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 |
Apple
AAPL
|
+$680M |
| 2 |
Microsoft
MSFT
|
+$506M |
| 3 |
UnitedHealth
UNH
|
+$393M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$381M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5.24B |
| 2 |
Tesla
TSLA
|
+$450M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$444M |
| 4 |
TSMC
TSM
|
+$432M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.79% |
| 2 | Consumer Discretionary | 0.82% |
| 3 | Financials | 0.79% |
| 4 | Healthcare | 0.66% |
| 5 | Industrials | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Caterpillar
CAT
$393B
| $480M | 0.07% |
1,235,400
+125,900
| +11% | +$42M |
|
227
Micron Technology
MU
$1.03T
| $479M | 0.07% |
3,888,341
-174,160
| -4% | -$16.3M |
|
228
CALL
Lam Research
LRCX
$408B
| $479M | 0.07% |
4,920,600
-997,900
| -17% | -$79.1M |
|
229
CALL
Zscaler
ZS
$28.7B
| $478M | 0.07% |
1,522,600
-196,600
| -11% | -$49M |
|
230
CALL
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $475M | 0.07% |
3,748,800
+578,400
| +18% | +$64.2M |
|
231
PUT
Chipotle Mexican Grill
CMG
$41.3B
| $473M | 0.07% |
8,423,700
-1,005,900
| -11% | -$51.2M |
|
|
XYZ
232
CALL
Block Inc
XYZ
$47B
| $473M | 0.07% |
6,960,900
+812,800
| +13% | +$47.3M |
|
233
PUT
United Airlines
UAL
$40.6B
| $465M | 0.06% |
5,835,400
-496,600
| -8% | -$36.6M |
|
234
PUT
Cameco
CCJ
$43.1B
| $463M | 0.06% |
6,238,400
+92,300
| +2% | +$4.93M |
|
235
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.68B
| $462M | 0.06% |
3,675,500
+209,400
| +6% | +$25.1M |
|
236
CALL
lululemon athletica
LULU
$13.7B
| $457M | 0.06% |
1,925,100
+168,100
| +10% | +$46.3M |
|
237
PUT
State Street SPDR S&P Retail ETF
XRT
$639M
| $454M | 0.06% |
5,895,100
-84,100
| -1% | -$6.1M |
|
238
Coinbase
COIN
$39.3B
| $454M | 0.06% |
1,295,476
+1,018,041
| +367% | +$238M |
|
239
CALL
Blackrock
BLK
$180B
| $450M | 0.06% |
428,800
+21,400
| +5% | +$20.2M |
|
240
CALL
NextEra Energy
NEE
$179B
| $448M | 0.06% |
6,451,700
+2,267,700
| +54% | +$158M |
|
241
CALL
McDonald's
MCD
$195B
| $443M | 0.06% |
1,517,100
-264,600
| -15% | -$81.6M |
|
242
PUT
PepsiCo
PEP
$189B
| $438M | 0.06% |
3,319,900
+1,914,200
| +136% | +$258M |
|
243
CALL
Constellation Energy
CEG
$98.7B
| $435M | 0.06% |
1,348,600
+125,500
| +10% | +$33.2M |
|
|
244
Berkshire Hathaway Class B
BRK.B
$1.09T
| $434M | 0.06% |
894,345
+749,372
| +517% | +$381M |
|
245
PUT
iShares Semiconductor ETF
SOXX
$46.2B
| $428M | 0.06% |
1,793,400
+40,400
| +2% | +$8.1M |
|
|
246
PUT
Lam Research
LRCX
$408B
| $428M | 0.06% |
4,395,400
-511,200
| -10% | -$40.5M |
|
247
CALL
Dell
DELL
$313B
| $427M | 0.06% |
3,485,600
-963,600
| -22% | -$98.5M |
|
248
CALL
Amgen
AMGN
$225B
| $424M | 0.06% |
1,519,900
-171,900
| -10% | -$48.7M |
|
249
PUT
Applied Materials
AMAT
$435B
| $424M | 0.06% |
2,315,200
-385,400
| -14% | -$61.1M |
|
250
PUT
Shopify
SHOP
$194B
| $423M | 0.06% |
3,670,500
+591,000
| +19% | +$59.1M |
|
Similar funds
Susquehanna International Group's Q2 2025 Portfolio in Review
As of Q2 2025, Susquehanna International Group held 14,080 positions worth $720B, up 23% from $586B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Susquehanna International Group deployed $32.3B of net new capital in Q2 2025, opening 1,720 new positions and adding to 5,716 existing holdings. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B trimmed.
- Susquehanna International Group's largest Q2 2025 buy was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
- Susquehanna International Group added most to Apple in Q2 2025, an estimated $680M increase.
- Susquehanna International Group's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $5.24B.
- Susquehanna International Group fully exited Vanguard Intermediate-Term Bond ETF in Q2 2025, selling an estimated $61.8M.
- Susquehanna International Group's ten largest holdings make up 26% of its $720B portfolio in Q2 2025.
- Susquehanna International Group opened 1,720 new positions and closed 1,538 in Q2 2025.
- Susquehanna International Group's portfolio value rose 23% quarter-over-quarter to $720B.
Based on Susquehanna International Group's 13F filing for Q2 2025, filed 14 Aug 2025.