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 | |
|---|---|---|---|---|---|---|
251
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $423M | 0.06% |
7,120,600
+1,135,700
| +19% | +$63.2M |
|
252
CALL
Avis
CAR
$4.93B
| $420M | 0.06% |
2,482,900
+1,480,400
| +148% | +$159M |
|
253
CALL
United Airlines
UAL
$40.6B
| $415M | 0.06% |
5,210,100
+527,200
| +11% | +$38.8M |
|
254
CALL
Hims & Hers Health
HIMS
$6.99B
| $413M | 0.06% |
8,282,800
+3,694,700
| +81% | +$167M |
|
255
PUT
FedEx
FDX
$77.3B
| $406M | 0.06% |
1,785,600
+328,000
| +23% | +$71.8M |
|
256
PUT
Thermo Fisher Scientific
TMO
$223B
| $406M | 0.06% |
1,000,700
+316,700
| +46% | +$132M |
|
257
CALL
Baidu
BIDU
$35.6B
| $402M | 0.06% |
4,683,200
-448,700
| -9% | -$38.7M |
|
258
CALL
Cameco
CCJ
$43.1B
| $401M | 0.06% |
5,404,600
+2,342,200
| +76% | +$125M |
|
259
PUT
Capital One
COF
$136B
| $400M | 0.06% |
1,879,000
+512,700
| +38% | +$95.7M |
|
|
NVO
260
PUT
Novo Nordisk
NVO
$203B
| $400M | 0.06% |
5,790,300
+3,433,900
| +146% | +$234M |
|
261
PUT
T-Mobile US
TMUS
$190B
| $395M | 0.05% |
1,659,300
+101,700
| +7% | +$24.8M |
|
262
CALL
Intuitive Surgical
ISRG
$142B
| $395M | 0.05% |
727,500
-127,300
| -15% | -$66.6M |
|
263
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$24.2B
| $394M | 0.05% |
15,697,300
+8,994,100
| +134% | +$145M |
|
264
PUT
AT&T
T
$166B
| $393M | 0.05% |
13,578,300
+5,298,900
| +64% | +$146M |
|
265
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $393M | 0.05% |
3,615,400
+113,800
| +3% | +$11.6M |
|
266
CALL
MongoDB
MDB
$35.2B
| $393M | 0.05% |
1,870,300
-296,100
| -14% | -$54.7M |
|
267
CALL
CVS Health
CVS
$121B
| $390M | 0.05% |
5,651,000
+325,900
| +6% | +$21.4M |
|
268
CALL
Procter & Gamble
PG
$335B
| $390M | 0.05% |
2,446,400
-256,700
| -9% | -$41.9M |
|
269
PUT
AutoZone
AZO
$49.7B
| $384M | 0.05% |
103,500
+33,100
| +47% | +$122M |
|
270
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
| $384M | 0.05% |
2,602,800
-7,245,600
| -74% | -$988M |
|
271
PUT
Verizon
VZ
$195B
| $383M | 0.05% |
8,845,300
+44,300
| +0.5% | +$1.92M |
|
272
PUT
Coca-Cola
KO
$373B
| $381M | 0.05% |
5,388,700
+1,528,900
| +40% | +$109M |
|
|
273
CALL
Verizon
VZ
$195B
| $379M | 0.05% |
8,758,800
-2,031,500
| -19% | -$88M |
|
274
PUT
Regeneron Pharmaceuticals
REGN
$82.2B
| $378M | 0.05% |
720,300
+193,300
| +37% | +$108M |
|
|
275
CALL
AT&T
T
$166B
| $377M | 0.05% |
13,039,900
-6,459,600
| -33% | -$178M |
|
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.