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 | |
|---|---|---|---|---|---|---|
876
CALL
Emerson Electric
EMR
$91.7B
| $65M | 0.01% |
592,600
-166,600
| -22% | -$20.1M |
|
877
CALL
Albemarle
ALB
$15.3B
| $64.9M | 0.01% |
901,100
-563,100
| -38% | -$45.8M |
|
878
PUT
iShares MSCI Japan ETF
EWJ
$22.7B
| $64.8M | 0.01% |
944,900
-3,100
| -0.3% | -$213K |
|
|
K
879
CALL
DELISTED
Kellanova
K
| $64.7M | 0.01% |
784,900
+132,700
| +20% | +$10.9M |
|
880
PUT
Marathon Digital Holdings
MARA
$3.74B
| $64.7M | 0.01% |
5,629,600
-3,895,100
| -41% | -$62M |
|
881
PUT
Sherwin-Williams
SHW
$88.5B
| $64.7M | 0.01% |
185,400
+24,800
| +15% | +$8.7M |
|
882
PUT
General Mills
GIS
$20.2B
| $64.7M | 0.01% |
1,082,400
+224,600
| +26% | +$13.5M |
|
883
CALL
iShares Semiconductor ETF
SOXX
$45.2B
| $64.4M | 0.01% |
342,400
-427,100
| -56% | -$91.2M |
|
884
CALL
Cboe Global Markets
CBOE
$29.5B
| $64.3M | 0.01% |
284,300
-162,800
| -36% | -$33.8M |
|
885
CALL
The GEO Group
GEO
$4.18B
| $64.2M | 0.01% |
2,197,200
+80,100
| +4% | +$2.3M |
|
886
PUT
Microchip Technology
MCHP
$44B
| $64.1M | 0.01% |
1,324,000
-305,700
| -19% | -$17M |
|
887
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $64.1M | 0.01% |
1,187,323
+1,172,913
| +8,140% | +$63.1M |
|
888
PUT
Cleveland-Cliffs
CLF
$7.08B
| $64M | 0.01% |
7,784,300
+2,607,800
| +50% | +$26.5M |
|
889
PUT
C3.ai
AI
$1.65B
| $63.9M | 0.01% |
3,038,000
-93,500
| -3% | -$2.65M |
|
|
DFS
890
CALL
DELISTED
Discover Financial Services
DFS
| $63.9M | 0.01% |
374,400
-351,000
| -48% | -$64.2M |
|
891
PUT
On Holding
ONON
$10.3B
| $63.8M | 0.01% |
1,452,300
-1,988,600
| -58% | -$105M |
|
892
CALL
2x Bitcoin ETF
BITX
$866M
| $63.8M | 0.01% |
1,797,400
-1,911,000
| -52% | -$94M |
|
893
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.77B
| $63.7M | 0.01% |
332,540
+33,420
| +11% | +$5.28M |
|
894
CALL
Dick's Sporting Goods
DKS
$18.3B
| $63.6M | 0.01% |
315,300
-154,800
| -33% | -$34.6M |
|
895
Intuit
INTU
$92B
| $63.5M | 0.01% |
103,395
-106,449
| -51% | -$63.9M |
|
896
PUT
US Bancorp
USB
$100B
| $63.4M | 0.01% |
1,501,800
-696,900
| -32% | -$32.2M |
|
897
CALL
HubSpot
HUBS
$11B
| $63.4M | 0.01% |
110,900
-59,900
| -35% | -$42M |
|
898
PUT
TKO Group
TKO
$14.2B
| $63.1M | 0.01% |
413,100
-2,436,400
| -86% | -$372M |
|
899
PUT
SharkNinja
SN
$26.4B
| $63.1M | 0.01% |
756,100
+574,900
| +317% | +$58.5M |
|
900
Booking.com
BKNG
$160B
| $63M | 0.01% |
341,975
-333,275
| -49% | -$63.7M |
|
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.