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 | |
|---|---|---|---|---|---|---|
1051
PUT
Coherent
COHR
$64.3B
| $47.7M | 0.01% |
735,000
+416,800
| +131% | +$34.5M |
|
1052
Analog Devices
ADI
$188B
| $47.7M | 0.01% |
236,320
-19,870
| -8% | -$4.29M |
|
1053
CALL
CF Industries
CF
$17.8B
| $47.5M | 0.01% |
608,300
+211,300
| +53% | +$17.7M |
|
1054
CALL
Albertsons Companies
ACI
$5.95B
| $47.5M | 0.01% |
2,161,800
-1,401,700
| -39% | -$28.9M |
|
1055
PUT
Sempra
SRE
$55.9B
| $47.5M | 0.01% |
665,100
+621,200
| +1,415% | +$48.4M |
|
1056
PUT
Trip.com Group
TCOM
$29.1B
| $47.4M | 0.01% |
746,000
+325,600
| +77% | +$21.3M |
|
1057
CALL
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.8B
| $47.3M | 0.01% |
657,300
-42,800
| -6% | -$3.48M |
|
1058
PUT
TotalEnergies
TTE
$195B
| $47.3M | 0.01% |
731,100
+177,900
| +32% | +$10.7M |
|
1059
Madrigal Pharmaceuticals
MDGL
$12.4B
| $47.2M | 0.01% |
142,643
+126,320
| +774% | +$41.5M |
|
1060
CALL
Tenet Healthcare
THC
$20.9B
| $47.2M | 0.01% |
350,800
-34,600
| -9% | -$4.56M |
|
1061
PUT
Cal-Maine
CALM
$3.87B
| $47M | 0.01% |
516,700
+390,300
| +309% | +$38.5M |
|
1062
PUT
EOG Resources
EOG
$75.2B
| $46.8M | 0.01% |
364,800
-12,200
| -3% | -$1.57M |
|
1063
CALL
DexCom
DXCM
$33.8B
| $46.7M | 0.01% |
684,500
-547,300
| -44% | -$44.7M |
|
1064
Zillow
ZG
$7.71B
| $46.7M | 0.01% |
698,564
-340,438
| -33% | -$25.2M |
|
1065
PUT
HSBC
HSBC
$355B
| $46.6M | 0.01% |
812,200
+560,800
| +223% | +$30.7M |
|
1066
PUT
Toyota
TM
$225B
| $46.6M | 0.01% |
264,000
+66,700
| +34% | +$12.4M |
|
1067
RB Global
RBA
$16.6B
| $46.5M | 0.01% |
463,563
+228,787
| +97% | +$21.8M |
|
1068
CALL
Southern Copper
SCCO
$164B
| $46.3M | 0.01% |
525,673
+197,199
| +60% | +$17.5M |
|
1069
PUT
Corcept Therapeutics
CORT
$12.1B
| $46.3M | 0.01% |
405,200
+304,500
| +302% | +$18.5M |
|
1070
VanEck Gold Miners ETF
GDX
$27.5B
| $46.2M | 0.01% |
1,005,763
-1,689,964
| -63% | -$68.3M |
|
1071
Bank of America
BAC
$448B
| $46.1M | 0.01% |
1,103,925
-2,605,926
| -70% | -$116M |
|
1072
CALL
DuPont de Nemours
DD
$19.5B
| $45.9M | 0.01% |
489,870
-300,503
| -38% | -$29.3M |
|
1073
Energy Transfer Partners
ET
$71.6B
| $45.9M | 0.01% |
2,467,681
+2,250,029
| +1,034% | +$43.8M |
|
1074
CALL
Cinemark Holdings
CNK
$4.25B
| $45.9M | 0.01% |
1,842,700
+1,506,500
| +448% | +$41.9M |
|
1075
CALL
TransDigm Group
TDG
$68.7B
| $45.6M | 0.01% |
33,000
-16,700
| -34% | -$22.3M |
|
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.