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 | |
|---|---|---|---|---|---|---|
301
CALL
NextEra Energy
NEE
$177B
| $297M | 0.05% |
4,184,000
+353,900
| +9% | +$25M |
|
302
CALL
Royal Caribbean
RCL
$82.3B
| $296M | 0.05% |
1,440,500
+160,900
| +13% | +$38M |
|
303
PUT
MongoDB
MDB
$33.7B
| $296M | 0.05% |
1,684,800
-555,500
| -25% | -$135M |
|
304
PUT
Shopify
SHOP
$200B
| $294M | 0.05% |
3,079,500
-221,900
| -7% | -$24.2M |
|
305
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
| $294M | 0.05% |
2,011,400
-718,000
| -26% | -$104M |
|
306
CALL
Eaton
ETN
$173B
| $291M | 0.05% |
1,070,300
+685,800
| +178% | +$214M |
|
307
PUT
American Airlines Group
AAL
$10B
| $287M | 0.05% |
27,204,800
+3,552,900
| +15% | +$53.5M |
|
308
CALL
Abbott
ABT
$187B
| $287M | 0.05% |
2,161,200
+664,700
| +44% | +$84.6M |
|
309
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $287M | 0.05% |
2,637,000
+753,600
| +40% | +$81.2M |
|
310
CALL
Vanguard Information Technology ETF
VGT
$148B
| $285M | 0.05% |
4,197,600
-567,200
| -12% | -$42.7M |
|
311
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
| $284M | 0.05% |
7,200,600
-705,400
| -9% | -$27.6M |
|
312
CALL
FedEx
FDX
$77B
| $281M | 0.05% |
1,153,000
-626,200
| -35% | -$162M |
|
313
PUT
Freeport-McMoran
FCX
$98.5B
| $281M | 0.05% |
7,412,700
+2,524,300
| +52% | +$96.6M |
|
314
PUT
Coca-Cola
KO
$374B
| $276M | 0.05% |
3,859,800
+73,200
| +2% | +$4.89M |
|
315
CALL
S&P Global
SPGI
$121B
| $274M | 0.05% |
540,100
+99,700
| +23% | +$50.9M |
|
316
PUT
Sea Limited
SE
$70.2B
| $273M | 0.05% |
2,091,300
+753,300
| +56% | +$93.4M |
|
317
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.63B
| $271M | 0.05% |
2,057,200
-913,100
| -31% | -$122M |
|
318
Pfizer
PFE
$154B
| $270M | 0.05% |
10,639,214
+1,102,688
| +12% | +$28.9M |
|
319
PUT
Dollar General
DG
$27.2B
| $269M | 0.05% |
3,062,300
+742,500
| +32% | +$56.2M |
|
320
PUT
AutoZone
AZO
$50B
| $268M | 0.05% |
70,400
-60,700
| -46% | -$209M |
|
321
CALL
Lowe's Companies
LOW
$122B
| $268M | 0.05% |
1,150,600
+214,000
| +23% | +$52.7M |
|
322
PUT
General Motors
GM
$77.6B
| $267M | 0.05% |
5,685,600
+1,881,700
| +49% | +$92.7M |
|
323
Intel
INTC
$500B
| $266M | 0.05% |
11,713,540
+4,001,939
| +52% | +$87.6M |
|
324
PUT
Procter & Gamble
PG
$339B
| $261M | 0.04% |
1,533,100
-696,100
| -31% | -$117M |
|
325
CALL
RTX Corp
RTX
$302B
| $259M | 0.04% |
1,951,600
-883,300
| -31% | -$112M |
|
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.