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 | |
|---|---|---|---|---|---|---|
2526
PUT
Unum
UNM
$14.8B
| $10.1M | ﹤0.01% |
123,600
+55,100
| +80% | +$4.25M |
|
2527
O'Reilly Automotive
ORLY
$73.7B
| $10.1M | ﹤0.01% |
105,375
-238,860
| -69% | -$20.8M |
|
2528
HealthEquity
HQY
$8.76B
| $10.1M | ﹤0.01% |
113,810
+77,010
| +209% | +$7.9M |
|
2529
CALL
Cytokinetics
CYTK
$10.3B
| $10.1M | ﹤0.01% |
250,100
-86,800
| -26% | -$3.99M |
|
2530
PUT
Planet Fitness
PLNT
$3.8B
| $10M | ﹤0.01% |
103,900
+33,200
| +47% | +$3.34M |
|
2531
American Electric Power
AEP
$68.4B
| $10M | ﹤0.01% |
91,791
-146,332
| -61% | -$14.8M |
|
2532
PUT
Global E Online
GLBE
$7.12B
| $10M | ﹤0.01% |
280,800
+77,100
| +38% | +$3.79M |
|
2533
CALL
Stride
LRN
$3.46B
| $10M | ﹤0.01% |
79,100
+47,100
| +147% | +$5.95M |
|
2534
Bath & Body Works
BBWI
$3.91B
| $10M | ﹤0.01% |
329,949
-126,922
| -28% | -$4.49M |
|
2535
Matador Resources
MTDR
$6.64B
| $10M | ﹤0.01% |
195,807
+123,901
| +172% | +$6.85M |
|
2536
SiriusXM
SIRI
$9.59B
| $9.99M | ﹤0.01% |
443,322
-774,014
| -64% | -$18.2M |
|
2537
Vanguard Real Estate ETF
VNQ
$39.2B
| $9.99M | ﹤0.01% |
110,300
-508,575
| -82% | -$46.2M |
|
2538
CALL
TripAdvisor
TRIP
$1.26B
| $9.98M | ﹤0.01% |
704,500
+365,900
| +108% | +$5.73M |
|
2539
CALL
Liberty Media Series C
FWONK
$26B
| $9.96M | ﹤0.01% |
110,700
-29,400
| -21% | -$2.72M |
|
2540
Darden Restaurants
DRI
$25.6B
| $9.96M | ﹤0.01% |
47,953
-179,864
| -79% | -$34.7M |
|
2541
Janux Therapeutics
JANX
$986M
| $9.96M | ﹤0.01% |
368,935
+339,464
| +1,152% | +$12.8M |
|
2542
CALL
iShares US Technology ETF
IYW
$25.6B
| $9.96M | ﹤0.01% |
70,900
+24,300
| +52% | +$3.79M |
|
2543
KeyCorp
KEY
$25B
| $9.95M | ﹤0.01% |
622,016
+159,387
| +34% | +$2.7M |
|
2544
EPAM Systems
EPAM
$5.18B
| $9.94M | ﹤0.01% |
58,853
+14,654
| +33% | +$3.23M |
|
2545
PUT
Sunoco
SUN
$14.2B
| $9.93M | ﹤0.01% |
171,000
-189,200
| -53% | -$10.7M |
|
2546
PUT
Inspire Medical Systems
INSP
$1.65B
| $9.92M | ﹤0.01% |
62,300
-34,100
| -35% | -$6.17M |
|
2547
CRISPR Therapeutics
CRSP
$5.18B
| $9.9M | ﹤0.01% |
291,016
-97,299
| -25% | -$4.12M |
|
2548
PUT
Canadian National Railway
CNI
$76.7B
| $9.9M | ﹤0.01% |
101,600
+62,100
| +157% | +$6.28M |
|
2549
Granite Construction
GVA
$5.56B
| $9.89M | ﹤0.01% |
131,123
+85,583
| +188% | +$7.15M |
|
2550
Aurora
AUR
$13.7B
| $9.89M | ﹤0.01% |
1,470,102
+1,016,425
| +224% | +$7.27M |
|
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.