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 | |
|---|---|---|---|---|---|---|
351
CALL
Trade Desk
TTD
$6.29B
| $229M | 0.04% |
4,192,800
+2,361,700
| +129% | +$214M |
|
|
AXON
352
PUT
Axon Enterprise
AXON
$48.4B
| $229M | 0.04% |
435,500
+165,400
| +61% | +$96.8M |
|
353
CALL
Analog Devices
ADI
$187B
| $229M | 0.04% |
1,133,700
-32,800
| -3% | -$7.09M |
|
354
CALL
Roblox
RBLX
$26.5B
| $228M | 0.04% |
3,919,800
-606,000
| -13% | -$38.1M |
|
355
PUT
Texas Instruments
TXN
$256B
| $228M | 0.04% |
1,270,200
-509,900
| -29% | -$95.5M |
|
|
B
356
CALL
Barrick Mining
B
$68.5B
| $227M | 0.04% |
11,685,800
-3,758,800
| -24% | -$65.8M |
|
357
PUT
Dollar Tree
DLTR
$24.9B
| $227M | 0.04% |
3,023,200
+777,500
| +35% | +$55.6M |
|
358
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $227M | 0.04% |
1,552,300
-988,700
| -39% | -$144M |
|
359
PUT
Estee Lauder
EL
$31.5B
| $226M | 0.04% |
3,418,600
+1,436,600
| +72% | +$104M |
|
360
PUT
Airbnb
ABNB
$111B
| $225M | 0.04% |
1,886,300
+146,000
| +8% | +$19.6M |
|
361
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.71B
| $221M | 0.04% |
5,142,200
-688,600
| -12% | -$30.1M |
|
362
CALL
ARK Innovation ETF
ARKK
$6.37B
| $220M | 0.04% |
4,630,600
+74,100
| +2% | +$4.25M |
|
363
PUT
Delta Air Lines
DAL
$58.7B
| $219M | 0.04% |
5,016,600
+1,583,100
| +46% | +$93.9M |
|
364
Boeing
BA
$184B
| $218M | 0.04% |
1,280,081
+403,023
| +46% | +$69.8M |
|
365
PUT
Lowe's Companies
LOW
$123B
| $218M | 0.04% |
933,200
-560,100
| -38% | -$138M |
|
366
PUT
Ford
F
$55.8B
| $218M | 0.04% |
21,689,500
-973,500
| -4% | -$9.51M |
|
367
CALL
Affirm
AFRM
$25.3B
| $217M | 0.04% |
4,809,500
-1,075,000
| -18% | -$63.7M |
|
368
CALL
Flutter Entertainment
FLUT
$16.4B
| $217M | 0.04% |
980,100
+540,800
| +123% | +$140M |
|
369
ASML
ASML
$666B
| $217M | 0.04% |
327,451
+155,293
| +90% | +$113M |
|
370
PUT
ConocoPhillips
COP
$148B
| $217M | 0.04% |
2,062,600
-527,500
| -20% | -$52.6M |
|
371
iShares China Large-Cap ETF
FXI
$4.35B
| $215M | 0.04% |
6,009,631
-6,973,025
| -54% | -$236M |
|
372
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$425M
| $215M | 0.04% |
1,251,350
-739,300
| -37% | -$111M |
|
|
SCHW
373
CALL
Charles Schwab
SCHW
$188B
| $214M | 0.04% |
2,727,500
-602,500
| -18% | -$47.3M |
|
374
PUT
Accenture
ACN
$109B
| $211M | 0.04% |
675,500
-18,300
| -3% | -$6.46M |
|
375
PUT
PepsiCo
PEP
$188B
| $211M | 0.04% |
1,405,700
-124,100
| -8% | -$18.5M |
|
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.