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 | |
|---|---|---|---|---|---|---|
2376
CALL
Bath & Body Works
BBWI
$3.91B
| $11.2M | ﹤0.01% |
370,500
-260,200
| -41% | -$9.21M |
|
2377
Maplebear
CART
$11.3B
| $11.2M | ﹤0.01% |
281,474
-605,279
| -68% | -$26.9M |
|
2378
Twilio
TWLO
$36.6B
| $11.2M | ﹤0.01% |
114,653
-280,506
| -71% | -$33.2M |
|
2379
iShares MSCI EAFE Value ETF
EFV
$30.1B
| $11.2M | ﹤0.01% |
+190,385
| New | +$10.8M |
|
2380
CALL
Logitech
LOGI
$14.8B
| $11.2M | ﹤0.01% |
132,900
-49,400
| -27% | -$4.65M |
|
2381
D.R. Horton
DHI
$41.6B
| $11.2M | ﹤0.01% |
88,160
-82,496
| -48% | -$11.1M |
|
2382
Royal Caribbean
RCL
$81.6B
| $11.2M | ﹤0.01% |
54,536
-55,604
| -50% | -$13.1M |
|
2383
CALL
HSBC
HSBC
$357B
| $11.2M | ﹤0.01% |
194,600
-118,000
| -38% | -$6.45M |
|
|
VSXY
2384
Victoria's Secret
VSXY
$7.08B
| $11.2M | ﹤0.01% |
601,458
+519,802
| +637% | +$15.3M |
|
2385
CALL
Weyerhaeuser
WY
$17.7B
| $11.2M | ﹤0.01% |
381,400
+238,600
| +167% | +$7.1M |
|
|
CTRA
2386
DELISTED
Coterra Energy
CTRA
| $11.2M | ﹤0.01% |
385,989
-340,268
| -47% | -$9.49M |
|
2387
PUT
Medpace
MEDP
$16.1B
| $11.2M | ﹤0.01% |
36,600
-2,100
| -5% | -$706K |
|
2388
Argan
AGX
$8.11B
| $11.1M | ﹤0.01% |
84,985
+47,402
| +126% | +$6.62M |
|
|
EA
2389
DELISTED
Electronic Arts
EA
| $11.1M | ﹤0.01% |
77,068
-75,101
| -49% | -$10.1M |
|
2390
CALL
Baxter International
BAX
$13.8B
| $11.1M | ﹤0.01% |
325,300
-43,800
| -12% | -$1.43M |
|
2391
CALL
ProShares Ultra Gold
UGL
$801M
| $11.1M | ﹤0.01% |
346,000
+126,800
| +58% | +$3.49M |
|
2392
PUT
Boston Beer
SAM
$1.91B
| $11.1M | ﹤0.01% |
46,600
-22,000
| -32% | -$5.36M |
|
|
EXAS
2393
PUT
DELISTED
Exact Sciences
EXAS
| $11.1M | ﹤0.01% |
257,000
-92,400
| -26% | -$4.68M |
|
2394
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$105M
| $11.1M | ﹤0.01% |
568,000
-200,400
| -26% | -$5.53M |
|
2395
CALL
Summit Therapeutics
SMMT
$10.6B
| $11.1M | ﹤0.01% |
574,800
+181,700
| +46% | +$3.65M |
|
2396
CALL
Arch Capital
ACGL
$33.7B
| $11.1M | ﹤0.01% |
115,200
+31,200
| +37% | +$2.88M |
|
2397
PUT
McCormick & Company Non-Voting
MKC
$14.7B
| $11.1M | ﹤0.01% |
134,600
-41,600
| -24% | -$3.26M |
|
2398
Liquidia Corp
LQDA
$6.66B
| $11.1M | ﹤0.01% |
750,787
+404,133
| +117% | +$5.89M |
|
|
STR
2399
DELISTED
Sitio Royalties
STR
| $11.1M | ﹤0.01% |
557,218
+465,653
| +509% | +$9.42M |
|
2400
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $11.1M | ﹤0.01% |
241,668
-7,865
| -3% | -$388K |
|
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.