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 | |
|---|---|---|---|---|---|---|
501
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
| $145M | 0.02% |
527,500
+41,700
| +9% | +$12.1M |
|
502
CALL
State Street SPDR S&P Retail ETF
XRT
$652M
| $145M | 0.02% |
2,095,300
+1,305,800
| +165% | +$98.6M |
|
503
PUT
Moderna
MRNA
$23.9B
| $144M | 0.02% |
5,076,500
-596,100
| -11% | -$21.2M |
|
504
CALL
Progressive
PGR
$124B
| $144M | 0.02% |
508,300
+168,400
| +50% | +$44M |
|
505
PUT
Agnico Eagle Mines
AEM
$91.4B
| $144M | 0.02% |
1,326,000
+127,500
| +11% | +$12.2M |
|
506
CALL
SLB Ltd
SLB
$78.9B
| $143M | 0.02% |
3,429,600
+890,600
| +35% | +$36.5M |
|
507
PUT
Southwest Airlines
LUV
$22B
| $143M | 0.02% |
4,268,400
+693,600
| +19% | +$22M |
|
508
CALL
Cadence Design Systems
CDNS
$91.4B
| $143M | 0.02% |
563,200
+12,100
| +2% | +$3.36M |
|
509
PUT
ARK Innovation ETF
ARKK
$6.37B
| $143M | 0.02% |
3,001,400
-884,100
| -23% | -$50.7M |
|
510
PUT
Energy Transfer Partners
ET
$70.9B
| $143M | 0.02% |
7,681,300
+3,053,600
| +66% | +$59.5M |
|
|
FISV
511
CALL
Fiserv Inc
FISV
$27.8B
| $143M | 0.02% |
645,500
+84,400
| +15% | +$18.5M |
|
512
PUT
HCA Healthcare
HCA
$89.6B
| $142M | 0.02% |
411,200
+39,400
| +11% | +$12.7M |
|
513
Pinduoduo
PDD
$132B
| $142M | 0.02% |
1,196,212
+1,058,825
| +771% | +$122M |
|
514
CALL
Automatic Data Processing
ADP
$109B
| $141M | 0.02% |
460,400
-146,200
| -24% | -$44.1M |
|
515
PUT
Futu Holdings
FUTU
$15.2B
| $141M | 0.02% |
1,374,300
+207,300
| +18% | +$21.2M |
|
516
CALL
Devon Energy
DVN
$49.9B
| $141M | 0.02% |
3,758,500
-859,400
| -19% | -$30.5M |
|
|
517
PUT
Progressive
PGR
$124B
| $140M | 0.02% |
496,300
-267,400
| -35% | -$69.9M |
|
518
CALL
Union Pacific
UNP
$174B
| $140M | 0.02% |
591,700
+700
| +0.1% | +$169K |
|
519
CALL
Estee Lauder
EL
$31.5B
| $139M | 0.02% |
2,105,000
-89,800
| -4% | -$6.5M |
|
520
Marvell Technology
MRVL
$187B
| $139M | 0.02% |
2,253,689
+1,439,765
| +177% | +$140M |
|
521
PUT
Novartis
NVS
$298B
| $139M | 0.02% |
1,244,500
+300,300
| +32% | +$32M |
|
|
522
PUT
SLB Ltd
SLB
$78.9B
| $138M | 0.02% |
3,302,600
+450,300
| +16% | +$18.5M |
|
|
523
CALL
Futu Holdings
FUTU
$15.2B
| $138M | 0.02% |
1,344,800
-66,500
| -5% | -$6.81M |
|
524
PUT
Arista Networks
ANET
$242B
| $137M | 0.02% |
1,774,600
-810,000
| -31% | -$82.1M |
|
525
PUT
Eaton
ETN
$173B
| $137M | 0.02% |
503,800
-178,900
| -26% | -$55.7M |
|
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.