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 | |
|---|---|---|---|---|---|---|
2001
Match Group
MTCH
$8.71B
| $15.4M | ﹤0.01% |
494,414
-157,792
| -24% | -$5.16M |
|
2002
CALL
Textron
TXT
$15.3B
| $15.4M | ﹤0.01% |
213,300
+85,300
| +67% | +$6.38M |
|
2003
Occidental Petroleum Corp Warrants
OXY.WS
$34.4B
| $15.4M | ﹤0.01% |
556,894
+186,612
| +50% | +$5.06M |
|
2004
CALL
Sunrun
RUN
$2.43B
| $15.4M | ﹤0.01% |
2,628,400
-679,500
| -21% | -$5.6M |
|
2005
PUT
United States Natural Gas Fund
UNG
$488M
| $15.4M | ﹤0.01% |
712,500
-4,326,200
| -86% | -$85.3M |
|
2006
PUT
Group 1 Automotive
GPI
$3.13B
| $15.4M | ﹤0.01% |
40,300
-2,600
| -6% | -$1.14M |
|
2007
CALL
Paycom
PAYC
$9.82B
| $15.4M | ﹤0.01% |
70,400
-83,800
| -54% | -$17.7M |
|
|
XIFR
2008
PUT
XPLR Infrastructure LP
XIFR
$1.11B
| $15.4M | ﹤0.01% |
1,618,700
+1,049,200
| +184% | +$11.9M |
|
2009
Global X Uranium ETF
URA
$6.26B
| $15.4M | ﹤0.01% |
669,927
-280,990
| -30% | -$7.48M |
|
2010
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$6.35B
| $15.3M | ﹤0.01% |
262,100
-559,100
| -68% | -$45.5M |
|
2011
CALL
Shift4
FOUR
$3.61B
| $15.3M | ﹤0.01% |
187,800
-134,700
| -42% | -$13.9M |
|
2012
CALL
Entegris
ENTG
$24.5B
| $15.3M | ﹤0.01% |
175,200
-274,300
| -61% | -$27.7M |
|
2013
PUT
Sable Offshore Corp
SOC
$791M
| $15.3M | ﹤0.01% |
603,300
+298,000
| +98% | +$7.63M |
|
2014
ProShares Ultra Bloomberg Natural Gas
BOIL
$400M
| $15.3M | ﹤0.01% |
89,133
+26,557
| +42% | +$3.99M |
|
2015
iShares Core US Aggregate Bond ETF
AGG
$138B
| $15.3M | ﹤0.01% |
154,452
-202,513
| -57% | -$19.8M |
|
2016
CALL
J.M. Smucker
SJM
$12.9B
| $15.3M | ﹤0.01% |
129,000
-172,700
| -57% | -$18.7M |
|
2017
MP Materials
MP
$10.6B
| $15.3M | ﹤0.01% |
625,597
+528,461
| +544% | +$12.3M |
|
2018
2x Bitcoin ETF
BITX
$850M
| $15.3M | ﹤0.01% |
430,082
+286,499
| +200% | +$14.1M |
|
2019
PUT
Mettler-Toledo International
MTD
$28.3B
| $15.2M | ﹤0.01% |
12,900
+5,600
| +77% | +$7.15M |
|
2020
CALL
Ollie's Bargain Outlet
OLLI
$4.63B
| $15.2M | ﹤0.01% |
130,900
-3,200
| -2% | -$338K |
|
2021
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $15.2M | ﹤0.01% |
279,100
-122,400
| -30% | -$6.54M |
|
2022
CALL
Shake Shack
SHAK
$3.05B
| $15.2M | ﹤0.01% |
172,100
-114,500
| -40% | -$12.4M |
|
2023
CALL
Innodata
INOD
$2.09B
| $15.2M | ﹤0.01% |
422,600
+25,000
| +6% | +$1.1M |
|
2024
Schwab Fundamental International Large Company Index ETF
FNDF
$25.9B
| $15.2M | ﹤0.01% |
419,417
-337,748
| -45% | -$11.9M |
|
2025
PUT
F5
FFIV
$23.1B
| $15.2M | ﹤0.01% |
56,900
+32,400
| +132% | +$9.06M |
|
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.