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 | |
|---|---|---|---|---|---|---|
3226
CALL
Schrodinger
SDGR
$1.32B
| $7.71M | ﹤0.01% |
383,300
+97,900
| +34% | +$2.24M |
|
3227
YieldMax NVDA Option Income Strategy ETF
NVDY
$1.47B
| $7.71M | ﹤0.01% |
459,829
+261,730
| +132% | +$4.05M |
|
3228
PUT
New Oriental
EDU
$8.36B
| $7.71M | ﹤0.01% |
142,900
-94,400
| -40% | -$4.48M |
|
3229
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $7.69M | ﹤0.01% |
250,772
+97,870
| +64% | +$2.95M |
|
3230
Tidewater
TDW
$4.69B
| $7.69M | ﹤0.01% |
166,775
+61,031
| +58% | +$2.47M |
|
3231
PUT
Western Alliance Bancorporation
WAL
$8.98B
| $7.69M | ﹤0.01% |
98,600
+11,400
| +13% | +$819K |
|
3232
CALL
Harmony Biosciences
HRMY
$2.22B
| $7.69M | ﹤0.01% |
243,300
+127,300
| +110% | +$4.1M |
|
3233
Invesco Total Return Bond ETF
GTO
$2.47B
| $7.69M | ﹤0.01% |
163,910
+112,788
| +221% | +$5.23M |
|
3234
ARK Web x.0 ETF
ARKW
$1.8B
| $7.68M | ﹤0.01% |
52,034
-20,550
| -28% | -$2.35M |
|
3235
CALL
Travel + Leisure Co
TNL
$4.63B
| $7.68M | ﹤0.01% |
148,800
+51,000
| +52% | +$2.4M |
|
3236
PUT
Zebra Technologies
ZBRA
$17.8B
| $7.68M | ﹤0.01% |
24,900
+3,200
| +15% | +$869K |
|
3237
First Financial Bankshares
FFIN
$5.06B
| $7.68M | ﹤0.01% |
213,369
+3,709
| +2% | +$129K |
|
3238
ProShares Ultra Gold
UGL
$801M
| $7.67M | ﹤0.01% |
221,315
+69,615
| +46% | +$2.42M |
|
|
SA
3239
Seabridge Gold
SA
$3.62B
| $7.66M | ﹤0.01% |
527,835
+156,338
| +42% | +$1.99M |
|
3240
CALL
Novavax
NVAX
$1.33B
| $7.66M | ﹤0.01% |
1,215,900
-115,200
| -9% | -$763K |
|
3241
CALL
Toro Company
TTC
$9.37B
| $7.64M | ﹤0.01% |
108,100
+1,300
| +1% | +$92.2K |
|
3242
CALL
Hormel Foods
HRL
$13.5B
| $7.64M | ﹤0.01% |
252,500
+48,000
| +23% | +$1.45M |
|
3243
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.79B
| $7.63M | ﹤0.01% |
+201,113
| New | +$7.35M |
|
3244
United Natural Foods
UNFI
$2.93B
| $7.63M | ﹤0.01% |
327,482
+244,950
| +297% | +$6.39M |
|
3245
PUT
Essex Property Trust
ESS
$18.5B
| $7.62M | ﹤0.01% |
26,900
+13,500
| +101% | +$3.79M |
|
3246
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.19B
| $7.62M | ﹤0.01% |
35,971
+14,216
| +65% | +$2.8M |
|
|
JBTM
3247
JBT Marel
JBTM
$6.23B
| $7.61M | ﹤0.01% |
63,321
+5,292
| +9% | +$591K |
|
3248
PUT
Reinsurance Group of America
RGA
$16.3B
| $7.6M | ﹤0.01% |
38,300
+31,600
| +472% | +$6.17M |
|
3249
CALL
Amer Sports
AS
$19.1B
| $7.6M | ﹤0.01% |
196,000
+171,900
| +713% | +$5.29M |
|
3250
Lennox International
LII
$14.6B
| $7.59M | ﹤0.01% |
13,238
+8,576
| +184% | +$4.8M |
|
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.