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 | |
|---|---|---|---|---|---|---|
1976
PUT
Lincoln National
LNC
$8.74B
| $15.8M | ﹤0.01% |
439,300
-255,400
| -37% | -$9.06M |
|
|
EH
1977
PUT
EHang Holdings
EH
$449M
| $15.8M | ﹤0.01% |
754,600
-625,700
| -45% | -$12.7M |
|
1978
Global Payments
GPN
$24.6B
| $15.8M | ﹤0.01% |
160,980
-36,053
| -18% | -$3.77M |
|
1979
Intercontinental Exchange
ICE
$86.6B
| $15.8M | ﹤0.01% |
91,358
-130,995
| -59% | -$21.5M |
|
|
ESGR
1980
CALL
DELISTED
Enstar Group
ESGR
| $15.8M | ﹤0.01% |
47,400
+35,000
| +282% | +$11.5M |
|
1981
PUT
Centrus Energy
LEU
$3.81B
| $15.8M | ﹤0.01% |
253,200
-47,800
| -16% | -$4.03M |
|
1982
PUT
Ferguson
FERG
$47.7B
| $15.7M | ﹤0.01% |
98,200
+58,400
| +147% | +$10.1M |
|
1983
United States Natural Gas Fund
UNG
$491M
| $15.7M | ﹤0.01% |
727,687
+123,104
| +20% | +$2.43M |
|
1984
PUT
Albertsons Companies
ACI
$6.05B
| $15.7M | ﹤0.01% |
715,100
-1,049,700
| -59% | -$21.7M |
|
1985
FMC
FMC
$1.28B
| $15.7M | ﹤0.01% |
372,644
+243,078
| +188% | +$10.8M |
|
1986
PUT
Tyler Technologies
TYL
$13.4B
| $15.7M | ﹤0.01% |
27,000
+2,500
| +10% | +$1.48M |
|
1987
CALL
Lumen
LUMN
$6.66B
| $15.7M | ﹤0.01% |
3,997,400
-2,417,800
| -38% | -$12M |
|
1988
CALL
Joby Aviation
JOBY
$7.83B
| $15.7M | ﹤0.01% |
2,602,300
+735,900
| +39% | +$5.51M |
|
1989
PUT
Chord Energy
CHRD
$7.49B
| $15.6M | ﹤0.01% |
138,800
+27,900
| +25% | +$3.17M |
|
1990
PUT
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.7B
| $15.6M | ﹤0.01% |
248,200
+158,200
| +176% | +$10.5M |
|
1991
Rigetti Computing
RGTI
$6.3B
| $15.6M | ﹤0.01% |
1,973,563
+1,886,501
| +2,167% | +$20.9M |
|
1992
CALL
iShares MSCI Japan ETF
EWJ
$23.1B
| $15.6M | ﹤0.01% |
227,200
-146,200
| -39% | -$10.1M |
|
1993
OneMain Financial
OMF
$7.54B
| $15.6M | ﹤0.01% |
318,617
+132,278
| +71% | +$7.01M |
|
|
TIGR
1994
UP Fintech Holding
TIGR
$817M
| $15.6M | ﹤0.01% |
1,811,668
+1,148,975
| +173% | +$8.58M |
|
|
BECN
1995
CALL
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $15.6M | ﹤0.01% |
125,800
+108,300
| +619% | +$12.6M |
|
1996
CALL
iShares Russell 1000 ETF
IWB
$50.3B
| $15.6M | ﹤0.01% |
50,700
-21,600
| -30% | -$6.98M |
|
1997
Kraft Heinz
KHC
$30.1B
| $15.5M | ﹤0.01% |
510,944
-786,579
| -61% | -$23.5M |
|
1998
Capri Holdings
CPRI
$1.75B
| $15.5M | ﹤0.01% |
787,461
+396,798
| +102% | +$8.79M |
|
|
HUT
1999
CALL
Hut 8
HUT
$10.8B
| $15.5M | ﹤0.01% |
1,335,800
-706,500
| -35% | -$13M |
|
2000
HF Sinclair
DINO
$16.5B
| $15.5M | ﹤0.01% |
470,220
+193,590
| +70% | +$6.79M |
|
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.