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 | |
|---|---|---|---|---|---|---|
301
CALL
Philip Morris
PM
$290B
| $346M | 0.05% |
1,897,700
-358,900
| -16% | -$61.6M |
|
302
CALL
Honeywell
HON
$74.6B
| $344M | 0.05% |
1,568,476
-602,967
| -28% | -$122M |
|
303
PUT
Zscaler
ZS
$28.7B
| $344M | 0.05% |
1,094,900
+164,200
| +18% | +$40.9M |
|
304
PUT
Fair Isaac
FICO
$22.6B
| $343M | 0.05% |
187,400
+141,600
| +309% | +$266M |
|
305
PUT
ARK Innovation ETF
ARKK
$6.44B
| $342M | 0.05% |
4,858,600
+1,857,200
| +62% | +$102M |
|
306
PUT
KLA
KLAC
$272B
| $340M | 0.05% |
3,795,000
+1,319,000
| +53% | +$99.2M |
|
307
PUT
Teradyne
TER
$63B
| $335M | 0.05% |
3,722,600
+2,684,500
| +259% | +$214M |
|
308
Adobe
ADBE
$103B
| $333M | 0.05% |
859,493
+518,327
| +152% | +$200M |
|
309
PUT
Dollar General
DG
$26.4B
| $331M | 0.05% |
2,892,000
-170,300
| -6% | -$16.9M |
|
310
PUT
MongoDB
MDB
$35.2B
| $329M | 0.05% |
1,567,800
-117,000
| -7% | -$21.6M |
|
311
PUT
Deere & Co
DE
$167B
| $329M | 0.05% |
647,300
-74,900
| -10% | -$36.7M |
|
312
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.5B
| $328M | 0.05% |
3,959,300
+2,024,500
| +105% | +$162M |
|
313
PUT
American Express
AXP
$232B
| $328M | 0.05% |
1,029,300
-272,600
| -21% | -$76.7M |
|
314
CALL
Sea Limited
SE
$78.5B
| $328M | 0.05% |
2,052,200
-578,100
| -22% | -$83.7M |
|
315
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $327M | 0.05% |
4,058,700
-5,630,000
| -58% | -$444M |
|
316
Citigroup
C
$231B
| $326M | 0.05% |
3,824,041
+924,254
| +32% | +$66.8M |
|
317
PUT
Baidu
BIDU
$35.6B
| $322M | 0.04% |
3,750,700
-749,200
| -17% | -$64.6M |
|
318
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $320M | 0.04% |
2,370,600
+818,300
| +53% | +$110M |
|
319
CALL
United Parcel Service
UPS
$88.4B
| $319M | 0.04% |
3,161,600
+13,200
| +0.4% | +$1.3M |
|
320
PUT
Humana
HUM
$46.7B
| $318M | 0.04% |
1,301,700
-103,800
| -7% | -$25.9M |
|
|
SCHW
321
CALL
Charles Schwab
SCHW
$189B
| $318M | 0.04% |
3,486,500
+759,000
| +28% | +$63.6M |
|
322
CALL
Accenture
ACN
$110B
| $318M | 0.04% |
1,063,300
-118,800
| -10% | -$36.2M |
|
323
PUT
Starbucks
SBUX
$124B
| $315M | 0.04% |
3,439,200
-537,000
| -14% | -$46.5M |
|
324
iShares Core S&P 500 ETF
IVV
$904B
| $315M | 0.04% |
507,512
+411,017
| +426% | +$236M |
|
325
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
| $315M | 0.04% |
7,710,600
+510,000
| +7% | +$20.3M |
|
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.