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 | |
|---|---|---|---|---|---|---|
2476
PUT
Weibo
WB
$1.88B
| $13.4M | ﹤0.01% |
1,404,400
-916,300
| -39% | -$8.05M |
|
2477
CALL
Corcept Therapeutics
CORT
$12.4B
| $13.4M | ﹤0.01% |
182,100
-105,700
| -37% | -$7.66M |
|
2478
CALL
Calumet Specialty Products
CLMT
$4.19B
| $13.3M | ﹤0.01% |
847,000
-499,200
| -37% | -$6.35M |
|
2479
PUT
ARK Genomic Revolution ETF
ARKG
$1.74B
| $13.3M | ﹤0.01% |
547,700
+62,700
| +13% | +$1.37M |
|
2480
CALL
MACOM Technology Solutions
MTSI
$24.2B
| $13.3M | ﹤0.01% |
93,000
+31,800
| +52% | +$3.72M |
|
2481
PUT
Keurig Dr Pepper
KDP
$42.8B
| $13.3M | ﹤0.01% |
402,800
-560,100
| -58% | -$18.9M |
|
2482
Stanley Black & Decker
SWK
$15.4B
| $13.3M | ﹤0.01% |
196,539
+130,348
| +197% | +$8.41M |
|
2483
PUT
BlackSky Technology
BKSY
$1.27B
| $13.3M | ﹤0.01% |
646,400
+497,200
| +333% | +$5.35M |
|
2484
MetLife
MET
$62.1B
| $13.3M | ﹤0.01% |
165,417
+51,238
| +45% | +$3.95M |
|
2485
Darling Ingredients
DAR
$10.6B
| $13.3M | ﹤0.01% |
350,587
+159,514
| +83% | +$5.25M |
|
2486
Centrus Energy
LEU
$3.79B
| $13.3M | ﹤0.01% |
72,520
+49,869
| +220% | +$5.32M |
|
2487
iShares Core MSCI International Developed Markets ETF
IDEV
$32.7B
| $13.3M | ﹤0.01% |
+174,660
| New | +$12.6M |
|
2488
Zoetis
ZTS
$30.5B
| $13.3M | ﹤0.01% |
85,085
-43,828
| -34% | -$6.95M |
|
2489
PUT
Vanguard Dividend Appreciation ETF
VIG
$114B
| $13.2M | ﹤0.01% |
64,700
+15,300
| +31% | +$2.97M |
|
2490
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $13.2M | ﹤0.01% |
221,700
-57,400
| -21% | -$3.28M |
|
2491
PUT
IES Holdings
IESC
$15.1B
| $13.2M | ﹤0.01% |
44,700
+8,800
| +25% | +$2.07M |
|
2492
PUT
Keysight
KEYS
$61.1B
| $13.2M | ﹤0.01% |
80,800
-57,500
| -42% | -$8.76M |
|
2493
PUT
Sysco
SYY
$39.7B
| $13.2M | ﹤0.01% |
174,800
-6,400
| -4% | -$465K |
|
2494
PUT
Tencent Music
TME
$14.5B
| $13.2M | ﹤0.01% |
678,000
+315,800
| +87% | +$4.96M |
|
2495
Primoris Services
PRIM
$4.48B
| $13.2M | ﹤0.01% |
169,378
+6,602
| +4% | +$447K |
|
2496
CALL
Klaviyo
KVYO
$5.26B
| $13.2M | ﹤0.01% |
393,000
-106,900
| -21% | -$3.39M |
|
2497
iShares Expanded Tech-Software Sector ETF
IGV
$14.9B
| $13.2M | ﹤0.01% |
120,430
-108,287
| -47% | -$10.7M |
|
2498
Regions Financial
RF
$27.2B
| $13.2M | ﹤0.01% |
560,490
+80,062
| +17% | +$1.69M |
|
2499
PUT
Kratos Defense & Security Solutions
KTOS
$12.1B
| $13.2M | ﹤0.01% |
283,600
+143,900
| +103% | +$5.21M |
|
2500
PUT
Elbit Systems
ESLT
$36.7B
| $13.2M | ﹤0.01% |
29,300
+25,700
| +714% | +$10.4M |
|
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.