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 | |
|---|---|---|---|---|---|---|
2626
CALL
Hallador Energy
HNRG
$762M
| $11.8M | ﹤0.01% |
746,700
+560,500
| +301% | +$8.66M |
|
|
SII
2627
CALL
Sprott
SII
$3B
| $11.8M | ﹤0.01% |
170,300
+138,000
| +427% | +$7.68M |
|
2628
CALL
ProShares UltraShort S&P500
SDS
$366M
| $11.8M | ﹤0.01% |
141,320
+7,180
| +5% | +$713K |
|
2629
Construction Partners
ROAD
$6.9B
| $11.7M | ﹤0.01% |
110,440
+16,756
| +18% | +$1.57M |
|
2630
CALL
American Water Works
AWK
$27.1B
| $11.7M | ﹤0.01% |
84,300
+38,700
| +85% | +$5.55M |
|
2631
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$430M
| $11.7M | ﹤0.01% |
523,200
+2,600
| +0.5% | +$57.2K |
|
2632
PUT
Universal Display
OLED
$4.09B
| $11.7M | ﹤0.01% |
75,900
-21,200
| -22% | -$2.97M |
|
2633
Carnival Corporation Ltd
CCL
$38.5B
| $11.7M | ﹤0.01% |
416,791
+167,234
| +67% | +$3.58M |
|
2634
PUT
Broadridge
BR
$19.5B
| $11.7M | ﹤0.01% |
48,200
-100
| -0.2% | -$23.8K |
|
2635
PUT
Innodata
INOD
$2.09B
| $11.7M | ﹤0.01% |
228,600
+96,400
| +73% | +$3.8M |
|
2636
Sea Limited
SE
$74.7B
| $11.7M | ﹤0.01% |
73,173
-64,728
| -47% | -$9.37M |
|
2637
Vanguard FTSE Europe ETF
VGK
$31.1B
| $11.7M | ﹤0.01% |
150,816
+89,948
| +148% | +$6.64M |
|
2638
PUT
iShares S&P 100 ETF
OEF
$20.5B
| $11.7M | ﹤0.01% |
38,400
+2,300
| +6% | +$641K |
|
2639
Direxion Daily Technology Bull 3x ETF
TECL
$6.39B
| $11.7M | ﹤0.01% |
+124,577
| New | +$8.23M |
|
2640
Casella Waste Systems
CWST
$5.77B
| $11.6M | ﹤0.01% |
100,887
-47,051
| -32% | -$5.44M |
|
2641
CALL
Nektar Therapeutics
NKTR
$2.49B
| $11.6M | ﹤0.01% |
450,200
+429,167
| +2,040% | +$4.82M |
|
2642
CALL
Jackson Financial
JXN
$9.17B
| $11.6M | ﹤0.01% |
131,000
+31,500
| +32% | +$2.55M |
|
2643
Brown & Brown
BRO
$23.6B
| $11.6M | ﹤0.01% |
104,814
+65,136
| +164% | +$7.32M |
|
2644
PUT
Redwire
RDW
$3.39B
| $11.6M | ﹤0.01% |
712,300
+482,400
| +210% | +$6.29M |
|
2645
PUT
Cenovus Energy
CVE
$57.2B
| $11.6M | ﹤0.01% |
853,500
-1,639,900
| -66% | -$21.3M |
|
2646
CALL
Church & Dwight Co
CHD
$24B
| $11.6M | ﹤0.01% |
120,700
+8,300
| +7% | +$819K |
|
2647
CALL
Regions Financial
RF
$27.2B
| $11.6M | ﹤0.01% |
492,800
+205,900
| +72% | +$4.36M |
|
|
CEP
2648
PUT
DELISTED
Cantor Equity Partners
CEP
| $11.6M | ﹤0.01% |
+416,500
| New | +$12.7M |
|
|
GTLS
2649
DELISTED
Chart Industries
GTLS
| $11.6M | ﹤0.01% |
70,274
+10,101
| +17% | +$1.48M |
|
2650
Glaukos
GKOS
$10.9B
| $11.6M | ﹤0.01% |
111,994
+44,487
| +66% | +$4.17M |
|
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.