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 | |
|---|---|---|---|---|---|---|
2551
Baker Hughes
BKR
$64.3B
| $12.5M | ﹤0.01% |
327,154
-298,174
| -48% | -$11.3M |
|
2552
PennyMac Financial
PFSI
$4.05B
| $12.5M | ﹤0.01% |
125,676
+65,168
| +108% | +$6.32M |
|
|
ROBN
2553
CALL
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$101M
| $12.5M | ﹤0.01% |
+239,200
| New | +$5.61M |
|
2554
PUT
Viatris
VTRS
$18.6B
| $12.5M | ﹤0.01% |
1,401,200
+132,600
| +10% | +$1.12M |
|
2555
CALL
Cognizant
CTSH
$26.5B
| $12.5M | ﹤0.01% |
160,300
-184,600
| -54% | -$14.1M |
|
2556
CALL
CACI
CACI
$14.8B
| $12.5M | ﹤0.01% |
26,200
-7,700
| -23% | -$3.41M |
|
|
2557
Viatris
VTRS
$18.6B
| $12.5M | ﹤0.01% |
1,397,472
-688,212
| -33% | -$5.82M |
|
2558
CALL
Global X Copper Miners ETF NEW
COPX
$7.98B
| $12.5M | ﹤0.01% |
277,300
-262,800
| -49% | -$10.5M |
|
|
HUT
2559
Hut 8
HUT
$10.5B
| $12.5M | ﹤0.01% |
670,351
+176,504
| +36% | +$2.63M |
|
2560
PUT
Restaurant Brands International
QSR
$27.1B
| $12.5M | ﹤0.01% |
187,900
-68,400
| -27% | -$4.57M |
|
2561
Liquidia Corp
LQDA
$6.66B
| $12.5M | ﹤0.01% |
999,609
+248,822
| +33% | +$3.68M |
|
2562
PUT
Watsco Inc
WSO
$12.9B
| $12.5M | ﹤0.01% |
28,200
+18,400
| +188% | +$8.54M |
|
2563
CALL
New York Times
NYT
$10.4B
| $12.4M | ﹤0.01% |
222,200
+89,600
| +68% | +$4.75M |
|
2564
KraneShares Public-Private Emerging Markets Internet and Technology ETF
KEMQ
$26.2M
| $12.4M | ﹤0.01% |
552,271
+1,005
| +0.2% | +$19.8K |
|
2565
CALL
Knight Transportation
KNX
$11.8B
| $12.4M | ﹤0.01% |
281,000
+149,800
| +114% | +$6.37M |
|
2566
Old National Bancorp
ONB
$10.4B
| $12.4M | ﹤0.01% |
582,286
-1,770
| -0.3% | -$36.6K |
|
2567
American Electric Power
AEP
$68.4B
| $12.4M | ﹤0.01% |
119,505
+27,714
| +30% | +$2.88M |
|
2568
Martin Marietta Materials
MLM
$32.9B
| $12.4M | ﹤0.01% |
22,564
+16,630
| +280% | +$8.79M |
|
2569
PUT
Natera
NTRA
$44.7B
| $12.4M | ﹤0.01% |
73,300
-91,300
| -55% | -$14.2M |
|
2570
CALL
Incyte
INCY
$24.4B
| $12.4M | ﹤0.01% |
181,700
+55,800
| +44% | +$3.54M |
|
2571
PUT
Darling Ingredients
DAR
$10.6B
| $12.3M | ﹤0.01% |
325,400
+109,800
| +51% | +$3.61M |
|
2572
Arch Capital
ACGL
$33.7B
| $12.3M | ﹤0.01% |
135,575
-66,381
| -33% | -$6.13M |
|
2573
Johnson Controls International
JCI
$93.1B
| $12.3M | ﹤0.01% |
116,692
+54,453
| +87% | +$5.01M |
|
2574
CALL
CenterPoint Energy
CNP
$26.9B
| $12.3M | ﹤0.01% |
335,400
+71,000
| +27% | +$2.63M |
|
2575
Cheesecake Factory
CAKE
$5.64B
| $12.3M | ﹤0.01% |
196,531
+137,559
| +233% | +$7.32M |
|
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.