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 | |
|---|---|---|---|---|---|---|
426
PUT
Enphase Energy
ENPH
$5.41B
| $176M | 0.03% |
2,843,900
-391,200
| -12% | -$24.8M |
|
427
PUT
KKR & Co
KKR
$93.2B
| $176M | 0.03% |
1,525,800
+550,200
| +56% | +$75.7M |
|
428
PUT
SoFi Technologies
SOFI
$23.4B
| $176M | 0.03% |
15,107,700
-4,434,900
| -23% | -$63.9M |
|
429
CALL
General Dynamics
GD
$107B
| $176M | 0.03% |
644,400
-61,000
| -9% | -$15.9M |
|
430
CALL
AutoZone
AZO
$50.1B
| $175M | 0.03% |
46,000
-61,800
| -57% | -$213M |
|
431
Cigna
CI
$73.6B
| $175M | 0.03% |
532,554
+41,100
| +8% | +$12.4M |
|
432
Wynn Resorts
WYNN
$10.6B
| $174M | 0.03% |
2,088,156
+1,581,065
| +312% | +$135M |
|
433
PUT
Constellation Brands
STZ
$22.8B
| $173M | 0.03% |
942,600
+300,400
| +47% | +$54.6M |
|
434
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $173M | 0.03% |
1,812,993
+1,666,639
| +1,139% | +$156M |
|
|
435
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $172M | 0.03% |
1,806,200
+547,500
| +43% | +$51.2M |
|
436
PUT
Charter Communications
CHTR
$18.3B
| $170M | 0.03% |
461,700
+102,500
| +29% | +$36.7M |
|
437
CALL
On Holding
ONON
$12.9B
| $170M | 0.03% |
3,871,600
-2,141,700
| -36% | -$113M |
|
|
SCHW
438
PUT
Charles Schwab
SCHW
$187B
| $170M | 0.03% |
2,167,300
-358,700
| -14% | -$28.2M |
|
439
PUT
Datadog
DDOG
$93.6B
| $170M | 0.03% |
1,709,600
-726,800
| -30% | -$91.7M |
|
440
CALL
Duke Energy
DUK
$94.5B
| $169M | 0.03% |
1,386,700
+572,900
| +70% | +$65.3M |
|
441
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$22.2B
| $169M | 0.03% |
10,598,900
+4,387,500
| +71% | +$111M |
|
442
PUT
Lennar Class A
LEN
$20.6B
| $169M | 0.03% |
1,472,600
+563,353
| +62% | +$70.4M |
|
443
PUT
KLA
KLAC
$252B
| $168M | 0.03% |
2,476,000
-1,315,000
| -35% | -$94.7M |
|
444
PUT
Abercrombie & Fitch
ANF
$5.27B
| $168M | 0.03% |
2,200,400
+819,400
| +59% | +$88.2M |
|
445
PayPal
PYPL
$50.5B
| $168M | 0.03% |
2,571,790
+1,721,928
| +203% | +$134M |
|
446
First Trust Utilities AlphaDEX Fund
FXU
$815M
| $168M | 0.03% |
4,090,427
+4,072,925
| +23,271% | +$161M |
|
447
Walt Disney
DIS
$178B
| $168M | 0.03% |
1,697,469
+532,596
| +46% | +$57.2M |
|
448
CALL
Direxion Daily Financial Bull 3x ETF
FAS
$2.45B
| $167M | 0.03% |
1,058,700
+377,800
| +55% | +$62.3M |
|
449
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $167M | 0.03% |
313,300
+9,000
| +3% | +$5.11M |
|
450
Vistra
VST
$48B
| $166M | 0.03% |
1,409,397
+1,229,032
| +681% | +$184M |
|
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.