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 | |
|---|---|---|---|---|---|---|
1476
PUT
Core Scientific
CORZ
$6.36B
| $27M | ﹤0.01% |
3,728,000
+987,200
| +36% | +$11.2M |
|
1477
PUT
Fabrinet
FN
$20.3B
| $27M | ﹤0.01% |
136,600
-30,500
| -18% | -$6.66M |
|
1478
PUT
Trump Media & Technology Group
DJT
$2.31B
| $26.9M | ﹤0.01% |
1,377,400
-1,660,100
| -55% | -$46.6M |
|
1479
PUT
Toast
TOST
$20.4B
| $26.9M | ﹤0.01% |
811,400
-141,700
| -15% | -$5.31M |
|
1480
PUT
CF Industries
CF
$17.7B
| $26.9M | ﹤0.01% |
344,100
-208,000
| -38% | -$17.4M |
|
1481
First Citizens BancShares
FCNCA
$25.6B
| $26.8M | ﹤0.01% |
14,481
+6,998
| +94% | +$14.3M |
|
1482
The Mosaic Company
MOS
$6.92B
| $26.8M | ﹤0.01% |
993,786
+456,820
| +85% | +$12.1M |
|
1483
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$199M
| $26.7M | ﹤0.01% |
156,960
+30,980
| +25% | +$4.29M |
|
1484
Pinterest
PINS
$13.2B
| $26.6M | ﹤0.01% |
859,305
-473,894
| -36% | -$16.1M |
|
1485
Liberty Broadband Class C
LBRDK
$5.29B
| $26.6M | ﹤0.01% |
313,208
+6,619
| +2% | +$532K |
|
1486
PUT
Lamb Weston
LW
$7.39B
| $26.6M | ﹤0.01% |
499,100
-159,200
| -24% | -$9.02M |
|
1487
CALL
LKQ Corp
LKQ
$6.38B
| $26.6M | ﹤0.01% |
625,200
+223,400
| +56% | +$8.86M |
|
1488
Datadog
DDOG
$90.6B
| $26.5M | ﹤0.01% |
266,938
+5,247
| +2% | +$662K |
|
1489
Veeva Systems
VEEV
$41B
| $26.5M | ﹤0.01% |
114,250
+25,480
| +29% | +$5.82M |
|
1490
PUT
Paycom
PAYC
$10.1B
| $26.4M | ﹤0.01% |
120,900
-257,400
| -68% | -$54.3M |
|
1491
CALL
W.P. Carey
WPC
$16.3B
| $26.4M | ﹤0.01% |
418,200
+139,400
| +50% | +$8.25M |
|
1492
CALL
Cognizant
CTSH
$26.7B
| $26.4M | ﹤0.01% |
344,900
-228,600
| -40% | -$18.6M |
|
1493
PUT
NetEase
NTES
$78.5B
| $26.4M | ﹤0.01% |
256,200
+15,400
| +6% | +$1.55M |
|
1494
PUT
Archer Daniels Midland
ADM
$38.6B
| $26.4M | ﹤0.01% |
549,100
+112,600
| +26% | +$5.45M |
|
1495
PUT
Quest Diagnostics
DGX
$26.1B
| $26.3M | ﹤0.01% |
155,700
+142,600
| +1,089% | +$23.4M |
|
1496
CALL
Warner Music
WMG
$13.3B
| $26.3M | ﹤0.01% |
840,300
+715,700
| +574% | +$23.2M |
|
1497
ProShares UltraPro Short QQQ
SQQQ
$1.67B
| $26.2M | ﹤0.01% |
136,800
+97,606
| +249% | +$15.4M |
|
|
NVMI
1498
CALL
Nova
NVMI
$13.1B
| $26.2M | ﹤0.01% |
142,100
+68,600
| +93% | +$15.8M |
|
1499
PUT
Builders FirstSource
BLDR
$7.91B
| $26.2M | ﹤0.01% |
209,600
+55,300
| +36% | +$8.05M |
|
1500
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.4B
| $26.2M | ﹤0.01% |
747,336
+662,550
| +781% | +$25.4M |
|
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.