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 | |
|---|---|---|---|---|---|---|
1251
CALL
Axsome Therapeutics
AXSM
$11.2B
| $35.5M | 0.01% |
304,300
-43,600
| -13% | -$4.97M |
|
1252
PUT
VanEck Junior Gold Miners ETF
GDXJ
$8.33B
| $35.5M | 0.01% |
620,000
-593,500
| -49% | -$29.9M |
|
1253
United States Oil Fund
USO
$1.77B
| $35.4M | 0.01% |
458,054
+291,259
| +175% | +$22.2M |
|
1254
CALL
Keurig Dr Pepper
KDP
$42.3B
| $35.4M | 0.01% |
1,034,000
-242,900
| -19% | -$7.89M |
|
1255
PUT
Ross Stores
ROST
$78.6B
| $35.2M | 0.01% |
275,400
-654,800
| -70% | -$91.6M |
|
1256
Moderna
MRNA
$25.4B
| $34.8M | 0.01% |
1,228,711
-894,997
| -42% | -$31.8M |
|
1257
CALL
Vanguard Morningstar Growth ETF
VUG
$231B
| $34.8M | 0.01% |
563,400
-344,400
| -38% | -$23.2M |
|
1258
PUT
Fidelity National Information Services
FIS
$22.8B
| $34.8M | 0.01% |
466,100
+294,900
| +172% | +$22.2M |
|
1259
Marriott International
MAR
$91.9B
| $34.8M | 0.01% |
146,106
-21,495
| -13% | -$5.84M |
|
1260
Las Vegas Sands
LVS
$29.6B
| $34.7M | 0.01% |
899,466
+594,673
| +195% | +$26.3M |
|
1261
PUT
Schwab US Dividend Equity ETF
SCHD
$108B
| $34.7M | 0.01% |
1,241,300
-145,900
| -11% | -$4.07M |
|
1262
PUT
Cenovus Energy
CVE
$56.4B
| $34.7M | 0.01% |
2,493,400
+976,100
| +64% | +$14.1M |
|
|
ITCI
1263
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $34.7M | 0.01% |
262,900
+220,400
| +519% | +$27.5M |
|
1264
PUT
Edison International
EIX
$27.2B
| $34.7M | 0.01% |
588,600
+366,300
| +165% | +$21.1M |
|
1265
CALL
NetApp
NTAP
$40.2B
| $34.6M | 0.01% |
394,400
+89,600
| +29% | +$9.91M |
|
1266
CALL
UiPath
PATH
$8.64B
| $34.6M | 0.01% |
3,362,600
+1,158,700
| +53% | +$14.9M |
|
1267
Vanguard Morningstar Small-Cap ETF
VB
$83.4B
| $34.6M | 0.01% |
156,114
+151,130
| +3,032% | +$36.1M |
|
1268
CALL
Ally Financial
ALLY
$13.6B
| $34.6M | 0.01% |
948,200
-153,900
| -14% | -$5.67M |
|
1269
NXP Semiconductors
NXPI
$58.5B
| $34.6M | 0.01% |
181,946
+13,646
| +8% | +$2.91M |
|
1270
CALL
HP
HPQ
$28.6B
| $34.6M | 0.01% |
1,248,400
-902,200
| -42% | -$28.5M |
|
1271
FTAI Aviation
FTAI
$22.2B
| $34.5M | 0.01% |
310,716
+75,035
| +32% | +$8.87M |
|
1272
CALL
Antero Resources
AR
$11.3B
| $34.4M | 0.01% |
851,800
-505,300
| -37% | -$19.4M |
|
1273
PUT
Insmed
INSM
$27.6B
| $34.4M | 0.01% |
451,400
+103,800
| +30% | +$7.94M |
|
1274
PUT
AGNC Investment
AGNC
$13B
| $34.3M | 0.01% |
3,579,400
-358,200
| -9% | -$3.58M |
|
1275
CALL
CMS Energy
CMS
$22.1B
| $34.3M | 0.01% |
+456,500
| New | +$31.9M |
|
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.