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 | |
|---|---|---|---|---|---|---|
1776
CALL
Scotiabank
BNS
$110B
| $19.2M | ﹤0.01% |
405,100
+209,900
| +108% | +$10.5M |
|
1777
CALL
BioMarin Pharmaceuticals
BMRN
$13.6B
| $19.2M | ﹤0.01% |
271,600
-274,100
| -50% | -$18.4M |
|
1778
Spotify
SPOT
$101B
| $19.1M | ﹤0.01% |
34,756
+25,678
| +283% | +$14.4M |
|
1779
PUT
DuPont de Nemours
DD
$19.5B
| $19.1M | ﹤0.01% |
203,469
-168,893
| -45% | -$16.5M |
|
1780
US Bancorp
USB
$101B
| $19.1M | ﹤0.01% |
451,497
-334,509
| -43% | -$15.4M |
|
1781
PUT
Annaly Capital Management
NLY
$17.4B
| $19.1M | ﹤0.01% |
938,000
-354,000
| -27% | -$7.29M |
|
1782
Alnylam Pharmaceuticals
ALNY
$30.4B
| $19M | ﹤0.01% |
70,465
+59,648
| +551% | +$15.3M |
|
1783
PUT
Vail Resorts
MTN
$5.29B
| $19M | ﹤0.01% |
118,600
-3,500
| -3% | -$582K |
|
1784
CALL
Centene
CNC
$33.1B
| $19M | ﹤0.01% |
312,600
-137,400
| -31% | -$8.3M |
|
1785
Rocket Lab Corp
RKLB
$51.2B
| $18.9M | ﹤0.01% |
1,058,831
+896,187
| +551% | +$21.5M |
|
1786
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$516M
| $18.9M | ﹤0.01% |
307,900
+101,000
| +49% | +$4.99M |
|
|
X
1787
DELISTED
US Steel
X
| $18.9M | ﹤0.01% |
446,773
-2,155,817
| -83% | -$81.6M |
|
1788
Criteo S.A. Ordinary Shares
CRTO
$872M
| $18.9M | ﹤0.01% |
532,623
-577,574
| -52% | -$22.4M |
|
1789
PUT
Comfort Systems
FIX
$60.8B
| $18.9M | ﹤0.01% |
58,500
+35,000
| +149% | +$14.1M |
|
1790
PUT
Alpha Metallurgical Resources
AMR
$2.02B
| $18.8M | ﹤0.01% |
150,000
+11,000
| +8% | +$1.79M |
|
1791
CALL
Quantum Computing Inc
QUBT
$2.02B
| $18.8M | ﹤0.01% |
2,347,100
-1,698,500
| -42% | -$14.9M |
|
1792
CALL
Universal Health Services
UHS
$10.2B
| $18.8M | ﹤0.01% |
99,900
+62,200
| +165% | +$11.3M |
|
|
CYBR
1793
PUT
DELISTED
CyberArk
CYBR
| $18.8M | ﹤0.01% |
55,500
+1,600
| +3% | +$575K |
|
1794
CALL
Alexandria Real Estate Equities
ARE
$8.27B
| $18.7M | ﹤0.01% |
202,600
+97,000
| +92% | +$9.5M |
|
1795
PUT
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$226M
| $18.7M | ﹤0.01% |
434,900
+12,600
| +3% | +$507K |
|
1796
CALL
Wingstop
WING
$3.05B
| $18.7M | ﹤0.01% |
83,000
-127,900
| -61% | -$33.3M |
|
1797
CALL
Corteva
CTVA
$50.4B
| $18.7M | ﹤0.01% |
297,400
+35,300
| +13% | +$2.18M |
|
1798
CALL
Direxion Daily Technology Bear 3x ETF
TECS
$58.9M
| $18.7M | ﹤0.01% |
29,570
+8,270
| +39% | +$4.18M |
|
1799
CALL
Bunge Global
BG
$21.5B
| $18.7M | ﹤0.01% |
244,700
-233,400
| -49% | -$17.5M |
|
1800
CALL
Commault Systems
CVLT
$6.26B
| $18.7M | ﹤0.01% |
118,300
+60,900
| +106% | +$10M |
|
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.