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 | |
|---|---|---|---|---|---|---|
1126
PUT
Ally Financial
ALLY
$13.3B
| $42.4M | 0.01% |
1,163,500
+114,500
| +11% | +$4.22M |
|
1127
CALL
Royal Gold
RGLD
$19.9B
| $42.4M | 0.01% |
259,500
-100,400
| -28% | -$14.7M |
|
|
1128
Berkshire Hathaway Class A
BRK.A
$1.1T
| $42.3M | 0.01% |
53
-181
| -77% | -$132M |
|
1129
CALL
MSCI
MSCI
$40.9B
| $42.3M | 0.01% |
74,800
+45,500
| +155% | +$26.4M |
|
1130
PUT
Riot Platforms
RIOT
$7.84B
| $42.1M | 0.01% |
5,915,800
-4,130,200
| -41% | -$42.8M |
|
1131
PUT
ResMed
RMD
$32.4B
| $42M | 0.01% |
187,800
-56,200
| -23% | -$13.1M |
|
1132
CALL
Texas Pacific Land
TPL
$24.6B
| $42M | 0.01% |
95,100
-9,600
| -9% | -$4.28M |
|
1133
CALL
Hasbro
HAS
$13.5B
| $41.9M | 0.01% |
682,000
+121,000
| +22% | +$7.32M |
|
1134
PUT
Viking Therapeutics
VKTX
$3.99B
| $41.9M | 0.01% |
1,734,000
+222,400
| +15% | +$7.03M |
|
1135
CALL
Hewlett Packard
HPE
$73.8B
| $41.8M | 0.01% |
2,705,900
+55,300
| +2% | +$1.1M |
|
1136
CALL
Targa Resources
TRGP
$57.4B
| $41.6M | 0.01% |
207,500
-9,400
| -4% | -$1.87M |
|
1137
PUT
PPG Industries
PPG
$25.8B
| $41.6M | 0.01% |
380,400
-4,300
| -1% | -$496K |
|
1138
CALL
LyondellBasell Industries
LYB
$20.6B
| $41.6M | 0.01% |
590,400
-161,200
| -21% | -$12.1M |
|
1139
PUT
Southern Company
SO
$106B
| $41.6M | 0.01% |
451,900
-106,900
| -19% | -$9.25M |
|
1140
CALL
Williams-Sonoma
WSM
$29.4B
| $41.5M | 0.01% |
262,700
-225,300
| -46% | -$43.5M |
|
1141
PUT
Nutrien
NTR
$31.9B
| $41.5M | 0.01% |
835,500
-1,075,300
| -56% | -$55M |
|
1142
Qiagen
QGEN
$8.75B
| $41.3M | 0.01% |
1,028,970
+1,023,253
| +17,898% | +$43M |
|
1143
PUT
Suncor Energy
SU
$74B
| $41.3M | 0.01% |
1,066,900
-213,500
| -17% | -$8.15M |
|
1144
PUT
Antero Resources
AR
$11.6B
| $41.2M | 0.01% |
1,019,200
+190,300
| +23% | +$7.3M |
|
1145
PUT
iShares TIPS Bond ETF
TIP
$14.7B
| $41.2M | 0.01% |
371,000
+344,600
| +1,305% | +$37.4M |
|
1146
PUT
Veeva Systems
VEEV
$38.3B
| $41.2M | 0.01% |
177,800
-77,500
| -30% | -$17.7M |
|
1147
United Rentals
URI
$71.4B
| $41.1M | 0.01% |
65,607
+4,003
| +6% | +$2.75M |
|
1148
PUT
iShares MSCI Germany ETF
EWG
$1.68B
| $41.1M | 0.01% |
1,108,500
+1,047,900
| +1,729% | +$37.4M |
|
1149
CALL
Willis Towers Watson
WTW
$31.7B
| $41.1M | 0.01% |
121,600
+73,200
| +151% | +$23.9M |
|
1150
PUT
Skyworks Solutions
SWKS
$10.2B
| $40.9M | 0.01% |
633,100
+200,700
| +46% | +$15.3M |
|
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.