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 | |
|---|---|---|---|---|---|---|
2026
PUT
Guidewire Software
GWRE
$14.6B
| $15.1M | ﹤0.01% |
80,800
+19,700
| +32% | +$3.83M |
|
2027
CALL
State Street SPDR S&P Bank ETF
KBE
$1.75B
| $15.1M | ﹤0.01% |
285,700
+141,000
| +97% | +$7.9M |
|
2028
CALL
Sunoco
SUN
$14.1B
| $15.1M | ﹤0.01% |
260,600
+214,700
| +468% | +$12.2M |
|
2029
CALL
Klaviyo
KVYO
$5.28B
| $15.1M | ﹤0.01% |
499,900
+145,900
| +41% | +$5.89M |
|
2030
PUT
M&T Bank
MTB
$36.7B
| $15.1M | ﹤0.01% |
84,600
-14,200
| -14% | -$2.69M |
|
2031
PUT
HF Sinclair
DINO
$16.5B
| $15.1M | ﹤0.01% |
459,800
+44,900
| +11% | +$1.57M |
|
2032
CALL
Zions Bancorporation
ZION
$10.5B
| $15.1M | ﹤0.01% |
303,100
-196,000
| -39% | -$10.6M |
|
2033
CALL
Sweetgreen
SG
$731M
| $15.1M | ﹤0.01% |
603,900
-74,900
| -11% | -$2.07M |
|
2034
CALL
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $15.1M | ﹤0.01% |
233,600
+45,200
| +24% | +$3.03M |
|
2035
CALL
Annaly Capital Management
NLY
$17.6B
| $15.1M | ﹤0.01% |
742,900
+416,900
| +128% | +$8.58M |
|
2036
PUT
Mid-America Apartment Communities
MAA
$15.5B
| $15M | ﹤0.01% |
89,800
+65,300
| +267% | +$10.3M |
|
|
CCC
2037
CCC Intelligent Solutions
CCC
$4.12B
| $15M | ﹤0.01% |
1,665,197
+473,639
| +40% | +$4.92M |
|
|
2038
CALL
Mid-America Apartment Communities
MAA
$15.5B
| $15M | ﹤0.01% |
89,700
+61,600
| +219% | +$9.75M |
|
2039
CALL
AngloGold Ashanti
AU
$48.6B
| $15M | ﹤0.01% |
404,500
-338,000
| -46% | -$10.4M |
|
2040
CALL
Martin Marietta Materials
MLM
$32.9B
| $15M | ﹤0.01% |
31,400
+5,000
| +19% | +$2.54M |
|
2041
CALL
HDFC Bank
HDB
$120B
| $15M | ﹤0.01% |
451,600
-409,000
| -48% | -$12.5M |
|
2042
Fidelity National Information Services
FIS
$22.2B
| $15M | ﹤0.01% |
200,801
-30,023
| -13% | -$2.26M |
|
2043
PUT
Aptiv
APTV
$10.3B
| $15M | ﹤0.01% |
252,000
-512,300
| -67% | -$32.5M |
|
2044
Popular Inc
BPOP
$11.3B
| $15M | ﹤0.01% |
162,321
+49,511
| +44% | +$4.82M |
|
2045
PUT
Shift4
FOUR
$3.61B
| $15M | ﹤0.01% |
183,400
+53,500
| +41% | +$5.51M |
|
2046
Centene
CNC
$33.3B
| $15M | ﹤0.01% |
246,787
-394,525
| -62% | -$23.8M |
|
2047
CALL
Woodward
WWD
$21.7B
| $15M | ﹤0.01% |
82,000
+11,400
| +16% | +$2.11M |
|
2048
Neurocrine Biosciences
NBIX
$15.5B
| $15M | ﹤0.01% |
135,295
+124,303
| +1,131% | +$15.7M |
|
2049
CALL
Lantheus
LNTH
$6.59B
| $14.9M | ﹤0.01% |
153,100
+22,800
| +17% | +$2.13M |
|
2050
CALL
BCE
BCE
$21.8B
| $14.9M | ﹤0.01% |
649,600
+71,900
| +12% | +$1.69M |
|
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.