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 | |
|---|---|---|---|---|---|---|
2101
PUT
Norfolk Southern
NSC
$75.8B
| $14.2M | ﹤0.01% |
59,800
-26,400
| -31% | -$6.43M |
|
|
PPL
2102
PUT
PPL Corp
PPL
$27B
| $14.2M | ﹤0.01% |
392,000
+200,900
| +105% | +$6.81M |
|
2103
CALL
Molson Coors Class B
TAP
$7.91B
| $14.2M | ﹤0.01% |
232,500
-188,400
| -45% | -$10.8M |
|
2104
CALL
Transocean
RIG
$6.46B
| $14.1M | ﹤0.01% |
4,463,000
-1,147,400
| -20% | -$4.02M |
|
2105
PUT
Kinsale Capital Group
KNSL
$8.67B
| $14.1M | ﹤0.01% |
29,000
-9,100
| -24% | -$4.08M |
|
2106
Take-Two Interactive
TTWO
$46.3B
| $14.1M | ﹤0.01% |
68,058
-167,891
| -71% | -$33.5M |
|
2107
Ulta Beauty
ULTA
$21.9B
| $14.1M | ﹤0.01% |
38,469
-31,776
| -45% | -$12.1M |
|
2108
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$427M
| $14.1M | ﹤0.01% |
520,600
+37,400
| +8% | +$1.02M |
|
2109
PUT
Vanguard High Dividend Yield ETF
VYM
$84B
| $14.1M | ﹤0.01% |
109,200
-11,000
| -9% | -$1.44M |
|
2110
AutoZone
AZO
$49.8B
| $14.1M | ﹤0.01% |
3,693
-9,481
| -72% | -$32.7M |
|
2111
CALL
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.2B
| $14.1M | ﹤0.01% |
306,800
+219,200
| +250% | +$11.4M |
|
2112
CALL
Dave Inc
DAVE
$4.42B
| $14.1M | ﹤0.01% |
170,200
-9,500
| -5% | -$890K |
|
2113
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.9B
| $14.1M | ﹤0.01% |
206,655
+125,953
| +156% | +$9.4M |
|
2114
CALL
Hubbell
HUBB
$26.9B
| $14.1M | ﹤0.01% |
42,500
+15,300
| +56% | +$5.92M |
|
2115
CALL
Aecom
ACM
$8.2B
| $14.1M | ﹤0.01% |
151,600
+24,400
| +19% | +$2.48M |
|
2116
CALL
iShares TIPS Bond ETF
TIP
$14.7B
| $14M | ﹤0.01% |
126,400
-344,100
| -73% | -$37.4M |
|
2117
Spectrum Brands
SPB
$2.06B
| $14M | ﹤0.01% |
196,136
+58,217
| +42% | +$4.57M |
|
2118
PUT
iShares Gold Trust
IAU
$65.1B
| $14M | ﹤0.01% |
237,900
+17,300
| +8% | +$936K |
|
2119
PUT
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$581M
| $14M | ﹤0.01% |
225,200
+118,800
| +112% | +$9.3M |
|
2120
PUT
Dominion Energy
D
$60.5B
| $14M | ﹤0.01% |
249,900
-197,100
| -44% | -$10.8M |
|
2121
CALL
BWX Technologies
BWXT
$15.8B
| $14M | ﹤0.01% |
141,800
-133,500
| -48% | -$14.5M |
|
2122
CALL
AerCap
AER
$23.8B
| $14M | ﹤0.01% |
136,700
-60,000
| -31% | -$5.94M |
|
2123
PUT
Sweetgreen
SG
$727M
| $14M | ﹤0.01% |
557,800
+75,700
| +16% | +$2.09M |
|
2124
CALL
iShares National Muni Bond ETF
MUB
$45.9B
| $13.9M | ﹤0.01% |
132,300
+125,800
| +1,935% | +$13.4M |
|
2125
PUT
Molina Healthcare
MOH
$11B
| $13.9M | ﹤0.01% |
42,300
-36,900
| -47% | -$11.1M |
|
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.