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 | |
|---|---|---|---|---|---|---|
901
PUT
Truist Financial
TFC
$63.9B
| $62.8M | 0.01% |
1,526,700
+748,200
| +96% | +$33.3M |
|
902
CALL
Bilibili
BILI
$7.53B
| $62.7M | 0.01% |
3,279,700
-2,094,000
| -39% | -$40.2M |
|
903
CALL
Cummins
CMI
$87.1B
| $62.5M | 0.01% |
199,400
-11,700
| -6% | -$4.12M |
|
904
NextEra Energy
NEE
$179B
| $62.5M | 0.01% |
881,061
-56,602
| -6% | -$4M |
|
905
PUT
XPeng
XPEV
$11.4B
| $62.4M | 0.01% |
3,009,700
+904,100
| +43% | +$16.3M |
|
906
PUT
Simon Property Group
SPG
$71.2B
| $62.3M | 0.01% |
375,200
-201,500
| -35% | -$35.2M |
|
907
CALL
Arthur J. Gallagher & Co
AJG
$65B
| $62.3M | 0.01% |
180,400
-294,700
| -62% | -$93.1M |
|
908
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $62.2M | 0.01% |
812,017
+772,609
| +1,961% | +$58.3M |
|
909
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.47B
| $62.1M | 0.01% |
2,123,700
-385,100
| -15% | -$15M |
|
910
PUT
Cencora
COR
$63.7B
| $61.8M | 0.01% |
222,200
+43,600
| +24% | +$11M |
|
911
PUT
NIO
NIO
$11.6B
| $61.5M | 0.01% |
16,154,100
+3,046,300
| +23% | +$13.4M |
|
912
CALL
Darden Restaurants
DRI
$25B
| $61.5M | 0.01% |
295,900
-3,200
| -1% | -$618K |
|
913
CALL
Ameriprise Financial
AMP
$49.7B
| $61.4M | 0.01% |
126,900
-2,200
| -2% | -$1.15M |
|
914
PUT
Lyft
LYFT
$6.64B
| $61.4M | 0.01% |
5,173,300
+1,850,500
| +56% | +$24.1M |
|
915
PUT
Realty Income
O
$58.6B
| $61.2M | 0.01% |
1,055,300
-78,300
| -7% | -$4.33M |
|
916
PUT
Prologis
PLD
$133B
| $61.1M | 0.01% |
546,200
+16,800
| +3% | +$1.94M |
|
917
PUT
Texas Roadhouse
TXRH
$13.8B
| $60.9M | 0.01% |
365,700
+295,000
| +417% | +$52.2M |
|
918
CALL
Alaska Air
ALK
$5.4B
| $60.9M | 0.01% |
1,237,700
-282,900
| -19% | -$18.6M |
|
919
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$287M
| $60.9M | 0.01% |
519,940
+130,400
| +33% | +$13.5M |
|
920
CALL
Madrigal Pharmaceuticals
MDGL
$12.4B
| $60.6M | 0.01% |
183,000
-89,900
| -33% | -$29.5M |
|
921
PUT
Caesars Entertainment
CZR
$6.06B
| $60.6M | 0.01% |
2,424,600
+936,000
| +63% | +$30.4M |
|
922
CALL
eBay
EBAY
$47.2B
| $60.2M | 0.01% |
888,500
-331,800
| -27% | -$22.1M |
|
|
WBA
923
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $60M | 0.01% |
5,375,800
+574,300
| +12% | +$6.23M |
|
924
CALL
Global Payments
GPN
$22.7B
| $59.9M | 0.01% |
611,700
+233,100
| +62% | +$24.4M |
|
925
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.14B
| $59.9M | 0.01% |
1,360,800
-1,740,800
| -56% | -$72.9M |
|
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.