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 | |
|---|---|---|---|---|---|---|
|
776
Berkshire Hathaway Class B
BRK.B
$1.11T
| $77.2M | 0.01% |
144,973
-1,171,853
| -89% | -$570M |
|
777
CALL
Biogen
BIIB
$30.3B
| $77.1M | 0.01% |
563,300
+144,100
| +34% | +$20.6M |
|
778
Dell
DELL
$286B
| $77.1M | 0.01% |
845,462
-365,493
| -30% | -$38.7M |
|
|
DOCU
779
PUT
DocuSign
DOCU
$11.4B
| $76.9M | 0.01% |
944,400
-726,100
| -43% | -$63.6M |
|
780
Cheniere Energy
LNG
$55.2B
| $76.8M | 0.01% |
331,903
+161,489
| +95% | +$36.4M |
|
781
CALL
Best Buy
BBY
$17.6B
| $76.5M | 0.01% |
1,039,200
-86,400
| -8% | -$7.12M |
|
782
Enphase Energy
ENPH
$5.55B
| $76.4M | 0.01% |
1,232,065
+538,746
| +78% | +$34.1M |
|
783
PUT
Automatic Data Processing
ADP
$108B
| $76.4M | 0.01% |
250,000
-72,200
| -22% | -$21.8M |
|
|
PARA
784
DELISTED
Paramount Global Class B
PARA
| $76.3M | 0.01% |
6,376,330
-1,743,696
| -21% | -$19.5M |
|
785
CALL
Avis
CAR
$4.96B
| $76.1M | 0.01% |
1,002,500
+570,500
| +132% | +$45.8M |
|
786
PUT
Burlington
BURL
$23.1B
| $76M | 0.01% |
319,000
+89,800
| +39% | +$23.3M |
|
787
PUT
AstraZeneca
AZN
$247B
| $75.9M | 0.01% |
516,250
-416,300
| -45% | -$60.2M |
|
788
CALL
Etsy
ETSY
$7.31B
| $75.8M | 0.01% |
1,605,600
-1,420,200
| -47% | -$72.7M |
|
789
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $75.7M | 0.01% |
785,300
+103,000
| +15% | +$10.3M |
|
790
PUT
Marathon Petroleum
MPC
$93.4B
| $75.6M | 0.01% |
518,700
-48,500
| -9% | -$7.18M |
|
791
PUT
Align Technology
ALGN
$12.3B
| $75.6M | 0.01% |
475,600
+31,700
| +7% | +$6.22M |
|
792
CALL
Zillow
Z
$7.79B
| $75.4M | 0.01% |
1,099,100
-243,000
| -18% | -$18.6M |
|
793
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.3B
| $75.3M | 0.01% |
179,344
+142,156
| +382% | +$61.5M |
|
794
CALL
Shell
SHEL
$250B
| $75.1M | 0.01% |
1,024,400
+28,000
| +3% | +$1.89M |
|
795
CALL
McKesson
MCK
$104B
| $75M | 0.01% |
111,500
-137,800
| -55% | -$85.2M |
|
796
PUT
Dick's Sporting Goods
DKS
$18.3B
| $74.9M | 0.01% |
371,800
-700,500
| -65% | -$156M |
|
797
CALL
C.H. Robinson
CHRW
$17B
| $74.9M | 0.01% |
731,600
-234,000
| -24% | -$23.7M |
|
798
PUT
Equinix
EQIX
$103B
| $74.8M | 0.01% |
91,700
+62,500
| +214% | +$56.2M |
|
799
CALL
Paychex
PAYX
$43.2B
| $74.4M | 0.01% |
482,100
+135,900
| +39% | +$20M |
|
800
CALL
Lyft
LYFT
$6.65B
| $74.3M | 0.01% |
6,262,900
+1,688,500
| +37% | +$22M |
|
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.