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 | |
|---|---|---|---|---|---|---|
276
PUT
Royal Caribbean
RCL
$82.3B
| $330M | 0.06% |
1,603,900
-170,200
| -10% | -$40.2M |
|
277
CALL
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $327M | 0.06% |
3,170,400
-1,768,400
| -36% | -$200M |
|
278
CALL
United Airlines
UAL
$40.5B
| $323M | 0.06% |
4,682,900
-558,300
| -11% | -$52.7M |
|
279
PUT
Merck
MRK
$322B
| $323M | 0.06% |
3,593,800
+1,241,900
| +53% | +$116M |
|
280
CALL
Altria Group
MO
$111B
| $321M | 0.05% |
5,351,300
+1,650,700
| +45% | +$90.1M |
|
281
Broadcom
AVGO
$2.02T
| $321M | 0.05% |
1,914,746
-2,425,762
| -56% | -$513M |
|
282
PUT
United Parcel Service
UPS
$88.8B
| $320M | 0.05% |
2,906,400
+769,300
| +36% | +$92M |
|
|
283
PUT
iShares Bitcoin Trust
IBIT
$47.5B
| $319M | 0.05% |
6,816,100
-85,000
| -1% | -$4.5M |
|
284
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.75B
| $319M | 0.05% |
1,664,120
-60,120
| -3% | -$9.51M |
|
285
PUT
KraneShares CSI China Internet ETF
KWEB
$5.75B
| $318M | 0.05% |
9,097,700
+1,332,000
| +17% | +$44.1M |
|
286
CALL
ConocoPhillips
COP
$147B
| $314M | 0.05% |
2,992,300
-179,200
| -6% | -$17.9M |
|
287
PUT
Reddit
RDDT
$30.5B
| $314M | 0.05% |
2,990,700
+1,165,000
| +64% | +$193M |
|
288
CALL
General Motors
GM
$77.6B
| $314M | 0.05% |
6,668,400
+917,700
| +16% | +$45.2M |
|
289
CALL
Delta Air Lines
DAL
$58.9B
| $311M | 0.05% |
7,126,400
+341,200
| +5% | +$20.2M |
|
290
PUT
iShares Silver Trust
SLV
$31.7B
| $310M | 0.05% |
9,996,300
-256,600
| -3% | -$7.46M |
|
291
Salesforce
CRM
$162B
| $310M | 0.05% |
1,153,720
+418,263
| +57% | +$130M |
|
292
CALL
United States Oil Fund
USO
$1.78B
| $307M | 0.05% |
3,971,100
-871,400
| -18% | -$66.5M |
|
293
PUT
Bristol-Myers Squibb
BMY
$133B
| $305M | 0.05% |
4,993,100
+636,300
| +15% | +$37.1M |
|
294
PUT
CVS Health
CVS
$122B
| $303M | 0.05% |
4,476,400
-2,245,600
| -33% | -$134M |
|
295
CALL
Celsius Holdings
CELH
$6.8B
| $303M | 0.05% |
8,494,500
+2,859,700
| +51% | +$77.9M |
|
296
PUT
Occidental Petroleum
OXY
$58.7B
| $302M | 0.05% |
6,124,900
-631,800
| -9% | -$30.8M |
|
297
CALL
Deere & Co
DE
$164B
| $302M | 0.05% |
643,700
-156,500
| -20% | -$73.2M |
|
298
PUT
GE Aerospace
GE
$380B
| $300M | 0.05% |
1,498,700
-679,800
| -31% | -$134M |
|
|
299
PUT
United States Oil Fund
USO
$1.78B
| $299M | 0.05% |
3,870,600
-1,925,500
| -33% | -$147M |
|
300
CALL
Humana
HUM
$46.4B
| $298M | 0.05% |
1,124,800
-23,300
| -2% | -$6.3M |
|
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.