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 | |
|---|---|---|---|---|---|---|
|
NBIS
976
PUT
Nebius Group N.V.
NBIS
$49.1B
| $54.4M | 0.01% |
2,579,000
+1,064,200
| +70% | +$35M |
|
977
CALL
Riot Platforms
RIOT
$7.6B
| $54.3M | 0.01% |
7,630,000
-1,599,000
| -17% | -$16.6M |
|
978
PUT
iShares US Real Estate ETF
IYR
$4.48B
| $54.3M | 0.01% |
567,200
-1,165,400
| -67% | -$111M |
|
979
American Express
AXP
$230B
| $54.3M | 0.01% |
201,749
-248,289
| -55% | -$73.4M |
|
980
iShares Core S&P 500 ETF
IVV
$902B
| $54.2M | 0.01% |
+96,495
| New | +$57M |
|
981
PUT
Halliburton
HAL
$28.2B
| $54.2M | 0.01% |
2,136,400
+188,900
| +10% | +$4.97M |
|
982
CALL
Celestica
CLS
$39.1B
| $54.1M | 0.01% |
686,900
-69,100
| -9% | -$7.33M |
|
983
CALL
Nu Holdings
NU
$65.9B
| $54M | 0.01% |
5,278,300
+26,000
| +0.5% | +$307K |
|
984
CALL
Suncor Energy
SU
$74B
| $53.8M | 0.01% |
1,390,400
+528,900
| +61% | +$20.2M |
|
985
CALL
Steel Dynamics
STLD
$37.8B
| $53.8M | 0.01% |
430,100
+164,400
| +62% | +$20.8M |
|
986
PUT
Astera Labs
ALAB
$54.1B
| $53.8M | 0.01% |
901,400
-156,100
| -15% | -$14.4M |
|
987
CALL
American International
AIG
$40.4B
| $53.7M | 0.01% |
618,200
-313,100
| -34% | -$24.3M |
|
988
PUT
Clorox
CLX
$13.1B
| $53.6M | 0.01% |
363,800
-65,200
| -15% | -$9.96M |
|
989
CALL
ZIM Integrated Shipping Services
ZIM
$2.96B
| $53.5M | 0.01% |
3,666,700
-673,300
| -16% | -$12.6M |
|
990
CALL
Ferrari
RACE
$72.1B
| $53.5M | 0.01% |
125,000
-29,700
| -19% | -$13.4M |
|
991
PUT
Aon
AON
$75.6B
| $53.4M | 0.01% |
133,700
-800
| -0.6% | -$307K |
|
992
PUT
Deckers Outdoor
DECK
$12.8B
| $53.3M | 0.01% |
476,800
+206,100
| +76% | +$33.3M |
|
993
Reddit
RDDT
$30.1B
| $53.2M | 0.01% |
+507,306
| New | +$83.8M |
|
994
CALL
United States Natural Gas Fund
UNG
$494M
| $53.2M | 0.01% |
2,459,800
-3,229,600
| -57% | -$63.7M |
|
995
PUT
AES
AES
$10.5B
| $53M | 0.01% |
4,267,900
+1,304,200
| +44% | +$15.1M |
|
996
CALL
iShares US Aerospace & Defense ETF
ITA
$15B
| $52.9M | 0.01% |
345,600
+294,300
| +574% | +$45M |
|
997
CALL
Cleveland-Cliffs
CLF
$7.08B
| $52.7M | 0.01% |
6,415,500
-1,798,000
| -22% | -$18.3M |
|
998
PUT
Under Armour
UAA
$2.29B
| $52.6M | 0.01% |
8,412,300
+7,832,000
| +1,350% | +$58.3M |
|
999
CALL
Ross Stores
ROST
$80.8B
| $52.4M | 0.01% |
410,400
-165,400
| -29% | -$23.1M |
|
1000
CALL
Franco-Nevada
FNV
$46.4B
| $52.3M | 0.01% |
332,100
+171,900
| +107% | +$24M |
|
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.