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 | |
|---|---|---|---|---|---|---|
2826
CALL
Vanguard Morningstar Small-Cap ETF
VB
$83.6B
| $10M | ﹤0.01% |
42,200
-10,800
| -20% | -$2.41M |
|
2827
CALL
EPR Properties
EPR
$4.69B
| $10M | ﹤0.01% |
171,600
+19,100
| +13% | +$1.01M |
|
2828
Avantis Emerging Markets Equity ETF
AVEM
$26.9B
| $10M | ﹤0.01% |
+145,854
| New | +$9.19M |
|
2829
CALL
Textron
TXT
$15.3B
| $10M | ﹤0.01% |
124,500
-88,800
| -42% | -$6.42M |
|
2830
PUT
Sarepta Therapeutics
SRPT
$1.91B
| $9.99M | ﹤0.01% |
584,100
+416,700
| +249% | +$17.8M |
|
2831
CALL
PagSeguro Digital
PAGS
$2.4B
| $9.98M | ﹤0.01% |
1,035,300
+402,400
| +64% | +$3.63M |
|
2832
CALL
Invesco S&P 500 Low Volatility ETF
SPLV
$7.23B
| $9.98M | ﹤0.01% |
137,000
+108,000
| +372% | +$7.82M |
|
2833
Direxion Daily Financial Bull 3x ETF
FAS
$2.49B
| $9.97M | ﹤0.01% |
59,134
+24,777
| +72% | +$3.61M |
|
|
TMHC
2834
DELISTED
Taylor Morrison
TMHC
| $9.97M | ﹤0.01% |
162,266
+19,204
| +13% | +$1.12M |
|
2835
Hewlett Packard
HPE
$77.7B
| $9.96M | ﹤0.01% |
486,932
-542,891
| -53% | -$9.1M |
|
2836
iRhythm Holdings
IRTC
$4.17B
| $9.96M | ﹤0.01% |
64,668
+9,560
| +17% | +$1.24M |
|
2837
FirstEnergy
FE
$27.4B
| $9.96M | ﹤0.01% |
247,268
+9,405
| +4% | +$388K |
|
2838
CALL
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$581M
| $9.95M | ﹤0.01% |
187,800
+92,200
| +96% | +$4.75M |
|
2839
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.74B
| $9.95M | ﹤0.01% |
131,038
-79,103
| -38% | -$5.85M |
|
2840
BJs Wholesale Club
BJ
$11.9B
| $9.94M | ﹤0.01% |
92,212
+73,608
| +396% | +$8.39M |
|
2841
PUT
Neurocrine Biosciences
NBIX
$15.5B
| $9.94M | ﹤0.01% |
79,100
-82,300
| -51% | -$9.44M |
|
2842
OneMain Financial
OMF
$7.56B
| $9.93M | ﹤0.01% |
174,185
-144,432
| -45% | -$7.2M |
|
2843
CALL
Academy Sports + Outdoors
ASO
$2.98B
| $9.93M | ﹤0.01% |
221,500
-41,600
| -16% | -$1.72M |
|
2844
CALL
AppFolio
APPF
$7.23B
| $9.93M | ﹤0.01% |
43,100
+10,600
| +33% | +$2.31M |
|
|
JOYY
2845
CALL
JOYY Inc
JOYY
$3.68B
| $9.92M | ﹤0.01% |
194,800
-400
| -0.2% | -$17.7K |
|
|
BTC
2846
CALL
Grayscale Bitcoin Mini Trust ETF
BTC
$3.33B
| $9.91M | ﹤0.01% |
207,600
+98,100
| +90% | +$4.28M |
|
|
SW
2847
CALL
Smurfit Westrock
SW
$25.8B
| $9.87M | ﹤0.01% |
228,700
+196,400
| +608% | +$8.4M |
|
2848
PUT
KB Home
KBH
$3.44B
| $9.87M | ﹤0.01% |
186,300
-182,300
| -49% | -$9.69M |
|
2849
CALL
TMC The Metals Company
TMC
$1.77B
| $9.86M | ﹤0.01% |
1,494,600
+1,376,300
| +1,163% | +$5.28M |
|
2850
PUT
Mirion Technologies
MIR
$3.96B
| $9.86M | ﹤0.01% |
+458,100
| New | +$7.9M |
|
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.