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 | |
|---|---|---|---|---|---|---|
1726
PUT
Toronto Dominion Bank
TD
$204B
| $20.3M | ﹤0.01% |
339,000
+40,800
| +14% | +$2.38M |
|
1727
PUT
Lear
LEA
$8.16B
| $20.3M | ﹤0.01% |
230,000
+42,100
| +22% | +$3.99M |
|
1728
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $20.3M | ﹤0.01% |
106,400
+45,600
| +75% | +$8.82M |
|
1729
PUT
PENN Entertainment
PENN
$2.57B
| $20.2M | ﹤0.01% |
1,241,200
-120,400
| -9% | -$2.35M |
|
1730
Rubrik
RBRK
$21.6B
| $20.2M | ﹤0.01% |
330,764
+283,305
| +597% | +$19.3M |
|
1731
PUT
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.9B
| $20.2M | ﹤0.01% |
+389,300
| New | +$21.7M |
|
|
SEE
1732
PUT
DELISTED
Sealed Air
SEE
| $20.1M | ﹤0.01% |
694,500
+683,900
| +6,452% | +$22.4M |
|
1733
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$103M
| $20.1M | ﹤0.01% |
1,024,900
-835,300
| -45% | -$23M |
|
1734
CALL
Public Service Enterprise Group
PEG
$37.8B
| $20M | ﹤0.01% |
243,600
-176,000
| -42% | -$14.7M |
|
1735
NetEase
NTES
$79.5B
| $20M | ﹤0.01% |
194,638
+118,861
| +157% | +$12M |
|
1736
CALL
VeriSign
VRSN
$25.6B
| $20M | ﹤0.01% |
78,900
+30,900
| +64% | +$7.02M |
|
1737
CALL
Granite Construction
GVA
$5.41B
| $20M | ﹤0.01% |
265,600
-22,500
| -8% | -$1.88M |
|
1738
PUT
Markel Group
MKL
$22.8B
| $20M | ﹤0.01% |
10,700
+600
| +6% | +$1.1M |
|
1739
CALL
Vail Resorts
MTN
$5.29B
| $20M | ﹤0.01% |
124,900
-42,000
| -25% | -$6.98M |
|
|
PARA
1740
CALL
DELISTED
Paramount Global Class B
PARA
| $20M | ﹤0.01% |
1,671,100
-976,800
| -37% | -$10.9M |
|
1741
Modine Manufacturing
MOD
$10.6B
| $20M | ﹤0.01% |
260,088
+186,795
| +255% | +$18.4M |
|
1742
PUT
CACI
CACI
$15B
| $20M | ﹤0.01% |
54,400
+31,700
| +140% | +$12.1M |
|
1743
PUT
Dutch Bros
BROS
$8.93B
| $20M | ﹤0.01% |
323,200
+84,600
| +35% | +$5.57M |
|
1744
PUT
West Pharmaceutical
WST
$24.8B
| $19.9M | ﹤0.01% |
89,100
+28,700
| +48% | +$7.91M |
|
1745
Vertex Pharmaceuticals
VRTX
$133B
| $19.9M | ﹤0.01% |
41,121
-89,284
| -68% | -$41.6M |
|
1746
EOG Resources
EOG
$75.1B
| $19.9M | ﹤0.01% |
155,400
-217,657
| -58% | -$28M |
|
1747
CALL
Advance Auto Parts
AAP
$3.23B
| $19.9M | ﹤0.01% |
506,800
-798,800
| -61% | -$34.3M |
|
1748
CALL
Stellantis
STLA
$20.2B
| $19.9M | ﹤0.01% |
1,772,300
-130,600
| -7% | -$1.68M |
|
1749
Camtek
CAMT
$8.13B
| $19.8M | ﹤0.01% |
338,431
-115,117
| -25% | -$9.27M |
|
1750
PUT
Amphenol
APH
$204B
| $19.8M | ﹤0.01% |
302,500
+221,300
| +273% | +$15.1M |
|
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.