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 | |
|---|---|---|---|---|---|---|
726
CALL
Astera Labs
ALAB
$53.9B
| $84.9M | 0.01% |
1,422,000
+111,500
| +9% | +$10.3M |
|
727
Shopify
SHOP
$197B
| $84.8M | 0.01% |
887,836
+514,168
| +138% | +$56M |
|
728
American Airlines Group
AAL
$10.2B
| $84.8M | 0.01% |
8,034,225
+3,695,129
| +85% | +$55.6M |
|
729
CALL
Southwest Airlines
LUV
$22.3B
| $84.7M | 0.01% |
2,522,600
+307,700
| +14% | +$9.74M |
|
730
PUT
Wayfair
W
$14.2B
| $84.5M | 0.01% |
2,638,800
+637,800
| +32% | +$26.5M |
|
731
CALL
Truist Financial
TFC
$63.5B
| $84.5M | 0.01% |
2,053,000
-523,800
| -20% | -$23.3M |
|
732
PUT
Fair Isaac
FICO
$22.1B
| $84.5M | 0.01% |
45,800
-17,200
| -27% | -$31.9M |
|
733
CALL
MetLife
MET
$61.5B
| $84.4M | 0.01% |
1,051,100
-305,000
| -22% | -$25.4M |
|
734
ARK Innovation ETF
ARKK
$6.38B
| $84.2M | 0.01% |
1,768,706
-93,467
| -5% | -$5.36M |
|
735
CALL
TKO Group
TKO
$14B
| $84.1M | 0.01% |
550,300
-798,300
| -59% | -$122M |
|
736
PUT
Parker-Hannifin
PH
$134B
| $84.1M | 0.01% |
138,300
+90,900
| +192% | +$59.4M |
|
737
PUT
SAP
SAP
$241B
| $83.8M | 0.01% |
312,300
+196,700
| +170% | +$53.6M |
|
738
Morgan Stanley
MS
$338B
| $83.8M | 0.01% |
718,421
-60,640
| -8% | -$7.81M |
|
|
PARA
739
PUT
DELISTED
Paramount Global Class B
PARA
| $83.8M | 0.01% |
7,006,800
+66,700
| +1% | +$746K |
|
740
CALL
IonQ
IONQ
$17.4B
| $83.7M | 0.01% |
3,793,100
-80,700
| -2% | -$2.61M |
|
741
GE Vernova
GEV
$270B
| $83.5M | 0.01% |
273,635
-302,824
| -53% | -$106M |
|
742
PUT
Prudential Financial
PRU
$42.1B
| $83.5M | 0.01% |
747,400
-95,400
| -11% | -$10.9M |
|
|
743
CALL
Prudential Financial
PRU
$42.1B
| $83.3M | 0.01% |
746,300
-117,900
| -14% | -$13.4M |
|
744
PUT
ON Semiconductor
ON
$31.8B
| $83.3M | 0.01% |
2,048,300
-1,004,500
| -33% | -$50.6M |
|
745
CALL
Halliburton
HAL
$28.1B
| $82.7M | 0.01% |
3,259,300
+1,337,600
| +70% | +$35.2M |
|
746
CALL
Wheaton Precious Metals
WPM
$60.7B
| $82.4M | 0.01% |
1,062,000
-142,500
| -12% | -$9.51M |
|
747
PUT
Avis
CAR
$4.97B
| $82.3M | 0.01% |
1,084,800
+743,200
| +218% | +$59.7M |
|
748
Walmart Inc
WMT
$895B
| $82.3M | 0.01% |
937,283
-1,374,248
| -59% | -$129M |
|
749
Mastercard
MA
$496B
| $82.2M | 0.01% |
149,903
-207,142
| -58% | -$113M |
|
750
PUT
Digital Realty Trust
DLR
$70.6B
| $82.1M | 0.01% |
573,000
+298,900
| +109% | +$48.6M |
|
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.