01% |
196,600
-13,600
| -6% | -$1.33M |
|
1829
PUT
Stride
LRN
$3.45B
| $18.2M | ﹤0.01% |
143,700
+2,900
| +2% | +$367K |
|
1830
PUT
Clean Harbors
CLH
$17B
| $18.2M | ﹤0.01% |
92,200
+87,900
| +2,044% | +$19.2M |
|
1831
PUT
Enbridge
ENB
$111B
| $18.2M | ﹤0.01% |
410,100
-24,700
| -6% | -$1.07M |
|
1832
Viatris
VTRS
$18.5B
| $18.2M | ﹤0.01% |
2,085,684
+1,311,964
| +170% | +$13.8M |
|
1833
CALL
Dover
DOV
$28B
| $18.2M | ﹤0.01% |
103,400
+6,600
| +7% | +$1.27M |
|
1834
PUT
Canadian Pacific Kansas City
CP
$83B
| $18.2M | ﹤0.01% |
258,700
+142,000
| +122% | +$10.8M |
|
1835
PUT
ProShares Ultra QQQ
QLD
$14.3B
| $18.2M | ﹤0.01% |
408,600
-233,400
| -36% | -$12.3M |
|
1836
PUT
Quantum Computing Inc
QUBT
$2.02B
| $18.1M | ﹤0.01% |
2,264,400
+1,271,300
| +128% | +$11.2M |
|
1837
PUT
iShares US Aerospace & Defense ETF
ITA
$15B
| $18.1M | ﹤0.01% |
118,200
+31,900
| +37% | +$4.87M |
|
1838
CALL
Cincinnati Financial
CINF
$26.6B
| $18.1M | ﹤0.01% |
122,500
-14,100
| -10% | -$1.98M |
|
1839
PUT
L3Harris
LHX
$54.2B
| $18.1M | ﹤0.01% |
86,400
+15,400
| +22% | +$3.23M |
|
1840
iShares Silver Trust
SLV
$31.6B
| $18M | ﹤0.01% |
582,115
-265,793
| -31% | -$7.72M |
|
|
CNR
1841
CALL
Core Natural Resources Inc
CNR
$4.74B
| $18M | ﹤0.01% |
233,700
-167,300
| -42% | -$14.1M |
|
1842
Sea Limited
SE
$74.5B
| $18M | ﹤0.01% |
137,901
+59,628
| +76% | +$7.39M |
|
1843
Gilead Sciences
GILD
$171B
| $18M | ﹤0.01% |
160,466
-441,080
| -73% | -$45.5M |
|
1844
Yum China
YUMC
$16.2B
| $18M | ﹤0.01% |
344,987
+322,952
| +1,466% | +$15.5M |
|
1845
CALL
Lincoln National
LNC
$8.75B
| $18M | ﹤0.01% |
500,100
+78,100
| +19% | +$2.77M |
|
1846
Cboe Global Markets
CBOE
$30.9B
| $18M | ﹤0.01% |
79,343
+26,508
| +50% | +$5.5M |
|
1847
PUT
State Street
STT
$52.5B
| $17.9M | ﹤0.01% |
200,100
-186,700
| -48% | -$17.8M |
|
1848
PUT
Neurocrine Biosciences
NBIX
$15.4B
| $17.9M | ﹤0.01% |
161,400
+137,700
| +581% | +$17.4M |
|
1849
CALL
Quest Diagnostics
DGX
$26B
| $17.8M | ﹤0.01% |
105,400
+7,600
| +8% | +$1.25M |
|
1850
iShares MSCI Canada ETF
EWC
$6.55B
| $17.8M | ﹤0.01% |
437,412
+124,720
| +40% | +$5.12M |
|
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.