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 | |
|---|---|---|---|---|---|---|
2976
CALL
InMode
INMD
$872M
| $9.01M | ﹤0.01% |
624,300
+2,000
| +0.3% | +$29.3K |
|
2977
Group 1 Automotive
GPI
$3.15B
| $9.01M | ﹤0.01% |
20,642
-227
| -1% | -$95.3K |
|
2978
PUT
Impinj
PI
$5.28B
| $9.01M | ﹤0.01% |
81,100
+13,600
| +20% | +$1.35M |
|
2979
Tyson Foods
TSN
$20.5B
| $9M | ﹤0.01% |
160,876
+33,108
| +26% | +$1.9M |
|
2980
VICI Properties
VICI
$29B
| $9M | ﹤0.01% |
275,939
+195,414
| +243% | +$6.22M |
|
2981
CALL
Q2 Holdings
QTWO
$4.04B
| $8.98M | ﹤0.01% |
96,000
+69,400
| +261% | +$5.86M |
|
2982
Jackson Financial
JXN
$9.17B
| $8.98M | ﹤0.01% |
101,141
-9,035
| -8% | -$732K |
|
2983
PUT
Ambarella
AMBA
$3.6B
| $8.97M | ﹤0.01% |
135,800
+13,800
| +11% | +$732K |
|
2984
PUT
Parsons
PSN
$5.12B
| $8.97M | ﹤0.01% |
125,000
-65,800
| -34% | -$4.35M |
|
2985
Badger Meter
BMI
$3.79B
| $8.97M | ﹤0.01% |
36,617
+385
| +1% | +$87.2K |
|
2986
PUT
Noble Corp
NE
$7.2B
| $8.97M | ﹤0.01% |
337,700
+49,500
| +17% | +$1.19M |
|
2987
APA Corp
APA
$14.2B
| $8.96M | ﹤0.01% |
489,802
-859,385
| -64% | -$14.9M |
|
2988
PUT
Calumet Specialty Products
CLMT
$4.19B
| $8.95M | ﹤0.01% |
568,200
-207,000
| -27% | -$2.63M |
|
|
APLS
2989
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $8.95M | ﹤0.01% |
516,800
+193,300
| +60% | +$3.58M |
|
2990
PUT
Canadian National Railway
CNI
$76.7B
| $8.93M | ﹤0.01% |
85,800
-15,800
| -16% | -$1.61M |
|
2991
NVR
NVR
$16.8B
| $8.91M | ﹤0.01% |
1,207
+266
| +28% | +$1.91M |
|
2992
Huntington Bancshares
HBAN
$36.2B
| $8.91M | ﹤0.01% |
531,787
-192,609
| -27% | -$2.91M |
|
2993
CBIZ
CBZ
$2.96B
| $8.91M | ﹤0.01% |
124,265
+26,049
| +27% | +$1.88M |
|
2994
CALL
Plug Power
PLUG
$3.24B
| $8.91M | ﹤0.01% |
5,976,800
-4,130,600
| -41% | -$4.12M |
|
|
VRNT
2995
CALL
DELISTED
Verint Systems
VRNT
| $8.9M | ﹤0.01% |
452,600
+253,500
| +127% | +$4.43M |
|
|
IPG
2996
DELISTED
Interpublic Group of Companies
IPG
| $8.89M | ﹤0.01% |
363,199
+67,753
| +23% | +$1.65M |
|
2997
PUT
GDS Holdings
GDS
$6.89B
| $8.89M | ﹤0.01% |
290,700
-56,900
| -16% | -$1.44M |
|
2998
CALL
Alphatec Holdings
ATEC
$1.51B
| $8.88M | ﹤0.01% |
800,000
+670,400
| +517% | +$7.7M |
|
2999
PUT
dLocal
DLO
$4.17B
| $8.87M | ﹤0.01% |
782,600
+5,300
| +0.7% | +$52.2K |
|
3000
CALL
Kohl's
KSS
$2.18B
| $8.87M | ﹤0.01% |
1,046,500
-454,700
| -30% | -$3.5M |
|
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.