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 | |
|---|---|---|---|---|---|---|
2476
CALL
Valaris
VAL
$5.95B
| $10.5M | ﹤0.01% |
266,700
+39,800
| +18% | +$1.71M |
|
2477
PUT
Otis Worldwide
OTIS
$27.6B
| $10.5M | ﹤0.01% |
101,400
+30,500
| +43% | +$2.98M |
|
2478
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $10.5M | ﹤0.01% |
310,900
-612,200
| -66% | -$21.7M |
|
2479
Direxion Daily Small Cap Bear 3x ETF
TZA
$196M
| $10.5M | ﹤0.01% |
61,408
-60,621
| -50% | -$8.39M |
|
|
YALA
2480
Yalla Group
YALA
$832M
| $10.4M | ﹤0.01% |
2,000,000
| – | – |
|
2481
Regions Financial
RF
$27.2B
| $10.4M | ﹤0.01% |
480,428
-139,092
| -22% | -$3.24M |
|
2482
PUT
Cracker Barrel
CBRL
$1.29B
| $10.4M | ﹤0.01% |
268,900
+17,800
| +7% | +$897K |
|
2483
Oscar Health
OSCR
$10.1B
| $10.4M | ﹤0.01% |
795,368
+535,458
| +206% | +$7.95M |
|
2484
Sunrun
RUN
$2.45B
| $10.4M | ﹤0.01% |
1,779,349
+1,547,657
| +668% | +$12.7M |
|
2485
CALL
Alpha Metallurgical Resources
AMR
$2.11B
| $10.4M | ﹤0.01% |
83,100
-87,200
| -51% | -$14.2M |
|
2486
ACM Research
ACMR
$5.6B
| $10.4M | ﹤0.01% |
444,755
+221,106
| +99% | +$5.05M |
|
|
CIVI
2487
CALL
DELISTED
Civitas Resources
CIVI
| $10.4M | ﹤0.01% |
297,400
+96,300
| +48% | +$4.26M |
|
2488
PUT
Invesco NASDAQ 100 ETF
QQQM
$104B
| $10.4M | ﹤0.01% |
53,700
-44,400
| -45% | -$9.29M |
|
2489
Halozyme
HALO
$11.2B
| $10.4M | ﹤0.01% |
162,245
+67,626
| +71% | +$3.93M |
|
2490
CALL
JB Hunt Transport Services
JBHT
$26.3B
| $10.3M | ﹤0.01% |
69,900
-34,900
| -33% | -$5.75M |
|
2491
CALL
Ingersoll Rand
IR
$32.3B
| $10.3M | ﹤0.01% |
129,200
-30,200
| -19% | -$2.63M |
|
2492
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $10.3M | ﹤0.01% |
89,428
+54,123
| +153% | +$6.29M |
|
|
OSG
2493
Octave Specialty Group
OSG
$221M
| $10.3M | ﹤0.01% |
1,180,557
+425,592
| +56% | +$4.48M |
|
2494
PUT
Madison Square Garden
MSGS
$9.8B
| $10.3M | ﹤0.01% |
53,000
+39,100
| +281% | +$8.08M |
|
2495
CALL
Comfort Systems
FIX
$62.4B
| $10.3M | ﹤0.01% |
32,000
-5,600
| -15% | -$2.26M |
|
2496
CALL
Nexstar Media Group
NXST
$5.84B
| $10.3M | ﹤0.01% |
57,400
+9,300
| +19% | +$1.5M |
|
2497
CALL
Robert Half
RHI
$4.42B
| $10.3M | ﹤0.01% |
188,500
+149,100
| +378% | +$9.09M |
|
2498
PUT
Kodak
KODK
$979M
| $10.3M | ﹤0.01% |
1,626,400
+257,200
| +19% | +$1.79M |
|
2499
CALL
W.R. Berkley
WRB
$26.2B
| $10.3M | ﹤0.01% |
144,400
+36,750
| +34% | +$2.25M |
|
|
VSXY
2500
PUT
Victoria's Secret
VSXY
$7.08B
| $10.3M | ﹤0.01% |
553,000
+336,500
| +155% | +$9.89M |
|
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.