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 | |
|---|---|---|---|---|---|---|
1326
PUT
Rigetti Computing
RGTI
$6.21B
| $32.1M | 0.01% |
4,058,000
+2,351,300
| +138% | +$26.1M |
|
1327
Novartis
NVS
$288B
| $32.1M | 0.01% |
287,686
-43,136
| -13% | -$4.59M |
|
1328
PUT
Crown Castle
CCI
$32.2B
| $32M | 0.01% |
307,200
+12,200
| +4% | +$1.14M |
|
1329
PUT
DaVita
DVA
$11.4B
| $32M | 0.01% |
209,300
+99,500
| +91% | +$15.6M |
|
1330
Cal-Maine
CALM
$3.87B
| $32M | 0.01% |
351,889
+301,209
| +594% | +$29.7M |
|
1331
PUT
APA Corp
APA
$14B
| $32M | 0.01% |
1,520,300
-175,300
| -10% | -$3.85M |
|
1332
PUT
Archer Aviation
ACHR
$5.37B
| $31.9M | 0.01% |
4,492,300
+2,416,000
| +116% | +$21.4M |
|
1333
PUT
Insulet
PODD
$10.2B
| $31.9M | 0.01% |
121,600
-17,100
| -12% | -$4.63M |
|
1334
iShares MSCI South Korea ETF
EWY
$27.6B
| $31.9M | 0.01% |
589,937
+27,541
| +5% | +$1.53M |
|
|
1335
CALL
Archer Aviation
ACHR
$5.37B
| $31.9M | 0.01% |
4,483,800
-8,612,900
| -66% | -$76.4M |
|
1336
CALL
Canadian Imperial Bank of Commerce
CM
$112B
| $31.6M | 0.01% |
562,100
+233,700
| +71% | +$14.1M |
|
1337
CALL
Zoetis
ZTS
$31.3B
| $31.6M | 0.01% |
192,000
-20,000
| -9% | -$3.33M |
|
1338
PUT
Everest Group
EG
$14B
| $31.6M | 0.01% |
86,900
+46,300
| +114% | +$16.4M |
|
1339
HP
HPQ
$28.6B
| $31.6M | 0.01% |
1,139,655
+450,153
| +65% | +$14.2M |
|
1340
PUT
CoStar Group
CSGP
$13.4B
| $31.5M | 0.01% |
398,000
+244,100
| +159% | +$18.6M |
|
1341
CALL
Aptiv
APTV
$10.2B
| $31.5M | 0.01% |
529,000
-416,500
| -44% | -$26.4M |
|
|
NNE
1342
CALL
Nano Nuclear Energy
NNE
$1.1B
| $31.5M | 0.01% |
1,189,500
+22,500
| +2% | +$687K |
|
1343
PUT
Direxion Daily Regional Banks Bull 3X ETF
DPST
$414M
| $31.5M | 0.01% |
363,400
-63,900
| -15% | -$6.98M |
|
1344
PUT
DexCom
DXCM
$34.5B
| $31.5M | 0.01% |
460,600
-135,600
| -23% | -$11.1M |
|
1345
CALL
abrdn Physical Gold Shares ETF
SGOL
$7.42B
| $31.5M | 0.01% |
1,054,800
+1,001,900
| +1,894% | +$27.4M |
|
1346
PUT
Ecolab
ECL
$77.4B
| $31.4M | 0.01% |
123,800
+31,200
| +34% | +$7.86M |
|
1347
CALL
SentinelOne
S
$8.17B
| $31.4M | 0.01% |
1,726,200
-454,100
| -21% | -$9.85M |
|
|
ANSS
1348
PUT
DELISTED
Ansys
ANSS
| $31.3M | 0.01% |
99,000
+52,900
| +115% | +$17.7M |
|
1349
CALL
Root
ROOT
$772M
| $31.3M | 0.01% |
234,700
-89,400
| -28% | -$10.2M |
|
1350
KKR & Co
KKR
$103B
| $31.3M | 0.01% |
270,861
-11,585
| -4% | -$1.59M |
|
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.