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 | |
|---|---|---|---|---|---|---|
2276
PUT
Transocean
RIG
$6.43B
| $12.2M | ﹤0.01% |
3,848,300
+535,400
| +16% | +$1.88M |
|
2277
CALL
ProShares UltraShort QQQ
QID
$242M
| $12.2M | ﹤0.01% |
320,100
-48,000
| -13% | -$1.59M |
|
2278
Automatic Data Processing
ADP
$108B
| $12.2M | ﹤0.01% |
39,900
-111,975
| -74% | -$33.8M |
|
2279
CALL
Alliance Resource Partners
ARLP
$3.27B
| $12.2M | ﹤0.01% |
446,300
+6,100
| +1% | +$163K |
|
2280
CALL
Teladoc Health
TDOC
$1.24B
| $12.1M | ﹤0.01% |
1,524,700
+198,800
| +15% | +$2.01M |
|
2281
iShares Russell 2000 Value ETF
IWN
$14.7B
| $12.1M | ﹤0.01% |
80,325
-32,287
| -29% | -$5.22M |
|
2282
Celanese
CE
$5.01B
| $12.1M | ﹤0.01% |
213,502
-20,120
| -9% | -$1.26M |
|
2283
PUT
Leidos
LDOS
$18B
| $12.1M | ﹤0.01% |
89,800
-186,100
| -67% | -$26M |
|
2284
PUT
Peabody Energy
BTU
$3.11B
| $12.1M | ﹤0.01% |
894,200
-336,400
| -27% | -$5.41M |
|
2285
PUT
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $12.1M | ﹤0.01% |
289,400
-510,900
| -64% | -$21.3M |
|
2286
CALL
Oscar Health
OSCR
$10.1B
| $12.1M | ﹤0.01% |
923,400
+120,900
| +15% | +$1.79M |
|
2287
PUT
Scotiabank
BNS
$112B
| $12.1M | ﹤0.01% |
255,200
+69,700
| +38% | +$3.5M |
|
2288
CALL
ProShares UltraPro Short S&P 500
SPXU
$380M
| $12.1M | ﹤0.01% |
118,475
-68,600
| -37% | -$6.19M |
|
2289
ProShares UltraPro S&P 500
UPRO
$5.82B
| $12.1M | ﹤0.01% |
+163,603
| New | +$14.4M |
|
2290
Diamondback Energy
FANG
$56.7B
| $12.1M | ﹤0.01% |
75,530
-87,042
| -54% | -$14M |
|
2291
PUT
NexGen Energy
NXE
$6.97B
| $12.1M | ﹤0.01% |
2,688,100
+2,488,900
| +1,249% | +$14.7M |
|
2292
PUT
Lennox International
LII
$14.6B
| $12.1M | ﹤0.01% |
21,500
-13,900
| -39% | -$8.42M |
|
2293
Viking Holdings
VIK
$43.7B
| $12.1M | ﹤0.01% |
+303,167
| New | +$14M |
|
2294
Vaxcyte
PCVX
$8.64B
| $12M | ﹤0.01% |
318,338
+192,942
| +154% | +$15.4M |
|
2295
CALL
Coca-Cola Europacific Partners
CCEP
$47.6B
| $12M | ﹤0.01% |
138,000
-55,800
| -29% | -$4.55M |
|
|
GTM
2296
CALL
ZoomInfo Technologies
GTM
$1.18B
| $12M | ﹤0.01% |
1,201,000
+314,800
| +36% | +$3.3M |
|
2297
e.l.f. Beauty
ELF
$5.4B
| $12M | ﹤0.01% |
191,131
+161,084
| +536% | +$14M |
|
2298
CALL
Academy Sports + Outdoors
ASO
$2.98B
| $12M | ﹤0.01% |
263,100
-100
| -0% | -$5.14K |
|
2299
Pan American Silver
PAAS
$20B
| $12M | ﹤0.01% |
464,502
+442,687
| +2,029% | +$10.6M |
|
2300
PUT
Solventum
SOLV
$15.1B
| $12M | ﹤0.01% |
157,500
+85,800
| +120% | +$6.39M |
|
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.