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 | |
|---|---|---|---|---|---|---|
1601
CALL
EPAM Systems
EPAM
$5.24B
| $23.5M | ﹤0.01% |
139,200
+39,000
| +39% | +$8.6M |
|
1602
PUT
Kohl's
KSS
$2.22B
| $23.5M | ﹤0.01% |
2,867,000
+1,337,500
| +87% | +$15.5M |
|
1603
CALL
Ametek
AME
$58.7B
| $23.4M | ﹤0.01% |
136,000
-15,600
| -10% | -$2.84M |
|
1604
CALL
Deutsche Bank
DB
$72.1B
| $23.4M | ﹤0.01% |
979,900
+470,600
| +92% | +$9.87M |
|
1605
CALL
Edison International
EIX
$27.2B
| $23.3M | ﹤0.01% |
396,200
+286,700
| +262% | +$16.5M |
|
1606
CALL
Golar LNG
GLNG
$5.21B
| $23.3M | ﹤0.01% |
613,900
+42,200
| +7% | +$1.65M |
|
1607
CALL
Everest Group
EG
$14B
| $23.3M | ﹤0.01% |
64,100
+5,300
| +9% | +$1.87M |
|
1608
PUT
J.M. Smucker
SJM
$12.9B
| $23.3M | ﹤0.01% |
196,600
-9,400
| -5% | -$1.02M |
|
1609
PUT
Natera
NTRA
$44.8B
| $23.3M | ﹤0.01% |
164,600
+39,300
| +31% | +$6.32M |
|
1610
Noble Corp
NE
$7.07B
| $23.2M | ﹤0.01% |
980,980
+28,296
| +3% | +$810K |
|
1611
PUT
Groupon
GRPN
$894M
| $23.2M | ﹤0.01% |
1,238,200
+530,600
| +75% | +$6.72M |
|
1612
Union Pacific
UNP
$177B
| $23.2M | ﹤0.01% |
98,348
-198,232
| -67% | -$47.7M |
|
1613
PUT
2x Long VIX Futures ETF
UVIX
$204M
| $23.2M | ﹤0.01% |
31,150
+27,431
| +738% | +$18M |
|
1614
CALL
Guardant Health
GH
$21.4B
| $23.1M | ﹤0.01% |
543,400
+128,400
| +31% | +$5.54M |
|
1615
Calumet Specialty Products
CLMT
$4.29B
| $23.1M | ﹤0.01% |
1,823,972
+305,392
| +20% | +$4.8M |
|
1616
Linde
LIN
$220B
| $23.1M | ﹤0.01% |
49,590
-236,300
| -83% | -$106M |
|
1617
CALL
Ciena
CIEN
$62.7B
| $23.1M | ﹤0.01% |
382,100
+95,700
| +33% | +$7.57M |
|
1618
CALL
Labcorp
LH
$26.2B
| $23.1M | ﹤0.01% |
99,200
-45,200
| -31% | -$11M |
|
1619
CALL
SBA Communications
SBAC
$19.8B
| $23.1M | ﹤0.01% |
104,800
-27,800
| -21% | -$5.82M |
|
1620
PUT
Monster Beverage
MNST
$91.4B
| $23M | ﹤0.01% |
787,200
+378,200
| +92% | +$9.86M |
|
1621
Interactive Brokers
IBKR
$41.4B
| $23M | ﹤0.01% |
555,072
-85,284
| -13% | -$4.23M |
|
1622
CALL
XP
XP
$8.18B
| $23M | ﹤0.01% |
1,671,000
+1,154,200
| +223% | +$15.9M |
|
1623
Hershey
HSY
$37.4B
| $22.9M | ﹤0.01% |
134,135
-228,595
| -63% | -$37.4M |
|
1624
PUT
Oxford Industries
OXM
$542M
| $22.9M | ﹤0.01% |
391,000
+328,500
| +526% | +$23.6M |
|
1625
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$306M
| $22.9M | ﹤0.01% |
680,856
+61,466
| +10% | +$2.18M |
|
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.