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 | |
|---|---|---|---|---|---|---|
3076
Par Pacific Holdings
PARR
$4.02B
| $8.5M | ﹤0.01% |
320,239
+164,679
| +106% | +$3.14M |
|
3077
Polaris
PII
$3.95B
| $8.49M | ﹤0.01% |
208,840
-145,255
| -41% | -$5.47M |
|
3078
Comfort Systems
FIX
$62.4B
| $8.49M | ﹤0.01% |
15,825
+13,946
| +742% | +$6.08M |
|
3079
Vanguard Real Estate ETF
VNQ
$39.2B
| $8.49M | ﹤0.01% |
95,278
-15,022
| -14% | -$1.32M |
|
3080
CALL
Vanguard Financials ETF
VFH
$14B
| $8.48M | ﹤0.01% |
66,600
+3,800
| +6% | +$453K |
|
3081
PUT
Invesco DB US Dollar Index Bullish Fund
UUP
$413M
| $8.47M | ﹤0.01% |
315,200
+109,600
| +53% | +$3.02M |
|
3082
Atlantic Union Bankshares
AUB
$6.12B
| $8.47M | ﹤0.01% |
270,833
+83,716
| +45% | +$2.42M |
|
3083
PUT
FirstEnergy
FE
$27.4B
| $8.47M | ﹤0.01% |
210,400
-420,300
| -67% | -$17.3M |
|
3084
CALL
AllianceBernstein
AB
$3.41B
| $8.46M | ﹤0.01% |
207,300
-30,500
| -13% | -$1.2M |
|
3085
PUT
Magnite
MGNI
$3.55B
| $8.44M | ﹤0.01% |
350,100
-47,500
| -12% | -$700K |
|
3086
Dycom Industries
DY
$12.6B
| $8.44M | ﹤0.01% |
34,522
-6,970
| -17% | -$1.37M |
|
3087
PUT
Rhythm Pharmaceuticals
RYTM
$7.95B
| $8.44M | ﹤0.01% |
133,500
+111,200
| +499% | +$6.81M |
|
3088
Pool Corp
POOL
$7.08B
| $8.43M | ﹤0.01% |
28,920
+12,801
| +79% | +$3.87M |
|
3089
FuboTV Inc
FUBO
$307M
| $8.43M | ﹤0.01% |
181,960
+24,604
| +16% | +$921K |
|
|
SEE
3090
PUT
DELISTED
Sealed Air
SEE
| $8.42M | ﹤0.01% |
271,500
-423,000
| -61% | -$12.6M |
|
3091
JPMorgan International Research Enhanced Equity ETF
JIRE
$11.4B
| $8.42M | ﹤0.01% |
+118,953
| New | +$7.93M |
|
3092
Howmet Aerospace
HWM
$115B
| $8.42M | ﹤0.01% |
45,222
+779
| +2% | +$120K |
|
3093
PUT
Recursion Pharmaceuticals
RXRX
$1.69B
| $8.42M | ﹤0.01% |
1,663,100
+499,300
| +43% | +$2.45M |
|
3094
PUT
Energy Fuels
UUUU
$3.77B
| $8.41M | ﹤0.01% |
1,463,100
+692,500
| +90% | +$3.32M |
|
3095
CALL
Organon & Co
OGN
$3.6B
| $8.41M | ﹤0.01% |
868,900
+408,600
| +89% | +$4.21M |
|
3096
PUT
BlackLine
BL
$1.77B
| $8.4M | ﹤0.01% |
148,300
+128,500
| +649% | +$6.64M |
|
3097
CALL
Bitwise Bitcoin ETF
BITB
$2.41B
| $8.4M | ﹤0.01% |
143,300
-42,900
| -23% | -$2.3M |
|
3098
PUT
Omnicom Group
OMC
$24B
| $8.38M | ﹤0.01% |
116,500
+82,100
| +239% | +$6.06M |
|
3099
CALL
Centene
CNC
$33.3B
| $8.38M | ﹤0.01% |
154,400
-158,200
| -51% | -$9.28M |
|
3100
PUT
iShares Core S&P Small-Cap ETF
IJR
$114B
| $8.37M | ﹤0.01% |
76,600
+3,600
| +5% | +$372K |
|
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.