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 | |
|---|---|---|---|---|---|---|
2526
Fabrinet
FN
$20.4B
| $12.8M | ﹤0.01% |
43,500
-13,988
| -24% | -$3.12M |
|
|
TPC
2527
PUT
Tutor Perini Cor
TPC
$5.09B
| $12.8M | ﹤0.01% |
273,600
+41,400
| +18% | +$1.32M |
|
2528
CALL
M/I Homes
MHO
$3.85B
| $12.8M | ﹤0.01% |
114,100
+5,400
| +5% | +$586K |
|
2529
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $12.8M | ﹤0.01% |
176,900
+79,075
| +81% | +$6.18M |
|
2530
PUT
Urban Outfitters
URBN
$6.66B
| $12.7M | ﹤0.01% |
175,700
+111,000
| +172% | +$6.67M |
|
2531
Capital Group Growth ETF
CGGR
$25.1B
| $12.7M | ﹤0.01% |
313,311
+297,971
| +1,942% | +$10.9M |
|
2532
CALL
Applied Optoelectronics
AAOI
$12.7B
| $12.7M | ﹤0.01% |
495,100
+250,000
| +102% | +$4.04M |
|
2533
PUT
Warrior Met Coal
HCC
$5.19B
| $12.7M | ﹤0.01% |
277,500
+64,700
| +30% | +$3M |
|
2534
CALL
Rithm Capital
RITM
$5.79B
| $12.7M | ﹤0.01% |
1,125,400
-30,500
| -3% | -$336K |
|
2535
Iron Mountain
IRM
$38.5B
| $12.7M | ﹤0.01% |
123,770
+55,956
| +83% | +$5.27M |
|
2536
iShares Global 100 ETF
IOO
$9.42B
| $12.7M | ﹤0.01% |
117,679
+82,154
| +231% | +$8.16M |
|
2537
PUT
Credit Acceptance
CACC
$6.1B
| $12.7M | ﹤0.01% |
24,900
+20,700
| +493% | +$10.2M |
|
2538
PUT
Star Bulk Carriers
SBLK
$3.24B
| $12.7M | ﹤0.01% |
734,900
+222,900
| +44% | +$3.47M |
|
2539
PUT
Cracker Barrel
CBRL
$1.29B
| $12.7M | ﹤0.01% |
207,500
-61,400
| -23% | -$3.09M |
|
2540
CALL
Birkenstock
BIRK
$7B
| $12.7M | ﹤0.01% |
257,600
+226,600
| +731% | +$11.6M |
|
2541
CALL
KB Home
KBH
$3.44B
| $12.6M | ﹤0.01% |
238,800
-432,700
| -64% | -$23M |
|
2542
CALL
ARK 21Shares Bitcoin ETF
ARKB
$2.4B
| $12.6M | ﹤0.01% |
352,600
+98,500
| +39% | +$3.23M |
|
2543
PUT
Aramark
ARMK
$16.4B
| $12.6M | ﹤0.01% |
300,900
+251,000
| +503% | +$9.32M |
|
2544
Antero Resources
AR
$11.5B
| $12.6M | ﹤0.01% |
312,731
+139,437
| +80% | +$5.28M |
|
2545
PUT
JetBlue
JBLU
$2.13B
| $12.6M | ﹤0.01% |
2,976,100
+1,298,400
| +77% | +$5.81M |
|
2546
American Tower
AMT
$81.8B
| $12.6M | ﹤0.01% |
56,900
+18,282
| +47% | +$3.95M |
|
2547
PUT
Nasdaq
NDAQ
$54.2B
| $12.6M | ﹤0.01% |
140,600
-76,500
| -35% | -$6.11M |
|
2548
CALL
Willis Towers Watson
WTW
$30.8B
| $12.6M | ﹤0.01% |
41,000
-80,600
| -66% | -$25M |
|
2549
Capital Group Dividend Value ETF
CGDV
$38.8B
| $12.5M | ﹤0.01% |
317,753
-262,763
| -45% | -$9.52M |
|
2550
Expedia Group
EXPE
$39.9B
| $12.5M | ﹤0.01% |
74,374
-88,633
| -54% | -$14.4M |
|
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.