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 | |
|---|---|---|---|---|---|---|
1101
PUT
BHP
BHP
$231B
| $44.1M | 0.01% |
909,400
+279,300
| +44% | +$13.9M |
|
1102
CALL
Skyworks Solutions
SWKS
$10.2B
| $44.1M | 0.01% |
682,300
+45,200
| +7% | +$3.44M |
|
1103
PUT
UBS Group
UBS
$177B
| $44M | 0.01% |
1,438,100
+527,000
| +58% | +$17.6M |
|
1104
Elevance Health
ELV
$85.6B
| $44M | 0.01% |
101,119
-57,832
| -36% | -$23.2M |
|
|
BNY
1105
PUT
Bank of New York Mellon
BNY
$109B
| $44M | 0.01% |
524,400
+89,200
| +20% | +$7.5M |
|
1106
Travelers Companies
TRV
$78.7B
| $43.9M | 0.01% |
165,852
-15,384
| -8% | -$3.83M |
|
1107
PUT
Kimberly-Clark
KMB
$36B
| $43.8M | 0.01% |
307,900
+3,000
| +1% | +$404K |
|
1108
CALL
NRG Energy
NRG
$25.4B
| $43.5M | 0.01% |
455,400
+84,700
| +23% | +$8.57M |
|
|
1109
CALL
Travelers Companies
TRV
$78.7B
| $43.5M | 0.01% |
164,300
+38,200
| +30% | +$9.52M |
|
1110
CALL
ProShares Ultra QQQ
QLD
$14.1B
| $43.4M | 0.01% |
975,800
-134,200
| -12% | -$7.1M |
|
1111
CALL
Seagate
STX
$197B
| $43.3M | 0.01% |
510,300
+110,500
| +28% | +$10.4M |
|
1112
CALL
APA Corp
APA
$14B
| $43.3M | 0.01% |
2,060,100
+95,400
| +5% | +$2.1M |
|
1113
PUT
Kinder Morgan
KMI
$70.2B
| $43.3M | 0.01% |
1,516,800
+525,100
| +53% | +$14.5M |
|
1114
CALL
argenx
ARGX
$54.3B
| $43.1M | 0.01% |
72,800
-64,700
| -47% | -$40.8M |
|
1115
CALL
Ares Capital
ARCC
$14.2B
| $43.1M | 0.01% |
1,943,900
+1,152,400
| +146% | +$26.2M |
|
1116
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $43M | 0.01% |
+251,392
| New | +$45M |
|
1117
CALL
Dutch Bros
BROS
$8.75B
| $42.8M | 0.01% |
693,400
+125,800
| +22% | +$8.29M |
|
1118
CALL
SolarEdge
SEDG
$2.05B
| $42.8M | 0.01% |
2,644,200
-288,800
| -10% | -$4.49M |
|
1119
CALL
Crocs
CROX
$6.27B
| $42.8M | 0.01% |
402,700
-121,700
| -23% | -$12.6M |
|
1120
CALL
Capri Holdings
CPRI
$1.77B
| $42.7M | 0.01% |
2,165,000
-203,100
| -9% | -$4.5M |
|
1121
Royalty Pharma
RPRX
$26B
| $42.7M | 0.01% |
1,371,626
-698,916
| -34% | -$22.2M |
|
1122
CALL
VF Corp
VFC
$5.82B
| $42.6M | 0.01% |
2,746,300
-3,882,200
| -59% | -$86M |
|
|
SWTX
1123
PUT
DELISTED
SpringWorks Therapeutics
SWTX
| $42.5M | 0.01% |
964,100
+856,800
| +799% | +$39.4M |
|
1124
CALL
Old Dominion Freight Line
ODFL
$44B
| $42.5M | 0.01% |
257,100
-43,800
| -15% | -$7.96M |
|
1125
iShares MSCI China ETF
MCHI
$6.23B
| $42.5M | 0.01% |
781,563
-403,282
| -34% | -$20.8M |
|
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.