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 | |
|---|---|---|---|---|---|---|
1551
CALL
Iron Mountain
IRM
$37.7B
| $24.8M | ﹤0.01% |
288,700
-80,900
| -22% | -$7.8M |
|
1552
CALL
Ralph Lauren
RL
$23.1B
| $24.8M | ﹤0.01% |
112,500
+38,500
| +52% | +$9.54M |
|
1553
PUT
AngloGold Ashanti
AU
$48.1B
| $24.8M | ﹤0.01% |
667,400
-784,400
| -54% | -$24.1M |
|
1554
PUT
Johnson Controls International
JCI
$91.7B
| $24.8M | ﹤0.01% |
309,000
+51,700
| +20% | +$4.25M |
|
|
NBIS
1555
Nebius Group N.V.
NBIS
$69.3B
| $24.8M | ﹤0.01% |
1,172,587
+78,354
| +7% | +$2.58M |
|
1556
Cencora
COR
$59.2B
| $24.7M | ﹤0.01% |
88,978
+4,098
| +5% | +$1.03M |
|
1557
PUT
Air Products & Chemicals
APD
$68B
| $24.7M | ﹤0.01% |
83,900
-102,300
| -55% | -$31.5M |
|
1558
PUT
Illinois Tool Works
ITW
$82.9B
| $24.7M | ﹤0.01% |
99,700
+80,200
| +411% | +$20.6M |
|
1559
Carvana
CVNA
$81B
| $24.7M | ﹤0.01% |
589,970
+251,215
| +74% | +$11.1M |
|
1560
CALL
Pultegroup
PHM
$24.9B
| $24.6M | ﹤0.01% |
239,000
-294,000
| -55% | -$31.8M |
|
1561
Dutch Bros
BROS
$8.93B
| $24.6M | ﹤0.01% |
397,897
+258,185
| +185% | +$17M |
|
1562
CALL
Teck Resources
TECK
$31.3B
| $24.5M | ﹤0.01% |
673,500
-175,100
| -21% | -$7.26M |
|
1563
Thermo Fisher Scientific
TMO
$220B
| $24.4M | ﹤0.01% |
49,121
-227,052
| -82% | -$123M |
|
1564
CALL
Republic Services
RSG
$65.9B
| $24.4M | ﹤0.01% |
100,900
+24,400
| +32% | +$5.47M |
|
1565
CALL
AMC Entertainment Holdings
AMC
$2.35B
| $24.4M | ﹤0.01% |
8,508,100
-4,708,500
| -36% | -$15.5M |
|
1566
PUT
Stellantis
STLA
$20.2B
| $24.4M | ﹤0.01% |
2,176,100
+522,500
| +32% | +$6.72M |
|
|
GRMN
1567
PUT
Garmin
GRMN
$60.2B
| $24.4M | ﹤0.01% |
112,300
+66,700
| +146% | +$14.4M |
|
1568
Tradeweb Markets
TW
$22.3B
| $24.4M | ﹤0.01% |
164,213
+58,229
| +55% | +$7.74M |
|
1569
PUT
MSC Industrial Direct
MSM
$6.77B
| $24.4M | ﹤0.01% |
313,800
+311,100
| +11,522% | +$24.9M |
|
1570
Kohl's
KSS
$2.22B
| $24.3M | ﹤0.01% |
2,976,068
+2,366,617
| +388% | +$27.5M |
|
1571
PUT
Royal Gold
RGLD
$19.1B
| $24.3M | ﹤0.01% |
148,600
-57,400
| -28% | -$8.42M |
|
1572
iShares TIPS Bond ETF
TIP
$14.7B
| $24.3M | ﹤0.01% |
218,643
+209,506
| +2,293% | +$22.8M |
|
1573
CALL
Vanguard Real Estate ETF
VNQ
$39.1B
| $24.2M | ﹤0.01% |
267,200
-8,700
| -3% | -$790K |
|
1574
PUT
VeriSign
VRSN
$26B
| $24.2M | ﹤0.01% |
95,200
+67,800
| +247% | +$15.4M |
|
1575
CALL
LPL Financial
LPLA
$29.5B
| $24.1M | ﹤0.01% |
73,800
-35,800
| -33% | -$12.5M |
|
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.