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 | |
|---|---|---|---|---|---|---|
2651
Neurocrine Biosciences
NBIX
$15.5B
| $11.6M | ﹤0.01% |
92,019
-43,276
| -32% | -$4.96M |
|
2652
Red Cat Holdings
RCAT
$1.7B
| $11.6M | ﹤0.01% |
1,587,791
+490,131
| +45% | +$3.2M |
|
2653
The GEO Group
GEO
$4.11B
| $11.5M | ﹤0.01% |
482,054
-221,684
| -32% | -$6.06M |
|
2654
Edwards Lifesciences
EW
$52.8B
| $11.5M | ﹤0.01% |
147,528
+15,329
| +12% | +$1.14M |
|
2655
Occidental Petroleum Corp Warrants
OXY.WS
$34.3B
| $11.5M | ﹤0.01% |
556,894
| – | – |
|
2656
CALL
Henry Schein
HSIC
$10B
| $11.5M | ﹤0.01% |
157,800
+131,300
| +495% | +$9.04M |
|
2657
PUT
SBA Communications
SBAC
$19.6B
| $11.5M | ﹤0.01% |
48,900
-25,300
| -34% | -$5.79M |
|
2658
PUT
Polaris
PII
$3.95B
| $11.5M | ﹤0.01% |
282,300
+144,400
| +105% | +$5.44M |
|
2659
PUT
Navitas Semiconductor
NVTS
$3.77B
| $11.5M | ﹤0.01% |
1,751,700
+1,616,600
| +1,197% | +$6.23M |
|
2660
CALL
Rambus
RMBS
$10.9B
| $11.5M | ﹤0.01% |
178,900
+76,000
| +74% | +$4.07M |
|
2661
PUT
Planet Fitness
PLNT
$3.8B
| $11.5M | ﹤0.01% |
105,000
+1,100
| +1% | +$110K |
|
2662
CALL
DigitalBridge
DBRG
$2.94B
| $11.4M | ﹤0.01% |
1,104,900
+568,800
| +106% | +$5.43M |
|
2663
CALL
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$472M
| $11.4M | ﹤0.01% |
784,300
+538,700
| +219% | +$5.24M |
|
2664
PUT
Dave Inc
DAVE
$4.27B
| $11.4M | ﹤0.01% |
42,600
+12,400
| +41% | +$1.95M |
|
2665
Royal Caribbean
RCL
$81.6B
| $11.4M | ﹤0.01% |
36,481
-18,055
| -33% | -$4.3M |
|
|
TOAK
2666
Twin Oak Short Horizon Absolute Return ETF
TOAK
$92.7M
| $11.4M | ﹤0.01% |
+410,000
| New | +$11.3M |
|
2667
PUT
Cipher Digital
CIFR
$7.41B
| $11.4M | ﹤0.01% |
2,377,900
+1,966,600
| +478% | +$6.36M |
|
2668
PUT
Fomento Económico Mexicano
FMX
$40.3B
| $11.3M | ﹤0.01% |
110,200
+77,400
| +236% | +$7.99M |
|
|
BULL
2669
Webull Corp
BULL
$4.28B
| $11.3M | ﹤0.01% |
+948,489
| New | +$14.7M |
|
|
CHYM
2670
CALL
Chime Financial
CHYM
$12.1B
| $11.3M | ﹤0.01% |
+328,700
| New | +$10.8M |
|
2671
Vanguard Morningstar Value ETF
VTV
$194B
| $11.3M | ﹤0.01% |
64,113
+2,877
| +5% | +$486K |
|
2672
ProShares UltraPro Short QQQ
SQQQ
$1.68B
| $11.3M | ﹤0.01% |
115,512
-21,288
| -16% | -$3.05M |
|
2673
Northern Trust
NTRS
$35B
| $11.3M | ﹤0.01% |
88,979
+36,331
| +69% | +$3.71M |
|
2674
Flex
FLEX
$46.6B
| $11.3M | ﹤0.01% |
+225,955
| New | +$8.8M |
|
2675
PUT
Mattel
MAT
$4.29B
| $11.3M | ﹤0.01% |
571,500
+403,100
| +239% | +$7.17M |
|
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.