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 | |
|---|---|---|---|---|---|---|
2426
PUT
Synchrony
SYF
$26.4B
| $10.9M | ﹤0.01% |
205,000
-90,800
| -31% | -$5.62M |
|
2427
Recursion Pharmaceuticals
RXRX
$1.69B
| $10.8M | ﹤0.01% |
2,049,611
+382,622
| +23% | +$2.79M |
|
2428
PUT
Hertz
HTZ
$798M
| $10.8M | ﹤0.01% |
2,746,900
+434,100
| +19% | +$1.74M |
|
2429
CALL
Gold Fields
GFI
$36B
| $10.8M | ﹤0.01% |
489,300
-159,000
| -25% | -$2.91M |
|
2430
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$188M
| $10.8M | ﹤0.01% |
215,000
-209,200
| -49% | -$9.51M |
|
2431
PUT
Cytokinetics
CYTK
$10.3B
| $10.8M | ﹤0.01% |
268,200
+22,700
| +9% | +$1.04M |
|
2432
Northrop Grumman
NOC
$83.2B
| $10.8M | ﹤0.01% |
21,041
-45,171
| -68% | -$21.6M |
|
|
BECN
2433
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $10.8M | ﹤0.01% |
86,969
-31,142
| -26% | -$3.63M |
|
2434
PUT
Coupang
CPNG
$29B
| $10.8M | ﹤0.01% |
490,500
+118,900
| +32% | +$2.76M |
|
2435
M&T Bank
MTB
$36.7B
| $10.8M | ﹤0.01% |
60,165
-24,379
| -29% | -$4.62M |
|
2436
NuScale Power
SMR
$3.85B
| $10.8M | ﹤0.01% |
759,446
+467,037
| +160% | +$9.44M |
|
2437
CALL
Halozyme
HALO
$11.2B
| $10.7M | ﹤0.01% |
168,400
-81,800
| -33% | -$4.75M |
|
2438
Chord Energy
CHRD
$7.51B
| $10.7M | ﹤0.01% |
95,278
-4,521
| -5% | -$514K |
|
2439
PUT
Genuine Parts
GPC
$18.6B
| $10.7M | ﹤0.01% |
90,100
+2,800
| +3% | +$337K |
|
|
NVEE
2440
DELISTED
NV5 Global
NVEE
| $10.7M | ﹤0.01% |
556,809
+517,740
| +1,325% | +$9.48M |
|
2441
CALL
ARK Genomic Revolution ETF
ARKG
$1.74B
| $10.7M | ﹤0.01% |
516,500
-787,500
| -60% | -$19.8M |
|
2442
PUT
Trimble
TRMB
$13.4B
| $10.7M | ﹤0.01% |
163,300
+19,400
| +13% | +$1.39M |
|
2443
PUT
Joby Aviation
JOBY
$7.83B
| $10.7M | ﹤0.01% |
1,780,100
-478,900
| -21% | -$3.59M |
|
2444
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $10.7M | ﹤0.01% |
118,000
-33,800
| -22% | -$3.06M |
|
2445
PUT
Sarepta Therapeutics
SRPT
$1.91B
| $10.7M | ﹤0.01% |
167,400
-213,800
| -56% | -$22.5M |
|
|
HUYA
2446
PUT
Huya Inc
HUYA
$529M
| $10.7M | ﹤0.01% |
3,327,500
+3,242,500
| +3,815% | +$11.7M |
|
2447
PUT
Cincinnati Financial
CINF
$26.6B
| $10.7M | ﹤0.01% |
72,300
+42,000
| +139% | +$5.91M |
|
2448
Nextpower Inc
NXT
$15.4B
| $10.7M | ﹤0.01% |
253,409
+61,904
| +32% | +$2.75M |
|
2449
PUT
Onto Innovation
ONTO
$20.3B
| $10.7M | ﹤0.01% |
88,000
+32,500
| +59% | +$5.47M |
|
2450
CALL
Solventum
SOLV
$15.1B
| $10.7M | ﹤0.01% |
140,400
+8,100
| +6% | +$603K |
|
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.