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 | |
|---|---|---|---|---|---|---|
2701
CALL
PTC Therapeutics
PTCT
$5.98B
| $8.81M | ﹤0.01% |
172,900
+41,700
| +32% | +$2.08M |
|
2702
PUT
GDS Holdings
GDS
$6.89B
| $8.8M | ﹤0.01% |
347,600
+190,800
| +122% | +$5.78M |
|
2703
Valero Energy
VLO
$98.4B
| $8.78M | ﹤0.01% |
66,514
-378,014
| -85% | -$50.2M |
|
2704
Hartford Financial Services
HIG
$37.8B
| $8.78M | ﹤0.01% |
70,973
-54,013
| -43% | -$6.19M |
|
2705
Golar LNG
GLNG
$5.34B
| $8.77M | ﹤0.01% |
230,953
-330,909
| -59% | -$13M |
|
|
WAY
2706
PUT
Waystar Holding Corp
WAY
$4.75B
| $8.77M | ﹤0.01% |
234,800
+64,700
| +38% | +$2.56M |
|
2707
Itaú Unibanco
ITUB
$81.6B
| $8.76M | ﹤0.01% |
1,641,408
+422,834
| +35% | +$2.13M |
|
2708
CSX Corp
CSX
$92.9B
| $8.76M | ﹤0.01% |
297,489
-716,067
| -71% | -$22.7M |
|
2709
PUT
Starwood Property Trust
STWD
$6.03B
| $8.75M | ﹤0.01% |
442,500
+210,500
| +91% | +$4.14M |
|
2710
PUT
Conagra Brands
CAG
$7.5B
| $8.75M | ﹤0.01% |
328,000
-90,300
| -22% | -$2.33M |
|
|
WAY
2711
Waystar Holding Corp
WAY
$4.75B
| $8.75M | ﹤0.01% |
234,136
+157,073
| +204% | +$6.22M |
|
2712
CALL
Rogers Communications
RCI
$19.7B
| $8.74M | ﹤0.01% |
+326,900
| New | +$9.23M |
|
2713
PUT
Molson Coors Class B
TAP
$7.97B
| $8.72M | ﹤0.01% |
143,300
+92,400
| +182% | +$5.32M |
|
2714
CALL
IES Holdings
IESC
$15.1B
| $8.72M | ﹤0.01% |
52,800
-5,000
| -9% | -$1.04M |
|
2715
CALL
HCI Group
HCI
$2.29B
| $8.72M | ﹤0.01% |
58,400
+54,300
| +1,324% | +$6.89M |
|
|
VPU
2716
CALL
Vanguard Utilities ETF
VPU
$8.57B
| $8.71M | ﹤0.01% |
51,000
-25,300
| -33% | -$4.27M |
|
2717
Home BancShares
HOMB
$6.28B
| $8.71M | ﹤0.01% |
308,137
+205,107
| +199% | +$6M |
|
2718
CALL
WEC Energy
WEC
$36B
| $8.71M | ﹤0.01% |
79,900
+8,600
| +12% | +$878K |
|
2719
CALL
Silicon Motion
SIMO
$9.12B
| $8.7M | ﹤0.01% |
172,100
+27,200
| +19% | +$1.47M |
|
|
PR
2720
PUT
Permian Resources
PR
$18B
| $8.7M | ﹤0.01% |
627,800
+285,400
| +83% | +$4.09M |
|
|
GTLS
2721
DELISTED
Chart Industries
GTLS
| $8.69M | ﹤0.01% |
60,173
+41,921
| +230% | +$7.72M |
|
2722
Teradata
TDC
$2.57B
| $8.68M | ﹤0.01% |
386,297
+316,735
| +455% | +$8.57M |
|
2723
Hancock Whitney
HWC
$6.4B
| $8.68M | ﹤0.01% |
165,532
+116,821
| +240% | +$6.57M |
|
2724
CALL
Blackstone Mortgage Trust
BXMT
$2.44B
| $8.67M | ﹤0.01% |
433,600
-38,700
| -8% | -$748K |
|
2725
Illinois Tool Works
ITW
$82.8B
| $8.65M | ﹤0.01% |
34,884
-81,247
| -70% | -$20.9M |
|
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.