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 | |
|---|---|---|---|---|---|---|
1226
CALL
Lemonade
LMND
$4.1B
| $36.8M | 0.01% |
1,170,100
-296,600
| -20% | -$10.2M |
|
1227
Biogen
BIIB
$31.1B
| $36.7M | 0.01% |
268,372
-216,676
| -45% | -$31M |
|
1228
ServiceNow
NOW
$132B
| $36.7M | 0.01% |
230,590
-289,785
| -56% | -$55.9M |
|
1229
PUT
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.2B
| $36.7M | 0.01% |
800,100
+760,500
| +1,920% | +$39.7M |
|
1230
CALL
Petrobras Class A
PBR.A
$104B
| $36.7M | 0.01% |
2,812,500
+2,620,900
| +1,368% | +$32.9M |
|
1231
CALL
Coherent
COHR
$64B
| $36.7M | 0.01% |
564,600
-473,600
| -46% | -$39.2M |
|
1232
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $36.6M | 0.01% |
808,900
+433,300
| +115% | +$19.5M |
|
1233
CALL
Canadian Natural Resources
CNQ
$98.1B
| $36.6M | 0.01% |
1,187,500
+153,400
| +15% | +$4.65M |
|
|
ECHO
1234
CALL
EchoStar
ECHO
$26.6B
| $36.5M | 0.01% |
1,428,500
-102,100
| -7% | -$2.78M |
|
|
1235
PUT
Canadian Natural Resources
CNQ
$98.1B
| $36.5M | 0.01% |
1,185,800
+131,900
| +13% | +$4M |
|
|
BPMC
1236
DELISTED
Blueprint Medicines
BPMC
| $36.5M | 0.01% |
412,540
+276,329
| +203% | +$27M |
|
1237
PUT
Aflac
AFL
$60.7B
| $36.4M | 0.01% |
327,800
+30,300
| +10% | +$3.21M |
|
1238
Sun Communities
SUI
$14.6B
| $36.4M | 0.01% |
283,107
-16,800
| -6% | -$2.15M |
|
1239
CALL
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $36.3M | 0.01% |
4,771,400
+2,641,100
| +124% | +$17.7M |
|
1240
PUT
Bloom Energy
BE
$69.6B
| $36.2M | 0.01% |
1,843,000
-191,600
| -9% | -$4.57M |
|
|
WBA
1241
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $36.1M | 0.01% |
3,232,300
-1,159,200
| -26% | -$12.6M |
|
1242
ConocoPhillips
COP
$150B
| $36.1M | 0.01% |
343,770
-562,236
| -62% | -$56.1M |
|
1243
Advance Auto Parts
AAP
$3.46B
| $36.1M | 0.01% |
920,053
+776,892
| +543% | +$33.3M |
|
1244
CALL
Natera
NTRA
$44.8B
| $36M | 0.01% |
254,800
-40,300
| -14% | -$6.48M |
|
1245
CALL
Enbridge
ENB
$112B
| $36M | 0.01% |
812,000
+430,000
| +113% | +$18.7M |
|
1246
CALL
Viking Therapeutics
VKTX
$3.84B
| $36M | 0.01% |
1,489,400
-681,100
| -31% | -$21.5M |
|
1247
PUT
Toll Brothers
TOL
$14B
| $36M | 0.01% |
340,500
-370,100
| -52% | -$44.4M |
|
|
PPL
1248
CALL
PPL Corp
PPL
$26.8B
| $35.9M | 0.01% |
995,200
+361,400
| +57% | +$12.3M |
|
1249
PUT
American Electric Power
AEP
$68.3B
| $35.7M | 0.01% |
326,800
+36,300
| +12% | +$3.68M |
|
1250
CALL
Sempra
SRE
$56.5B
| $35.6M | 0.01% |
498,700
+421,300
| +544% | +$32.8M |
|
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.