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 | |
|---|---|---|---|---|---|---|
1376
Intuitive Surgical
ISRG
$142B
| $30.4M | 0.01% |
61,398
-87,342
| -59% | -$48.3M |
|
1377
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$192M
| $30.3M | 0.01% |
872,900
-143,200
| -14% | -$5.39M |
|
1378
PG&E
PCG
$38.5B
| $30.3M | 0.01% |
1,764,458
+98,853
| +6% | +$1.64M |
|
1379
PUT
Corning
GLW
$137B
| $30.3M | 0.01% |
662,100
+359,100
| +119% | +$17.7M |
|
1380
American International
AIG
$39.8B
| $30.3M | 0.01% |
348,113
-148,081
| -30% | -$11.5M |
|
|
VRNA
1381
CALL
DELISTED
Verona Pharma
VRNA
| $30.2M | 0.01% |
476,200
+255,600
| +116% | +$15.3M |
|
|
SCHW
1382
Charles Schwab
SCHW
$190B
| $30.2M | 0.01% |
385,388
-259,443
| -40% | -$20.4M |
|
1383
CALL
M&T Bank
MTB
$36.6B
| $30.1M | 0.01% |
168,600
+23,500
| +16% | +$4.46M |
|
|
API
1384
Agora
API
$408M
| $30.1M | 0.01% |
7,484,011
+100
| +0% | +$522 |
|
1385
CAVA Group
CAVA
$8.43B
| $30.1M | 0.01% |
347,882
+196,228
| +129% | +$21.3M |
|
1386
Cognizant
CTSH
$26.7B
| $30.1M | 0.01% |
392,921
-75,429
| -16% | -$6.14M |
|
1387
KraneShares CSI China Internet ETF
KWEB
$5.31B
| $30M | 0.01% |
860,637
-1,345,275
| -61% | -$44.6M |
|
1388
CALL
ProShares UltraPro S&P 500
UPRO
$5.86B
| $30M | 0.01% |
406,500
-84,800
| -17% | -$7.45M |
|
1389
CALL
FMC
FMC
$1.27B
| $30M | 0.01% |
711,800
+222,300
| +45% | +$9.87M |
|
1390
PepsiCo
PEP
$192B
| $30M | 0.01% |
200,018
-469,956
| -70% | -$69.9M |
|
1391
PUT
VanEck Pharmaceutical ETF
PPH
$991M
| $30M | 0.01% |
328,900
+325,300
| +9,036% | +$29.3M |
|
1392
PUT
T. Rowe Price
TROW
$23.7B
| $29.9M | 0.01% |
325,800
+161,000
| +98% | +$17M |
|
1393
CALL
Global X Silver Miners ETF NEW
SIL
$4.75B
| $29.9M | 0.01% |
758,000
+611,700
| +418% | +$22M |
|
1394
PUT
Tenet Healthcare
THC
$21.5B
| $29.9M | 0.01% |
222,200
-104,700
| -32% | -$13.8M |
|
1395
Microchip Technology
MCHP
$42.2B
| $29.8M | 0.01% |
615,835
+117,875
| +24% | +$6.57M |
|
1396
CALL
Five Below
FIVE
$13.4B
| $29.8M | 0.01% |
397,400
-150,800
| -28% | -$13.3M |
|
1397
PUT
Bunge Global
BG
$21.7B
| $29.7M | 0.01% |
388,400
+163,300
| +73% | +$12.2M |
|
1398
CALL
MP Materials
MP
$9.91B
| $29.7M | 0.01% |
1,215,100
+721,800
| +146% | +$16.8M |
|
1399
PUT
Valaris
VAL
$5.91B
| $29.6M | 0.01% |
754,600
+420,100
| +126% | +$18M |
|
1400
CALL
Yum China
YUMC
$16.2B
| $29.6M | 0.01% |
567,800
-63,800
| -10% | -$3.06M |
|
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.