13F filer · CIK 1446194 ↗
Susquehanna International Group
You are looking at Q1 2025. See the latest, Q2 2026 →
Reported value
$585.86B
−12% on the quarter before
Positions
12,359
1,830 new · 1,539 sold out
Top 10
27.6%
of the value
Est. gain
−$2.40B
on stocks held all quarter
Est. return
−5.5%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, from Susquehanna International Group's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 39% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF Tr~$3.86BAdded · 1.5% → 2.3%+6,891,747 shares
- TeslaPUT~$3.40BAdded · 2.7% → 2.5%+13,114,400 underlying
- Invesco Qqq TrPUT~$2.73BAdded · 1.7% → 2.2%+5,811,400 underlying
- Ishares TrPUT~$2.45BAdded · 1.5% → 1.9%+12,273,900 underlying
- Invesco Qqq TrCALL~$1.67BAdded · 2.0% → 2.3%+3,571,700 underlying
- Ishares Tr~$1.64BAdded · 0.0% → 0.3%+18,067,184 shares
- Ishares TrCALL~$1.33BAdded · 0.1% → 0.3%+2,374,000 underlying
- NvidiaPUT~$1.14BAdded · 2.6% → 2.6%+10,523,800 underlying
- TeslaCALL~$829.8MAdded · 3.3% → 2.6%+3,201,800 underlying
- Select Sector SPDR TrPUT~$818.8MAdded · 0.1% → 0.2%+6,246,800 underlying
Largest sells
Since Q4 2024, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF TrPUT~$6.18BCut · 4.9% → 4.2%−11,042,500 underlying
- NvidiaCALL~$5.06BCut · 4.2% → 3.0%−46,676,400 underlying
- Ishares TrCALL~$2.42BCut · 0.7% → 0.4%−26,564,900 underlying
- Microstrategy IncPUT~$1.84BCut · 0.7% → 0.5%−6,397,100 underlying
- ApplePUT~$1.72BCut · 1.0% → 0.7%−7,735,600 underlying
- Invesco Qqq Tr~$1.16BCut · 0.5% → 0.3%−2,465,172 shares
- Apple~$1.08BCut · 0.2% → 0.1%−4,867,623 shares
- Booking Holdings IncPUT~$939.3MCut · 0.4% → 0.3%−203,900 underlying
- Microsoft~$909.8MCut · 0.2% → 0.1%−2,423,654 shares
- Booking Holdings IncCALL~$879.5MCut · 0.5% → 0.4%−190,900 underlying
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −20% | 4.2% | $24.84B | — | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares −1.0% | 3.9% | $22.68B | — | ||||||||
| NvidiaCALLCOM · shares −22% | 3.0% | $17.58B | — | ||||||||
| NvidiaPUTCOM · shares +8.1% | 2.6% | $15.26B | — | ||||||||
| TeslaCALLCOM · shares +5.9% | 2.6% | $14.96B | — | ||||||||
| TeslaPUTCOM · shares +30% | 2.5% | $14.70B | — | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares +14% | 2.3% | $13.66B | — | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares +40% · price −4.6% | 2.3% | $13.44B | −$457.3M | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +26% | 2.2% | $13.02B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares +27% | 1.9% | $11.38B | — | ||||||||
| AppleCALLCOM · shares +0.8% | 1.5% | $8.51B | — | ||||||||
| MetaCALLCL A · shares −2.1% | 1.3% | $7.88B | — | ||||||||
| MicrosoftCALLCOM · shares −7.6% | 1.2% | $6.96B | — | ||||||||
| MetaPUTCL A · shares +7.6% | 1.2% | $6.91B | — | ||||||||
| MicrosoftPUTCOM · shares −8.0% | 0.86% | $5.04B | — | ||||||||
| AmazonCALLCOM · shares −16% | 0.81% | $4.73B | — | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares −16% | 0.73% | $4.27B | — | ||||||||
| ApplePUTCOM · shares −30% | 0.69% | $4.06B | — | ||||||||
| NetflixPUTCOM · shares −12% | 0.67% | $3.95B | — | ||||||||
| Ishares TrPUT20 YR TR BD ETF · shares +3.2% | 0.59% | $3.43B | — | ||||||||
| NetflixCALLCOM · shares −2.6% | 0.58% | $3.38B | — | ||||||||
| AmazonPUTCOM · shares −1.6% | 0.57% | $3.37B | — | ||||||||
| AlphabetCALLCAP STK CL A · shares +14% | 0.56% | $3.29B | — | ||||||||
| Microstrategy IncPUTCL A NEW · shares −38% | 0.51% | $3.01B | — | ||||||||
| Costco Whsl Corp NewPUTCOM · shares −14% | 0.51% | $2.97B | — | ||||||||
| Total · 12,359 positions | 100% | $585.86B | −$2.40B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q4 2024 to Q1 2025: 5,201 stocks held throughout, down $2.40B (−5.5%).
- Alibaba+$66.7M+56%
- Abercrombie & Fitch Co25:1 split+$50.5M+1,177%
- Cvs Health Corp+$49.1M+51%
- Finvolution Group+$46.8M+42%
- Credo Technology Group Holdi18:1 split+$46.3M+976%
- Ishares Tr−$149.0M−10%
- Invesco Qqq Tr−$151.0M−8%
- Nvidia−$244.0M−19%
- Tesla−$259.8M−36%
- SPDR S&P 500 ETF Tr−$457.3M−5%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 54 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $1.28T+44% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $893.33B+3% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $868.03B−1% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $874.95B+22% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $719.81B+23% | SEC ↗ |
| Q1 2025 | May 14, 2025 | $585.86B−12% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $662.68B+16% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $572.47B+7% | SEC ↗ |
| Q2 2024 | Aug 15, 2024 | $537.09B−7% | SEC ↗ |
| Q1 2024 | May 7, 2024 | $575.88B+10% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $525.27B+9% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $480.51B−2% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $491.76B+5% | SEC ↗ |
| Q1 2023 | May 16, 2023 | $470.25B+19% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $395.43B+2% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $386.87B−4% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $404.34B−30% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $578.33B−83% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 (amended) | $3.33T+347% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $745.49B+5% | SEC ↗ |
| Q2 2021 | Aug 11, 2021 | $711.63B+12% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $633.96B−48% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 (amended) | $1.22T+135% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $522.16B+26% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $414.75B+32% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $314.34B−10% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $347.40B+16% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $298.42B−63% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 (amended) | $806.87B+232% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $243.35B−3% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $251.71B−17% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $303.72B+4% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $291.34B+4% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $280.58B−1% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $283.44B+10% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 (amended) | $258.79B+14% | SEC ↗ |
| Q2 2017 | Aug 15, 2017 | $227.60B+15% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $197.71B+0% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $197.00B−5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $207.12B+11% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $186.53B−1% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $187.94B | SEC ↗ |