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 | |
|---|---|---|---|---|---|---|
2901
Southwest Gas
SWX
$6.71B
| $9.51M | ﹤0.01% |
127,809
+43,831
| +52% | +$3.16M |
|
2902
WisdomTree Floating Rate Treasury Fund
USFR
$18.4B
| $9.5M | ﹤0.01% |
+188,787
| New | +$9.51M |
|
2903
Halozyme
HALO
$11.2B
| $9.49M | ﹤0.01% |
182,424
+20,179
| +12% | +$1.15M |
|
2904
Ovintiv
OVV
$17.4B
| $9.49M | ﹤0.01% |
249,357
-83,949
| -25% | -$3.08M |
|
|
JOYY
2905
PUT
JOYY Inc
JOYY
$3.68B
| $9.48M | ﹤0.01% |
186,300
-164,800
| -47% | -$7.31M |
|
2906
Invesco Galaxy Bitcoin ETF
BTCO
$422M
| $9.47M | ﹤0.01% |
88,048
+57,699
| +190% | +$5.68M |
|
2907
CALL
Pitney Bowes
PBI
$2.25B
| $9.45M | ﹤0.01% |
866,000
+463,300
| +115% | +$4.36M |
|
2908
PUT
American Water Works
AWK
$27.1B
| $9.45M | ﹤0.01% |
67,900
+7,400
| +12% | +$1.06M |
|
2909
CALL
Campbell Soup
CPB
$6.91B
| $9.44M | ﹤0.01% |
308,100
-16,900
| -5% | -$595K |
|
2910
CALL
Molson Coors Class B
TAP
$7.97B
| $9.44M | ﹤0.01% |
196,300
-36,200
| -16% | -$1.99M |
|
2911
Meritage Homes
MTH
$4.76B
| $9.43M | ﹤0.01% |
140,814
+30,885
| +28% | +$2.05M |
|
2912
ResMed
RMD
$32.4B
| $9.43M | ﹤0.01% |
36,549
+25,821
| +241% | +$6.16M |
|
2913
Trip.com Group
TCOM
$28.3B
| $9.42M | ﹤0.01% |
160,726
-129,157
| -45% | -$7.76M |
|
2914
PUT
Novavax
NVAX
$1.33B
| $9.42M | ﹤0.01% |
1,495,700
+241,700
| +19% | +$1.6M |
|
2915
CALL
Hyatt Hotels
H
$17.1B
| $9.41M | ﹤0.01% |
67,400
+44,700
| +197% | +$5.58M |
|
|
OPRA
2916
CALL
Opera Ltd
OPRA
$1.82B
| $9.38M | ﹤0.01% |
496,400
+1,700
| +0.3% | +$29.1K |
|
2917
CALL
MarketAxess Holdings
MKTX
$5.72B
| $9.38M | ﹤0.01% |
42,000
+700
| +2% | +$154K |
|
2918
CALL
AGCO
AGCO
$7.1B
| $9.38M | ﹤0.01% |
90,900
+38,000
| +72% | +$3.62M |
|
2919
dLocal
DLO
$4.17B
| $9.36M | ﹤0.01% |
825,805
+101,617
| +14% | +$1M |
|
2920
CALL
Wabtec
WAB
$50.5B
| $9.36M | ﹤0.01% |
44,700
-8,600
| -16% | -$1.65M |
|
2921
Cummins
CMI
$86.9B
| $9.36M | ﹤0.01% |
28,570
+14,202
| +99% | +$4.4M |
|
2922
CALL
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$39.8M
| $9.35M | ﹤0.01% |
125,010
+53,980
| +76% | +$4.77M |
|
2923
CALL
Surgery Partners
SGRY
$1.97B
| $9.33M | ﹤0.01% |
419,900
+277,900
| +196% | +$6.18M |
|
2924
CALL
ProShares UltraPro Dow 30
UDOW
$924M
| $9.33M | ﹤0.01% |
197,600
+63,400
| +47% | +$2.56M |
|
2925
CALL
Unum
UNM
$14.8B
| $9.32M | ﹤0.01% |
115,400
+11,100
| +11% | +$877K |
|
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.