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 | |
|---|---|---|---|---|---|---|
4801
PUT
Schwab US Large-Cap Growth ETF
SCHG
$62.9B
| $2.79M | ﹤0.01% |
111,400
+32,500
| +41% | +$890K |
|
4802
CALL
ProShares UltraShort Real Estate
SRS
$15.6M
| $2.79M | ﹤0.01% |
57,600
+3,300
| +6% | +$164K |
|
4803
CALL
Dycom Industries
DY
$12.6B
| $2.79M | ﹤0.01% |
18,300
-12,700
| -41% | -$2.19M |
|
4804
PUT
Global X Cybersecurity ETF
BUG
$1.51B
| $2.79M | ﹤0.01% |
86,200
+76,700
| +807% | +$2.59M |
|
4805
CALL
Meritage Homes
MTH
$4.76B
| $2.79M | ﹤0.01% |
39,300
+7,500
| +24% | +$564K |
|
4806
W.R. Berkley
WRB
$26.2B
| $2.78M | ﹤0.01% |
39,116
-90,578
| -70% | -$5.55M |
|
4807
CALL
Hyatt Hotels
H
$17.1B
| $2.78M | ﹤0.01% |
22,700
-29,300
| -56% | -$4.22M |
|
4808
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.3B
| $2.78M | ﹤0.01% |
34,814
+14,611
| +72% | +$1.2M |
|
4809
CALL
Grindr
GRND
$2.78B
| $2.78M | ﹤0.01% |
155,300
-63,100
| -29% | -$1.11M |
|
4810
PUT
Arch Capital
ACGL
$33.7B
| $2.78M | ﹤0.01% |
28,900
-77,900
| -73% | -$7.19M |
|
4811
Incyte
INCY
$24.4B
| $2.78M | ﹤0.01% |
45,894
-78,569
| -63% | -$5.48M |
|
4812
Werner Enterprises
WERN
$2.33B
| $2.78M | ﹤0.01% |
94,770
+67,219
| +244% | +$2.26M |
|
4813
Hasbro
HAS
$13.6B
| $2.78M | ﹤0.01% |
45,155
-22,022
| -33% | -$1.33M |
|
4814
Lemonade
LMND
$4.07B
| $2.77M | ﹤0.01% |
88,281
+51,622
| +141% | +$1.78M |
|
4815
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$439M
| $2.77M | ﹤0.01% |
23,989
+7,069
| +42% | +$824K |
|
4816
CALL
Patterson-UTI
PTEN
$4.34B
| $2.77M | ﹤0.01% |
337,400
+158,000
| +88% | +$1.33M |
|
4817
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.38B
| $2.77M | ﹤0.01% |
+23,827
| New | +$2.69M |
|
4818
PUT
Huntsman Corp
HUN
$1.81B
| $2.77M | ﹤0.01% |
175,600
-684,200
| -80% | -$11.6M |
|
4819
PUT
Iovance Biotherapeutics
IOVA
$3.16B
| $2.77M | ﹤0.01% |
832,300
-1,195,800
| -59% | -$6.17M |
|
4820
J&J Snack Foods
JJSF
$1.67B
| $2.77M | ﹤0.01% |
21,040
-13,182
| -39% | -$1.77M |
|
4821
Hilltop Holdings
HTH
$2.27B
| $2.77M | ﹤0.01% |
91,010
+56,407
| +163% | +$1.71M |
|
4822
CALL
Ameren
AEE
$30.4B
| $2.77M | ﹤0.01% |
27,600
-10,300
| -27% | -$992K |
|
4823
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.9B
| $2.77M | ﹤0.01% |
40,598
-113,023
| -74% | -$8.5M |
|
4824
CALL
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $2.77M | ﹤0.01% |
16,200
+3,200
| +25% | +$573K |
|
4825
CALL
Enovis
ENOV
$1.5B
| $2.77M | ﹤0.01% |
72,400
-22,800
| -24% | -$967K |
|
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.