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 | |
|---|---|---|---|---|---|---|
2501
Atmus Filtration Technologies
ATMU
$4.16B
| $13.2M | ﹤0.01% |
361,471
-82,665
| -19% | -$2.95M |
|
2502
argenx
ARGX
$53.3B
| $13.1M | ﹤0.01% |
23,790
+21,917
| +1,170% | +$12.7M |
|
2503
PUT
Sterling Infrastructure
STRL
$17.6B
| $13.1M | ﹤0.01% |
56,800
-23,200
| -29% | -$4.05M |
|
2504
PUT
Modine Manufacturing
MOD
$11.1B
| $13.1M | ﹤0.01% |
132,900
+24,700
| +23% | +$2.2M |
|
2505
Sanmina
SANM
$11.3B
| $13.1M | ﹤0.01% |
133,691
+62,717
| +88% | +$5.18M |
|
2506
CALL
ProShares UltraPro Short S&P 500
SPXU
$380M
| $13.1M | ﹤0.01% |
194,500
+76,025
| +64% | +$6.73M |
|
2507
PUT
Papa John's
PZZA
$799M
| $13.1M | ﹤0.01% |
267,000
-158,800
| -37% | -$6.48M |
|
2508
Stride
LRN
$3.46B
| $13.1M | ﹤0.01% |
89,958
-7,575
| -8% | -$1.1M |
|
2509
CALL
Crown Holdings
CCK
$12.9B
| $13.1M | ﹤0.01% |
126,800
+34,600
| +38% | +$3.3M |
|
2510
Pacer US Cash Cows 100 ETF
COWZ
$19.8B
| $13.1M | ﹤0.01% |
236,869
+169,277
| +250% | +$8.96M |
|
2511
PUT
Western Midstream Partners
WES
$20.2B
| $13M | ﹤0.01% |
337,100
+168,800
| +100% | +$6.42M |
|
2512
CALL
Tyler Technologies
TYL
$13.5B
| $13M | ﹤0.01% |
22,000
-600
| -3% | -$340K |
|
2513
PUT
Vornado Realty Trust
VNO
$7.28B
| $13M | ﹤0.01% |
341,000
+101,900
| +43% | +$3.81M |
|
2514
PUT
Macy's
M
$6.16B
| $13M | ﹤0.01% |
1,117,400
-628,900
| -36% | -$7.29M |
|
|
CMA
2515
DELISTED
Comerica
CMA
| $13M | ﹤0.01% |
218,282
+105,506
| +94% | +$5.89M |
|
2516
CALL
Zeta Global
ZETA
$7.29B
| $13M | ﹤0.01% |
839,700
+172,200
| +26% | +$2.29M |
|
2517
CALL
abrdn Physical Silver Shares ETF
SIVR
$4.49B
| $13M | ﹤0.01% |
376,500
+227,400
| +153% | +$7.29M |
|
2518
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $12.9M | ﹤0.01% |
261,800
+56,600
| +28% | +$2.63M |
|
2519
PUT
Pegasystems
PEGA
$5.31B
| $12.9M | ﹤0.01% |
238,800
+181,400
| +316% | +$8.22M |
|
2520
CALL
CDW
CDW
$17.4B
| $12.9M | ﹤0.01% |
72,200
+31,400
| +77% | +$5.33M |
|
2521
PUT
YieldMax MSTR Option Income Strategy ETF
MSTY
$723M
| $12.9M | ﹤0.01% |
116,280
+65,960
| +131% | +$7.24M |
|
2522
CALL
Takeda Pharmaceutical
TAK
$56.3B
| $12.9M | ﹤0.01% |
832,300
+810,100
| +3,649% | +$12M |
|
2523
UMB Financial
UMBF
$11.5B
| $12.9M | ﹤0.01% |
122,198
-231
| -0.2% | -$23K |
|
2524
CALL
Armstrong World Industries
AWI
$7.7B
| $12.8M | ﹤0.01% |
79,100
+75,900
| +2,372% | +$11.3M |
|
2525
M&T Bank
MTB
$36.7B
| $12.8M | ﹤0.01% |
66,099
+5,934
| +10% | +$1.05M |
|
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.