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 | |
|---|---|---|---|---|---|---|
1751
CALL
Penumbra
PEN
$12.9B
| $19.8M | ﹤0.01% |
74,100
+30,600
| +70% | +$8.28M |
|
1752
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.49B
| $19.8M | ﹤0.01% |
2,078,544
+110,368
| +6% | +$2.04M |
|
1753
CALL
Nasdaq
NDAQ
$53.5B
| $19.8M | ﹤0.01% |
260,400
-213,900
| -45% | -$16.8M |
|
1754
Targa Resources
TRGP
$57.6B
| $19.7M | ﹤0.01% |
98,495
-38,270
| -28% | -$7.6M |
|
1755
Cloudflare
NET
$118B
| $19.7M | ﹤0.01% |
174,502
+170,956
| +4,821% | +$22.7M |
|
1756
CALL
Starwood Property Trust
STWD
$6.09B
| $19.7M | ﹤0.01% |
994,200
+388,200
| +64% | +$7.63M |
|
1757
CALL
TE Connectivity
TEL
$62B
| $19.6M | ﹤0.01% |
139,000
+38,500
| +38% | +$5.7M |
|
1758
CALL
Boyd Gaming
BYD
$6.03B
| $19.6M | ﹤0.01% |
298,300
-25,500
| -8% | -$1.87M |
|
1759
PUT
KeyCorp
KEY
$24.5B
| $19.6M | ﹤0.01% |
1,227,400
+265,300
| +28% | +$4.5M |
|
1760
GE Aerospace
GE
$374B
| $19.6M | ﹤0.01% |
97,905
-476,453
| -83% | -$93.7M |
|
1761
Joby Aviation
JOBY
$8.17B
| $19.5M | ﹤0.01% |
3,236,857
+163,009
| +5% | +$1.22M |
|
1762
Qorvo
QRVO
$8.67B
| $19.5M | ﹤0.01% |
268,722
+211,564
| +370% | +$16.1M |
|
1763
CALL
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
$248M
| $19.5M | ﹤0.01% |
724,000
+552,000
| +321% | +$15.6M |
|
1764
CALL
Gaming and Leisure Properties
GLPI
$12.5B
| $19.4M | ﹤0.01% |
381,900
+154,600
| +68% | +$7.59M |
|
1765
Sprouts Farmers Market
SFM
$8.03B
| $19.4M | ﹤0.01% |
127,292
+68,000
| +115% | +$10.1M |
|
1766
Arch Capital
ACGL
$33.2B
| $19.4M | ﹤0.01% |
201,956
+10,048
| +5% | +$927K |
|
1767
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$623M
| $19.4M | ﹤0.01% |
318,100
-95,300
| -23% | -$8.12M |
|
1768
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.43B
| $19.4M | ﹤0.01% |
1,057,900
-1,548,500
| -59% | -$33.6M |
|
1769
Toast
TOST
$19.7B
| $19.4M | ﹤0.01% |
583,594
+576,876
| +8,587% | +$21.6M |
|
1770
PUT
Oneok
OKE
$58.3B
| $19.3M | ﹤0.01% |
194,600
-71,900
| -27% | -$7.14M |
|
1771
CALL
Bank of Montreal
BMO
$129B
| $19.3M | ﹤0.01% |
201,900
-40,500
| -17% | -$4.01M |
|
|
JNPR
1772
CALL
DELISTED
Juniper Networks
JNPR
| $19.3M | ﹤0.01% |
532,600
+98,000
| +23% | +$3.59M |
|
1773
CALL
CBRE Group
CBRE
$42.7B
| $19.3M | ﹤0.01% |
147,300
-86,200
| -37% | -$11.7M |
|
1774
CALL
Sysco
SYY
$40.5B
| $19.3M | ﹤0.01% |
256,600
-198,400
| -44% | -$14.5M |
|
|
WNS
1775
DELISTED
WNS Holdings
WNS
| $19.3M | ﹤0.01% |
313,117
+294,166
| +1,552% | +$16.8M |
|
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.