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 | |
|---|---|---|---|---|---|---|
2501
PUT
MPLX
MPLX
$60.3B
| $10.3M | ﹤0.01% |
191,800
-152,300
| -44% | -$7.98M |
|
2502
CALL
Lennox International
LII
$14.6B
| $10.3M | ﹤0.01% |
18,300
+6,000
| +49% | +$3.63M |
|
2503
CALL
Gen Digital
GEN
$17B
| $10.3M | ﹤0.01% |
386,600
+94,700
| +32% | +$2.59M |
|
2504
KraneShares Public-Private Emerging Markets Internet and Technology ETF
KEMQ
$26.2M
| $10.3M | ﹤0.01% |
551,266
-10,150
| -2% | -$188K |
|
2505
PUT
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $10.3M | ﹤0.01% |
333,600
+7,400
| +2% | +$233K |
|
2506
Magnolia Oil & Gas
MGY
$6.22B
| $10.2M | ﹤0.01% |
405,625
+255,113
| +169% | +$6.18M |
|
2507
PUT
Motorola Solutions
MSI
$77.2B
| $10.2M | ﹤0.01% |
23,400
-13,500
| -37% | -$6.02M |
|
2508
PUT
Banco Macro
BMA
$4.96B
| $10.2M | ﹤0.01% |
135,600
+13,600
| +11% | +$1.27M |
|
2509
PUT
Freshpet
FRPT
$3.5B
| $10.2M | ﹤0.01% |
123,100
-55,200
| -31% | -$6.75M |
|
2510
PUT
BBVA Argentina
BBAR
$3.13B
| $10.2M | ﹤0.01% |
564,600
+416,100
| +280% | +$8.47M |
|
2511
CALL
Magna International
MGA
$18.8B
| $10.2M | ﹤0.01% |
300,800
+26,400
| +10% | +$1.01M |
|
2512
PUT
Cinemark Holdings
CNK
$4.33B
| $10.2M | ﹤0.01% |
410,200
-55,200
| -12% | -$1.54M |
|
2513
CALL
Equity Residential
EQR
$24.7B
| $10.2M | ﹤0.01% |
142,600
+91,800
| +181% | +$6.48M |
|
2514
CALL
United Therapeutics
UTHR
$21.4B
| $10.2M | ﹤0.01% |
33,100
-16,800
| -34% | -$5.76M |
|
2515
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $10.2M | ﹤0.01% |
54,692
+40,377
| +282% | +$7.98M |
|
|
WCC
2516
PUT
WESCO International
WCC
$17.6B
| $10.2M | ﹤0.01% |
65,600
-15,300
| -19% | -$2.74M |
|
2517
CALL
FirstEnergy
FE
$27.4B
| $10.2M | ﹤0.01% |
252,000
-34,800
| -12% | -$1.39M |
|
2518
CALL
Asana
ASAN
$2.11B
| $10.2M | ﹤0.01% |
697,300
-134,200
| -16% | -$2.55M |
|
2519
PUT
Warrior Met Coal
HCC
$5.19B
| $10.2M | ﹤0.01% |
212,800
+131,500
| +162% | +$6.71M |
|
2520
Chemours
CC
$2.39B
| $10.1M | ﹤0.01% |
749,587
+403,266
| +116% | +$6.7M |
|
2521
CALL
Viper Energy
VNOM
$15.2B
| $10.1M | ﹤0.01% |
224,200
+104,600
| +87% | +$4.93M |
|
2522
CALL
Iris Energy
IREN
$15.7B
| $10.1M | ﹤0.01% |
1,659,700
-2,299,900
| -58% | -$22.4M |
|
2523
Western Digital
WDC
$175B
| $10.1M | ﹤0.01% |
249,906
-36,822
| -13% | -$1.75M |
|
2524
Lazard
LAZ
$4.35B
| $10.1M | ﹤0.01% |
232,699
+70,691
| +44% | +$3.52M |
|
2525
PUT
ARK Genomic Revolution ETF
ARKG
$1.74B
| $10.1M | ﹤0.01% |
485,000
+147,200
| +44% | +$3.7M |
|
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.