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 | |
|---|---|---|---|---|---|---|
2876
CALL
Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
$441M
| $9.69M | ﹤0.01% |
186,800
+61,400
| +49% | +$2.27M |
|
2877
CALL
Everest Group
EG
$14.2B
| $9.69M | ﹤0.01% |
28,500
-35,600
| -56% | -$12.3M |
|
2878
CALL
iShares Select Dividend ETF
DVY
$24.1B
| $9.68M | ﹤0.01% |
72,900
-12,000
| -14% | -$1.55M |
|
2879
CALL
Ametek
AME
$58.4B
| $9.68M | ﹤0.01% |
53,500
-82,500
| -61% | -$14.2M |
|
2880
PUT
Surgery Partners
SGRY
$1.97B
| $9.68M | ﹤0.01% |
435,500
+397,500
| +1,046% | +$8.84M |
|
2881
ProShares Short S&P500
SH
$841M
| $9.68M | ﹤0.01% |
243,951
+231,218
| +1,816% | +$10M |
|
2882
Kodiak Gas Services
KGS
$6.6B
| $9.67M | ﹤0.01% |
282,264
+80,959
| +40% | +$2.8M |
|
2883
Enphase Energy
ENPH
$5.35B
| $9.67M | ﹤0.01% |
243,895
-988,170
| -80% | -$45.6M |
|
2884
Denison Mines
DNN
$2.92B
| $9.66M | ﹤0.01% |
5,310,393
+2,675,897
| +102% | +$4.05M |
|
2885
VanEck Oil Services ETF
OIH
$2B
| $9.66M | ﹤0.01% |
41,968
-65,552
| -61% | -$14.7M |
|
2886
T. Rowe Price
TROW
$23.6B
| $9.65M | ﹤0.01% |
100,022
-100,403
| -50% | -$9.22M |
|
2887
CALL
Core & Main
CNM
$8.61B
| $9.65M | ﹤0.01% |
159,900
+56,400
| +54% | +$3.02M |
|
2888
Nextpower Inc
NXT
$15.4B
| $9.65M | ﹤0.01% |
177,457
-75,952
| -30% | -$3.81M |
|
|
2889
Everest Group
EG
$14.2B
| $9.64M | ﹤0.01% |
28,359
+9,273
| +49% | +$3.2M |
|
2890
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $9.63M | ﹤0.01% |
118,969
+104,438
| +719% | +$8.47M |
|
2891
CALL
Sociedad Química y Minera de Chile
SQM
$21.2B
| $9.62M | ﹤0.01% |
272,800
+72,600
| +36% | +$2.48M |
|
|
VSXY
2892
CALL
Victoria's Secret
VSXY
$7.08B
| $9.61M | ﹤0.01% |
519,100
-52,600
| -9% | -$1.03M |
|
2893
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.38B
| $9.59M | ﹤0.01% |
35,598
-44,506
| -56% | -$10.7M |
|
2894
iShares US Home Construction ETF
ITB
$2.36B
| $9.59M | ﹤0.01% |
102,879
-35,102
| -25% | -$3.21M |
|
2895
CALL
Entergy
ETR
$50.3B
| $9.58M | ﹤0.01% |
115,300
-226,400
| -66% | -$18.7M |
|
2896
CALL
Mattel
MAT
$4.29B
| $9.57M | ﹤0.01% |
485,500
+318,600
| +191% | +$5.67M |
|
2897
Guardant Health
GH
$21.1B
| $9.54M | ﹤0.01% |
183,404
-12,140
| -6% | -$542K |
|
2898
PUT
InMode
INMD
$872M
| $9.54M | ﹤0.01% |
660,800
+200,600
| +44% | +$2.94M |
|
|
ANSS
2899
DELISTED
Ansys
ANSS
| $9.52M | ﹤0.01% |
27,107
+3,938
| +17% | +$1.29M |
|
2900
CALL
Axcelis
ACLS
$4.33B
| $9.52M | ﹤0.01% |
136,600
+13,300
| +11% | +$759K |
|
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.