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 | |
|---|---|---|---|---|---|---|
151
PUT
Walt Disney
DIS
$181B
| $587M | 0.1% |
5,949,500
+1,062,600
| +22% | +$114M |
|
|
152
CALL
iShares Bitcoin Trust
IBIT
$48.4B
| $581M | 0.1% |
12,403,900
-4,552,900
| -27% | -$241M |
|
153
PUT
Carvana
CVNA
$77.9B
| $578M | 0.1% |
13,819,000
-3,013,500
| -18% | -$133M |
|
154
CALL
VanEck Gold Miners ETF
GDX
$27.4B
| $577M | 0.1% |
12,541,200
-11,137,100
| -47% | -$450M |
|
155
PUT
IBM
IBM
$224B
| $574M | 0.1% |
2,310,200
-201,700
| -8% | -$49.3M |
|
156
PUT
Mastercard
MA
$493B
| $566M | 0.1% |
1,033,200
+48,200
| +5% | +$26.2M |
|
157
PUT
Johnson & Johnson
JNJ
$625B
| $563M | 0.1% |
3,395,700
+904,500
| +36% | +$142M |
|
158
CALL
McDonald's
MCD
$195B
| $557M | 0.1% |
1,781,700
-1,270,300
| -42% | -$380M |
|
159
CALL
Merck
MRK
$318B
| $557M | 0.1% |
6,200,200
+2,369,500
| +62% | +$221M |
|
|
160
CALL
Mastercard
MA
$493B
| $555M | 0.09% |
1,013,100
-326,300
| -24% | -$178M |
|
161
CALL
AT&T
T
$163B
| $551M | 0.09% |
19,499,500
+3,479,900
| +22% | +$87.5M |
|
162
PUT
Qualcomm
QCOM
$176B
| $542M | 0.09% |
3,526,600
-2,973,000
| -46% | -$485M |
|
163
CALL
GE Vernova
GEV
$264B
| $540M | 0.09% |
1,769,300
+699,600
| +65% | +$244M |
|
164
PUT
Snowflake
SNOW
$115B
| $534M | 0.09% |
3,651,700
+96,000
| +3% | +$16.3M |
|
|
165
TSMC
TSM
$2.18T
| $529M | 0.09% |
3,188,484
+3,108,423
| +3,883% | +$604M |
|
166
CALL
Amgen
AMGN
$222B
| $527M | 0.09% |
1,691,800
+658,100
| +64% | +$194M |
|
167
CALL
Caterpillar
CAT
$387B
| $523M | 0.09% |
1,587,200
+549,200
| +53% | +$196M |
|
168
PUT
Wells Fargo
WFC
$264B
| $523M | 0.09% |
7,279,800
-927,300
| -11% | -$69.6M |
|
169
PUT
ProShares UltraPro QQQ
TQQQ
$37.4B
| $520M | 0.09% |
18,161,200
-5,558,000
| -23% | -$211M |
|
170
PUT
AbbVie
ABBV
$435B
| $513M | 0.09% |
2,446,300
-148,800
| -6% | -$28.9M |
|
171
CALL
Mercado Libre
MELI
$92.3B
| $509M | 0.09% |
261,100
-41,600
| -14% | -$82.6M |
|
172
CALL
Cisco
CSCO
$479B
| $508M | 0.09% |
8,230,300
+1,857,200
| +29% | +$114M |
|
173
CALL
Intuit
INTU
$89B
| $507M | 0.09% |
825,500
+58,600
| +8% | +$35.2M |
|
174
CALL
Hilton Worldwide
HLT
$71.5B
| $507M | 0.09% |
2,227,300
+1,168,800
| +110% | +$291M |
|
175
PUT
Arm
ARM
$302B
| $506M | 0.09% |
4,736,700
-644,500
| -12% | -$89.9M |
|
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.