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 |
Invesco QQQ Trust
QQQ
|
+$1.41B |
| 2 |
Apple
AAPL
|
+$949M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$788M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Broadcom
AVGO
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.26B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$702M |
| 3 |
Tesla
TSLA
|
+$694M |
| 4 |
Micron Technology
MU
|
+$601M |
| 5 |
Strategy Inc
MSTR
|
+$512M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.97% |
| 2 | Financials | 0.89% |
| 3 | Consumer Discretionary | 0.83% |
| 4 | Healthcare | 0.75% |
| 5 | Communication Services | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
PUT
FMC
FMC
$1.27B
| $16.8M | ﹤0.01% |
344,700
+100,800
| +41% | +$5.88M |
|
2027
PUT
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $16.8M | ﹤0.01% |
145,000
+115,700
| +395% | +$13.5M |
|
2028
CALL
Illinois Tool Works
ITW
$82.8B
| $16.7M | ﹤0.01% |
66,000
-85,200
| -56% | -$22.6M |
|
2029
CALL
Cullen/Frost Bankers
CFR
$10.6B
| $16.7M | ﹤0.01% |
124,500
+72,500
| +139% | +$9.52M |
|
2030
PUT
Procore
PCOR
$9.09B
| $16.7M | ﹤0.01% |
223,000
+113,100
| +103% | +$8.02M |
|
2031
Transocean
RIG
$6.43B
| $16.7M | ﹤0.01% |
4,454,144
-2,107,168
| -32% | -$8.75M |
|
2032
PUT
Baker Hughes
BKR
$64.3B
| $16.7M | ﹤0.01% |
407,100
-44,500
| -10% | -$1.79M |
|
2033
PUT
New Fortress Energy
NFE
$92.6M
| $16.7M | ﹤0.01% |
1,103,600
+716,800
| +185% | +$7.43M |
|
2034
CALL
CoStar Group
CSGP
$13.1B
| $16.7M | ﹤0.01% |
232,800
-73,100
| -24% | -$5.52M |
|
2035
CALL
iShares MSCI India ETF
INDA
$6.56B
| $16.6M | ﹤0.01% |
316,200
-669,500
| -68% | -$36.9M |
|
2036
Corteva
CTVA
$51.2B
| $16.6M | ﹤0.01% |
291,991
+161,371
| +124% | +$9.54M |
|
2037
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $16.6M | ﹤0.01% |
245,250
+12,550
| +5% | +$896K |
|
2038
General Mills
GIS
$20.9B
| $16.6M | ﹤0.01% |
260,207
+43,827
| +20% | +$2.94M |
|
2039
PUT
Franco-Nevada
FNV
$45.2B
| $16.6M | ﹤0.01% |
141,100
-152,000
| -52% | -$18.8M |
|
|
FNGA
2040
DELISTED
MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038
FNGA
| $16.6M | ﹤0.01% |
28,430
+18,424
| +184% | +$9.45M |
|
2041
ARK Web x.0 ETF
ARKW
$1.8B
| $16.6M | ﹤0.01% |
153,612
+111,293
| +263% | +$11.2M |
|
2042
PUT
Sanofi
SNY
$105B
| $16.6M | ﹤0.01% |
343,800
-92,200
| -21% | -$4.69M |
|
2043
CALL
PBF Energy
PBF
$8.52B
| $16.6M | ﹤0.01% |
623,500
+209,200
| +50% | +$6.37M |
|
2044
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $16.5M | ﹤0.01% |
375,600
-173,500
| -32% | -$8.06M |
|
2045
PUT
Repligen
RGEN
$9.42B
| $16.5M | ﹤0.01% |
114,900
+53,400
| +87% | +$7.66M |
|
2046
PUT
Tradr 1.25X NVDA Bear Daily ETF
NVDS
$12.6M
| $16.5M | ﹤0.01% |
216,800
+204,367
| +1,644% | +$17.3M |
|
2047
CALL
Entergy
ETR
$50.3B
| $16.5M | ﹤0.01% |
218,000
+400
| +0.2% | +$28.9K |
|
2048
CALL
Barclays
BCS
$94.7B
| $16.5M | ﹤0.01% |
1,241,700
-157,000
| -11% | -$2.03M |
|
2049
PUT
KeyCorp
KEY
$25B
| $16.5M | ﹤0.01% |
962,100
-1,105,800
| -53% | -$19.8M |
|
2050
CALL
Trimble
TRMB
$13.4B
| $16.5M | ﹤0.01% |
233,300
+114,800
| +97% | +$7.81M |
|
Similar funds
Susquehanna International Group's Q4 2024 Portfolio in Review
As of Q4 2024, Susquehanna International Group held 13,659 positions worth $663B, up 16% from $572B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Susquehanna International Group deployed $61.2B of net new capital in Q4 2024, opening 1,863 new positions and adding to 5,386 existing holdings. Its largest new stake was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares 20+ Year Treasury Bond ETF, an estimated $1.26B trimmed.
- Susquehanna International Group's largest Q4 2024 buy was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
- Susquehanna International Group added most to Invesco QQQ Trust in Q4 2024, an estimated $1.41B increase.
- Susquehanna International Group's biggest Q4 2024 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $1.26B.
- Susquehanna International Group fully exited NextEra Energy 7.299% Corporate Units in Q4 2024, selling an estimated $112M.
- Susquehanna International Group's ten largest holdings make up 28% of its $663B portfolio in Q4 2024.
- Susquehanna International Group opened 1,863 new positions and closed 1,590 in Q4 2024.
- Susquehanna International Group's portfolio value rose 16% quarter-over-quarter to $663B.
Based on Susquehanna International Group's 13F filing for Q4 2024, filed 14 Feb 2025.