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 | |
|---|---|---|---|---|---|---|
4951
PUT
DTE Energy
DTE
$29.3B
| $2.61M | ﹤0.01% |
18,900
+14,900
| +373% | +$1.9M |
|
|
SOBO
4952
CALL
South Bow Corp
SOBO
$7.67B
| $2.61M | ﹤0.01% |
102,400
+79,100
| +339% | +$1.98M |
|
4953
CALL
Encompass Health
EHC
$12.2B
| $2.61M | ﹤0.01% |
25,800
-2,000
| -7% | -$195K |
|
4954
State Street SPDR S&P Bank ETF
KBE
$1.76B
| $2.61M | ﹤0.01% |
+49,313
| New | +$2.76M |
|
4955
CALL
MoonLake Immunotherapeutics
MLTX
$1.4B
| $2.61M | ﹤0.01% |
66,800
+18,200
| +37% | +$784K |
|
4956
CALL
Fortive
FTV
$18.6B
| $2.61M | ﹤0.01% |
47,241
+6,237
| +15% | +$366K |
|
4957
REX FANG & Innovation Equity Premium Income ETF
FEPI
$692M
| $2.6M | ﹤0.01% |
62,527
+41,427
| +196% | +$1.95M |
|
4958
United States 12 Month Oil Fund,
USL
$45.7M
| $2.6M | ﹤0.01% |
68,092
-4,337
| -6% | -$165K |
|
4959
CALL
Assurant
AIZ
$13.9B
| $2.6M | ﹤0.01% |
12,400
+6,400
| +107% | +$1.34M |
|
|
HAPN
4960
Happen Inc
HAPN
$2.26B
| $2.6M | ﹤0.01% |
251,979
+85,171
| +51% | +$1.14M |
|
4961
AGF US Market Neutral Anti-Beta Fund
BTAL
$298M
| $2.6M | ﹤0.01% |
124,695
+86,745
| +229% | +$1.64M |
|
4962
CALL
Healthpeak Properties
DOC
$14.3B
| $2.6M | ﹤0.01% |
128,500
+65,500
| +104% | +$1.32M |
|
4963
PUT
Virgin Galactic
SPCE
$503M
| $2.6M | ﹤0.01% |
857,400
-1,899,100
| -69% | -$8.33M |
|
4964
TMC The Metals Company
TMC
$1.77B
| $2.6M | ﹤0.01% |
1,510,135
+652,576
| +76% | +$1.1M |
|
4965
CALL
Global Ship Lease
GSL
$1.52B
| $2.6M | ﹤0.01% |
113,600
-635,900
| -85% | -$14.2M |
|
4966
Innovator US Equity Power Buffer ETF November
PNOV
$899M
| $2.59M | ﹤0.01% |
69,715
+53,276
| +324% | +$2.03M |
|
4967
Energizer
ENR
$1.56B
| $2.59M | ﹤0.01% |
86,604
+55,214
| +176% | +$1.77M |
|
4968
CALL
Allegro MicroSystems
ALGM
$8.27B
| $2.59M | ﹤0.01% |
103,100
+6,600
| +7% | +$165K |
|
4969
PUT
Hecla Mining
HL
$12.3B
| $2.59M | ﹤0.01% |
465,900
+152,300
| +49% | +$845K |
|
4970
CALL
Xerox
XRX
$407M
| $2.58M | ﹤0.01% |
534,400
-129,100
| -19% | -$969K |
|
4971
ALPS Disruptive Technologies ETF
DTEC
$77.4M
| $2.58M | ﹤0.01% |
59,360
-13,311
| -18% | -$616K |
|
4972
Helix Energy Solutions
HLX
$1.54B
| $2.58M | ﹤0.01% |
310,269
+50,967
| +20% | +$429K |
|
4973
Banco Bilbao Vizcaya Argentaria
BBVA
$158B
| $2.58M | ﹤0.01% |
189,303
+54,838
| +41% | +$682K |
|
4974
CALL
Global X MLP & Energy Infrastructure ETF
MLPX
$3.62B
| $2.58M | ﹤0.01% |
40,400
-34,400
| -46% | -$2.17M |
|
4975
CALL
Freedom Holding
FRHC
$9.34B
| $2.58M | ﹤0.01% |
19,500
+4,600
| +31% | +$642K |
|
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.