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 | |
|---|---|---|---|---|---|---|
2601
Verra Mobility
VRRM
$717M
| $12M | ﹤0.01% |
472,281
+145,545
| +45% | +$3.39M |
|
2602
CALL
Recursion Pharmaceuticals
RXRX
$1.69B
| $12M | ﹤0.01% |
2,369,700
+946,600
| +67% | +$4.65M |
|
2603
CALL
Innodata
INOD
$2.09B
| $12M | ﹤0.01% |
234,000
-188,600
| -45% | -$7.44M |
|
2604
CALL
iShares US Medical Devices ETF
IHI
$3.46B
| $12M | ﹤0.01% |
191,100
+61,100
| +47% | +$3.67M |
|
2605
PUT
Solventum
SOLV
$15.1B
| $12M | ﹤0.01% |
157,800
+300
| +0.2% | +$21.2K |
|
|
CNR
2606
Core Natural Resources Inc
CNR
$4.76B
| $12M | ﹤0.01% |
171,566
-14,744
| -8% | -$1.05M |
|
2607
CALL
Dave & Buster's
PLAY
$354M
| $12M | ﹤0.01% |
397,700
+89,600
| +29% | +$2.02M |
|
2608
PUT
Tractor Supply
TSCO
$18.7B
| $12M | ﹤0.01% |
226,600
+79,100
| +54% | +$4.04M |
|
2609
Vulcan Materials
VMC
$36.5B
| $12M | ﹤0.01% |
45,828
+34,945
| +321% | +$8.99M |
|
|
FYBR
2610
DELISTED
Frontier Communications
FYBR
| $11.9M | ﹤0.01% |
328,279
+248,444
| +311% | +$9.01M |
|
2611
CALL
PACCAR
PCAR
$68.8B
| $11.9M | ﹤0.01% |
125,600
+17,000
| +16% | +$1.57M |
|
2612
PUT
PVH
PVH
$3.8B
| $11.9M | ﹤0.01% |
174,000
+88,000
| +102% | +$6.39M |
|
2613
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.48B
| $11.9M | ﹤0.01% |
141,813
+129,255
| +1,029% | +$10.6M |
|
2614
StoneX
SNEX
$8.09B
| $11.9M | ﹤0.01% |
294,230
+113,125
| +62% | +$4.25M |
|
|
FLG
2615
Flagstar Bank National Association
FLG
$5.92B
| $11.9M | ﹤0.01% |
1,123,830
+397,766
| +55% | +$4.54M |
|
2616
CALL
Lantheus
LNTH
$6.59B
| $11.9M | ﹤0.01% |
145,300
-7,800
| -5% | -$685K |
|
2617
YieldMax MSTR Option Income Strategy ETF
MSTY
$723M
| $11.9M | ﹤0.01% |
107,219
+77,599
| +262% | +$8.52M |
|
2618
Celestica
CLS
$42.3B
| $11.9M | ﹤0.01% |
76,097
-44,469
| -37% | -$4.73M |
|
2619
CALL
Tidewater
TDW
$4.69B
| $11.9M | ﹤0.01% |
257,300
-300
| -0.1% | -$12.2K |
|
2620
Air Products & Chemicals
APD
$68.8B
| $11.9M | ﹤0.01% |
42,077
+24,236
| +136% | +$6.63M |
|
2621
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.12B
| $11.8M | ﹤0.01% |
301,931
+38,165
| +14% | +$1.47M |
|
2622
CALL
Sony
SONY
$142B
| $11.8M | ﹤0.01% |
455,100
+22,800
| +5% | +$571K |
|
2623
Emerson Electric
EMR
$91B
| $11.8M | ﹤0.01% |
88,834
+31,627
| +55% | +$3.63M |
|
2624
MSCI
MSCI
$41.4B
| $11.8M | ﹤0.01% |
20,524
-23,877
| -54% | -$13.2M |
|
2625
Allison Transmission
ALSN
$10.4B
| $11.8M | ﹤0.01% |
124,449
-50,135
| -29% | -$4.84M |
|
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.