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 | |
|---|---|---|---|---|---|---|
1951
PUT
Bank of Montreal
BMO
$129B
| $16.2M | ﹤0.01% |
170,000
+99,700
| +142% | +$9.86M |
|
1952
CALL
Centrus Energy
LEU
$3.81B
| $16.2M | ﹤0.01% |
260,000
-62,700
| -19% | -$5.28M |
|
|
GTM
1953
PUT
ZoomInfo Technologies
GTM
$1.2B
| $16.2M | ﹤0.01% |
1,617,000
-510,600
| -24% | -$5.35M |
|
1954
PUT
Ciena
CIEN
$60.3B
| $16.1M | ﹤0.01% |
266,900
+53,800
| +25% | +$4.25M |
|
1955
Floor & Decor
FND
$6.23B
| $16.1M | ﹤0.01% |
200,054
+149,354
| +295% | +$14.1M |
|
1956
CALL
Tractor Supply
TSCO
$18.6B
| $16.1M | ﹤0.01% |
291,700
-115,700
| -28% | -$6.33M |
|
1957
PUT
NuScale Power
SMR
$3.86B
| $16.1M | ﹤0.01% |
1,134,300
+428,900
| +61% | +$8.67M |
|
|
GAP
1958
CALL
The Gap Inc
GAP
$7.43B
| $16M | ﹤0.01% |
778,100
-450,100
| -37% | -$10.1M |
|
|
BECN
1959
PUT
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $16M | ﹤0.01% |
+129,600
| New | +$15.1M |
|
1960
PUT
Transmedics
TMDX
$3.05B
| $16M | ﹤0.01% |
238,100
-148,900
| -38% | -$10.2M |
|
1961
PUT
Sprott Uranium Miners ETF
URNM
$2B
| $16M | ﹤0.01% |
492,700
+227,600
| +86% | +$8.65M |
|
1962
CALL
First Majestic Silver
AG
$9.49B
| $16M | ﹤0.01% |
2,388,400
-88,400
| -4% | -$526K |
|
1963
PUT
Huntington Ingalls Industries
HII
$12.7B
| $16M | ﹤0.01% |
78,300
+18,400
| +31% | +$3.49M |
|
1964
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.73B
| $16M | ﹤0.01% |
+210,141
| New | +$15.9M |
|
1965
CALL
ProShares UltraPro Short Dow 30
SDOW
$186M
| $15.9M | ﹤0.01% |
305,100
-152,200
| -33% | -$7.4M |
|
1966
CALL
Planet Fitness
PLNT
$3.83B
| $15.9M | ﹤0.01% |
164,800
-73,600
| -31% | -$7.41M |
|
1967
CALL
NexGen Energy
NXE
$6.97B
| $15.9M | ﹤0.01% |
3,543,200
+2,147,500
| +154% | +$12.7M |
|
1968
Veracyte
VCYT
$3.36B
| $15.9M | ﹤0.01% |
536,404
+487,614
| +999% | +$18.6M |
|
1969
Corning
GLW
$142B
| $15.9M | ﹤0.01% |
347,102
+56,614
| +19% | +$2.8M |
|
1970
Hewlett Packard
HPE
$78.4B
| $15.9M | ﹤0.01% |
1,029,823
+367,688
| +56% | +$7.32M |
|
1971
PUT
Golar LNG
GLNG
$5.33B
| $15.9M | ﹤0.01% |
418,000
+340,300
| +438% | +$13.3M |
|
1972
Deckers Outdoor
DECK
$12.7B
| $15.9M | ﹤0.01% |
141,954
+67,798
| +91% | +$11M |
|
1973
CALL
Signet Jewelers
SIG
$3.54B
| $15.8M | ﹤0.01% |
272,800
-120,600
| -31% | -$6.91M |
|
1974
Halliburton
HAL
$28.6B
| $15.8M | ﹤0.01% |
624,127
-509,749
| -45% | -$13.4M |
|
1975
PUT
Sony
SONY
$142B
| $15.8M | ﹤0.01% |
622,700
-187,800
| -23% | -$4.34M |
|
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.