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 | |
|---|---|---|---|---|---|---|
2926
Leonardo DRS
DRS
$12.2B
| $9.31M | ﹤0.01% |
200,373
+80,269
| +67% | +$3.22M |
|
2927
Liberty Broadband Class A
LBRDA
$5.21B
| $9.31M | ﹤0.01% |
95,169
-4,153
| -4% | -$368K |
|
2928
CALL
Diageo
DEO
$53.1B
| $9.31M | ﹤0.01% |
92,300
-35,400
| -28% | -$3.84M |
|
2929
CALL
Vera Therapeutics
VERA
$2.28B
| $9.31M | ﹤0.01% |
395,000
+117,000
| +42% | +$2.63M |
|
2930
iShares Russell 2000 Growth ETF
IWO
$15.2B
| $9.3M | ﹤0.01% |
32,546
-144,358
| -82% | -$38M |
|
|
QXO
2931
QXO Inc
QXO
$15.7B
| $9.3M | ﹤0.01% |
431,856
-512,679
| -54% | -$8.42M |
|
|
MSTU
2932
PUT
T-Rex 2X Long MSTR Daily Target ETF
MSTU
$296M
| $9.3M | ﹤0.01% |
107,520
+4,270
| +4% | +$323K |
|
2933
PUT
Transocean
RIG
$6.43B
| $9.3M | ﹤0.01% |
3,589,500
-258,800
| -7% | -$667K |
|
2934
Fox Class A
FOXA
$29B
| $9.29M | ﹤0.01% |
165,747
-224,153
| -57% | -$11.8M |
|
2935
Commault Systems
CVLT
$6.1B
| $9.29M | ﹤0.01% |
53,265
-19,186
| -26% | -$3.27M |
|
2936
CALL
iShares Russell Mid-Cap ETF
IWR
$58.4B
| $9.27M | ﹤0.01% |
100,800
+69,400
| +221% | +$6M |
|
2937
CALL
Omega Healthcare
OHI
$14.1B
| $9.26M | ﹤0.01% |
252,700
-5,900
| -2% | -$219K |
|
2938
PUT
Jefferies Financial Group
JEF
$12.7B
| $9.26M | ﹤0.01% |
169,300
-71,200
| -30% | -$3.52M |
|
2939
CALL
Trupanion
TRUP
$1.34B
| $9.25M | ﹤0.01% |
167,200
-15,600
| -9% | -$691K |
|
2940
CALL
Waters Corp
WAT
$40.5B
| $9.25M | ﹤0.01% |
26,500
-19,700
| -43% | -$6.77M |
|
|
MRP
2941
PUT
Millrose Properties Inc
MRP
$5.04B
| $9.25M | ﹤0.01% |
324,400
+159,700
| +97% | +$4.22M |
|
2942
PUT
Equity Residential
EQR
$24.7B
| $9.24M | ﹤0.01% |
136,900
+63,000
| +85% | +$4.33M |
|
|
MRP
2943
CALL
Millrose Properties Inc
MRP
$5.04B
| $9.23M | ﹤0.01% |
323,700
+247,100
| +323% | +$6.53M |
|
2944
SPX Corp
SPXC
$10.9B
| $9.22M | ﹤0.01% |
55,015
-2,253
| -4% | -$330K |
|
2945
First Interstate BancSystem
FIBK
$3.73B
| $9.22M | ﹤0.01% |
320,001
+34,798
| +12% | +$938K |
|
2946
PUT
Howard Hughes
HHH
$3.98B
| $9.22M | ﹤0.01% |
136,600
+90,800
| +198% | +$6.2M |
|
|
BRSL
2947
Brightstar Lottery PLC
BRSL
$2.15B
| $9.21M | ﹤0.01% |
582,298
+103,758
| +22% | +$1.63M |
|
2948
Rambus
RMBS
$10.9B
| $9.2M | ﹤0.01% |
143,716
+12,219
| +9% | +$655K |
|
2949
CALL
Flex
FLEX
$46.6B
| $9.2M | ﹤0.01% |
184,300
+134,400
| +269% | +$5.24M |
|
2950
Rithm Capital
RITM
$5.79B
| $9.17M | ﹤0.01% |
812,653
-43,244
| -5% | -$476K |
|
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.