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 | |
|---|---|---|---|---|---|---|
3051
TPG
TPG
$8.51B
| $8.6M | ﹤0.01% |
164,015
+41,403
| +34% | +$1.99M |
|
3052
Hancock Whitney
HWC
$6.4B
| $8.6M | ﹤0.01% |
149,835
-15,697
| -9% | -$835K |
|
3053
Amplify Junior Silver Miners ETF
SILJ
$3.95B
| $8.6M | ﹤0.01% |
580,794
-937,499
| -62% | -$12.2M |
|
3054
CALL
State Street SPDR S&P Dividend ETF
SDY
$22.2B
| $8.59M | ﹤0.01% |
63,300
+35,500
| +128% | +$4.71M |
|
3055
CALL
Vista Energy
VIST
$7.56B
| $8.59M | ﹤0.01% |
179,600
+51,600
| +40% | +$2.44M |
|
3056
PUT
Owens Corning
OC
$12.2B
| $8.58M | ﹤0.01% |
62,400
+31,300
| +101% | +$4.32M |
|
3057
PUT
Axos Financial
AX
$5.8B
| $8.57M | ﹤0.01% |
112,700
+26,400
| +31% | +$1.78M |
|
3058
PUT
Alamos Gold
AGI
$14B
| $8.57M | ﹤0.01% |
322,600
+133,600
| +71% | +$3.57M |
|
3059
ProShares UltraShort Bloomberg Natural Gas
KOLD
$105M
| $8.55M | ﹤0.01% |
333,902
+242,016
| +263% | +$5.83M |
|
3060
Magnolia Oil & Gas
MGY
$6.22B
| $8.55M | ﹤0.01% |
380,278
-25,347
| -6% | -$561K |
|
3061
Labcorp
LH
$25.8B
| $8.54M | ﹤0.01% |
32,550
+25,730
| +377% | +$6.27M |
|
3062
JFrog
FROG
$11.6B
| $8.54M | ﹤0.01% |
194,713
+153,718
| +375% | +$5.84M |
|
3063
BlackSky Technology
BKSY
$1.27B
| $8.54M | ﹤0.01% |
415,160
+246,759
| +147% | +$2.66M |
|
3064
PUT
Freedom Holding
FRHC
$9.34B
| $8.54M | ﹤0.01% |
58,500
+28,300
| +94% | +$4.18M |
|
3065
CALL
RELX
RELX
$60B
| $8.54M | ﹤0.01% |
+157,100
| New | +$8.31M |
|
3066
PUT
HF Sinclair
DINO
$16.7B
| $8.54M | ﹤0.01% |
207,800
-252,000
| -55% | -$8.68M |
|
3067
PUT
Public Service Enterprise Group
PEG
$37.9B
| $8.54M | ﹤0.01% |
101,400
+45,300
| +81% | +$3.65M |
|
3068
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
| $8.52M | ﹤0.01% |
162,833
+130,155
| +398% | +$6.5M |
|
3069
Life Time Group Holdings
LTH
$10.1B
| $8.52M | ﹤0.01% |
280,983
+73,134
| +35% | +$2.17M |
|
3070
PUT
McCormick & Company Non-Voting
MKC
$14.7B
| $8.52M | ﹤0.01% |
112,400
-22,200
| -16% | -$1.66M |
|
3071
CALL
TE Connectivity
TEL
$62.6B
| $8.52M | ﹤0.01% |
50,500
-88,500
| -64% | -$13.4M |
|
3072
CALL
Vanguard Energy ETF
VDE
$10.6B
| $8.52M | ﹤0.01% |
71,500
+25,200
| +54% | +$2.93M |
|
3073
Loar Holdings
LOAR
$7.25B
| $8.51M | ﹤0.01% |
98,809
+92,952
| +1,587% | +$8.04M |
|
3074
PUT
Murphy USA
MUSA
$10.5B
| $8.5M | ﹤0.01% |
20,900
+9,100
| +77% | +$4.14M |
|
3075
PUT
Palomar
PLMR
$3.37B
| $8.5M | ﹤0.01% |
55,100
+42,200
| +327% | +$6.53M |
|
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.