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 | |
|---|---|---|---|---|---|---|
2701
CALL
Warby Parker
WRBY
$3.2B
| $11M | ﹤0.01% |
501,400
+426,600
| +570% | +$7.89M |
|
2702
CALL
Conagra Brands
CAG
$7.5B
| $11M | ﹤0.01% |
536,500
+67,500
| +14% | +$1.58M |
|
2703
BlackBerry
BB
$5.22B
| $11M | ﹤0.01% |
2,397,208
+516,706
| +27% | +$1.95M |
|
2704
CALL
ACM Research
ACMR
$5.6B
| $10.9M | ﹤0.01% |
422,700
+68,900
| +19% | +$1.55M |
|
2705
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$188M
| $10.9M | ﹤0.01% |
233,400
+18,400
| +9% | +$1.06M |
|
2706
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $10.9M | ﹤0.01% |
42,600
+13,900
| +48% | +$2.99M |
|
2707
CALL
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.29B
| $10.9M | ﹤0.01% |
162,600
+46,200
| +40% | +$3.06M |
|
2708
CALL
Expeditors International
EXPD
$24.2B
| $10.9M | ﹤0.01% |
95,400
-300
| -0.3% | -$33.6K |
|
2709
HealthEquity
HQY
$8.76B
| $10.9M | ﹤0.01% |
103,973
-9,837
| -9% | -$932K |
|
2710
iShares Russell Mid-Cap ETF
IWR
$58.4B
| $10.9M | ﹤0.01% |
118,327
+65,497
| +124% | +$5.66M |
|
2711
Dynatrace
DT
$14.2B
| $10.9M | ﹤0.01% |
196,532
+139,990
| +248% | +$7.01M |
|
2712
MGM Resorts International
MGM
$11.1B
| $10.8M | ﹤0.01% |
315,474
-84,511
| -21% | -$2.68M |
|
2713
Shift4
FOUR
$3.58B
| $10.8M | ﹤0.01% |
109,399
+49,150
| +82% | +$4.28M |
|
2714
CALL
Factset
FDS
$10.1B
| $10.8M | ﹤0.01% |
24,200
+18,400
| +317% | +$8.06M |
|
2715
PUT
MasTec
MTZ
$23.9B
| $10.8M | ﹤0.01% |
63,500
-15,600
| -20% | -$2.25M |
|
2716
CALL
Main Street Capital
MAIN
$5.5B
| $10.8M | ﹤0.01% |
183,100
+62,600
| +52% | +$3.46M |
|
|
CADE
2717
DELISTED
Cadence Bank
CADE
| $10.8M | ﹤0.01% |
338,138
+21,746
| +7% | +$652K |
|
2718
CALL
Boston Beer
SAM
$1.91B
| $10.8M | ﹤0.01% |
56,600
+7,500
| +15% | +$1.73M |
|
|
2719
PUT
Dynatrace
DT
$14.2B
| $10.8M | ﹤0.01% |
195,600
+103,800
| +113% | +$5.2M |
|
2720
PUT
Vanguard High Dividend Yield ETF
VYM
$84B
| $10.8M | ﹤0.01% |
81,000
-28,200
| -26% | -$3.57M |
|
2721
International Paper
IP
$21.6B
| $10.8M | ﹤0.01% |
230,367
+135,729
| +143% | +$6.42M |
|
2722
PUT
Incyte
INCY
$24.4B
| $10.8M | ﹤0.01% |
158,400
+89,100
| +129% | +$5.64M |
|
2723
CALL
CoinShares Bitcoin Mining ETF
WGMI
$243M
| $10.8M | ﹤0.01% |
474,000
+33,300
| +8% | +$542K |
|
2724
CALL
Matsons
MATX
$6.5B
| $10.8M | ﹤0.01% |
96,800
+83,500
| +628% | +$9.14M |
|
2725
CALL
Beazer Homes USA
BZH
$872M
| $10.8M | ﹤0.01% |
481,700
+287,200
| +148% | +$5.96M |
|
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.