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 | |
|---|---|---|---|---|---|---|
601
PUT
Vanguard S&P 500 ETF
VOO
$1.03T
| $113M | 0.02% |
219,000
-100,600
| -31% | -$54.4M |
|
602
CALL
Marathon Petroleum
MPC
$90B
| $113M | 0.02% |
772,500
+119,900
| +18% | +$17.7M |
|
603
CALL
AstraZeneca
AZN
$251B
| $112M | 0.02% |
763,250
+213,850
| +39% | +$30.9M |
|
|
DFS
604
PUT
DELISTED
Discover Financial Services
DFS
| $112M | 0.02% |
657,000
+89,700
| +16% | +$16.4M |
|
605
Cameco
CCJ
$42.4B
| $112M | 0.02% |
2,722,762
+2,204,313
| +425% | +$104M |
|
|
EXE
606
CALL
Expand Energy Corp
EXE
$22.6B
| $112M | 0.02% |
1,002,300
-326,300
| -25% | -$33.9M |
|
607
Home Depot
HD
$350B
| $112M | 0.02% |
304,433
-284,775
| -48% | -$111M |
|
608
PUT
Fortinet
FTNT
$120B
| $112M | 0.02% |
1,158,800
-393,800
| -25% | -$39.9M |
|
609
PUT
Roku
ROKU
$22.5B
| $111M | 0.02% |
1,579,900
-851,400
| -35% | -$68.1M |
|
610
CALL
EOG Resources
EOG
$74.6B
| $111M | 0.02% |
867,700
-321,000
| -27% | -$41.3M |
|
611
CALL
Williams Companies
WMB
$87.9B
| $111M | 0.02% |
1,854,300
+471,100
| +34% | +$27M |
|
612
Mercado Libre
MELI
$92.5B
| $111M | 0.02% |
56,682
+11,870
| +26% | +$23.6M |
|
613
PUT
Vanguard Information Technology ETF
VGT
$147B
| $110M | 0.02% |
1,623,200
+239,200
| +17% | +$18M |
|
614
PUT
Celsius Holdings
CELH
$6.89B
| $110M | 0.02% |
3,087,300
-2,100,600
| -40% | -$57.2M |
|
615
CALL
Kraft Heinz
KHC
$29.6B
| $110M | 0.02% |
3,613,800
+1,291,600
| +56% | +$38.7M |
|
616
CALL
Waste Management
WM
$90.6B
| $109M | 0.02% |
469,900
+71,600
| +18% | +$15.9M |
|
617
CALL
Medtronic
MDT
$114B
| $109M | 0.02% |
1,208,000
+9,100
| +0.8% | +$814K |
|
618
CALL
Atlassian
TEAM
$38.5B
| $108M | 0.02% |
508,000
-422,700
| -45% | -$112M |
|
619
Goldman Sachs
GS
$301B
| $108M | 0.02% |
197,164
-92,480
| -32% | -$55.6M |
|
620
Estee Lauder
EL
$31.5B
| $108M | 0.02% |
1,630,545
+897,445
| +122% | +$64.9M |
|
621
CALL
BridgeBio Pharma
BBIO
$16.6B
| $107M | 0.02% |
3,105,500
-400,100
| -11% | -$13.5M |
|
622
PUT
Marriott International
MAR
$90.9B
| $107M | 0.02% |
449,600
+166,300
| +59% | +$45.2M |
|
623
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$22.2B
| $107M | 0.02% |
6,703,200
-1,454,700
| -18% | -$36.8M |
|
624
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $106M | 0.02% |
897,800
+597,300
| +199% | +$69.6M |
|
625
Arm
ARM
$286B
| $106M | 0.02% |
992,145
+554,300
| +127% | +$77.3M |
|
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.