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 | |
|---|---|---|---|---|---|---|
3401
CALL
KULR Technology Group
KULR
$122M
| $6.9M | ﹤0.01% |
967,600
+738,387
| +322% | +$7M |
|
3402
PUT
Unum
UNM
$14.8B
| $6.9M | ﹤0.01% |
85,400
-38,200
| -31% | -$3.02M |
|
3403
Kinetik
KNTK
$4.3B
| $6.89M | ﹤0.01% |
156,403
-964
| -0.6% | -$42.3K |
|
3404
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $6.89M | ﹤0.01% |
166,300
-25,200
| -13% | -$1.03M |
|
3405
Symbotic
SYM
$5.55B
| $6.89M | ﹤0.01% |
+177,232
| New | +$4.64M |
|
3406
Hartford Financial Services
HIG
$37.8B
| $6.88M | ﹤0.01% |
54,258
-16,715
| -24% | -$2.08M |
|
|
GAP
3407
The Gap Inc
GAP
$7.42B
| $6.88M | ﹤0.01% |
315,429
-215,877
| -41% | -$4.82M |
|
3408
Fluence Energy
FLNC
$2.43B
| $6.87M | ﹤0.01% |
1,024,390
+637,441
| +165% | +$3.04M |
|
3409
Lincoln National
LNC
$8.7B
| $6.87M | ﹤0.01% |
198,589
+152,787
| +334% | +$5M |
|
3410
CALL
Carlisle Companies
CSL
$14.7B
| $6.87M | ﹤0.01% |
18,400
+2,200
| +14% | +$817K |
|
3411
Planet Labs
PL
$8.8B
| $6.87M | ﹤0.01% |
1,125,579
+476,445
| +73% | +$1.95M |
|
3412
PUT
Patterson-UTI
PTEN
$4.34B
| $6.87M | ﹤0.01% |
1,157,800
+33,100
| +3% | +$199K |
|
3413
Vital Farms
VITL
$468M
| $6.86M | ﹤0.01% |
178,199
+127,849
| +254% | +$4.32M |
|
3414
PUT
Kyndryl
KD
$2.87B
| $6.86M | ﹤0.01% |
163,400
-299,900
| -65% | -$10.8M |
|
3415
PUT
Trupanion
TRUP
$1.34B
| $6.85M | ﹤0.01% |
123,800
-40,600
| -25% | -$1.8M |
|
3416
CALL
PBF Energy
PBF
$8.52B
| $6.85M | ﹤0.01% |
316,200
+51,100
| +19% | +$971K |
|
3417
CALL
Saia
SAIA
$10.3B
| $6.85M | ﹤0.01% |
25,000
+13,600
| +119% | +$3.88M |
|
3418
Zurn Elkay Water Solutions
ZWS
$8.45B
| $6.84M | ﹤0.01% |
187,167
+14,625
| +8% | +$503K |
|
|
MOMO
3419
CALL
Hello Group
MOMO
$850M
| $6.84M | ﹤0.01% |
810,800
+560,800
| +224% | +$3.67M |
|
3420
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $6.84M | ﹤0.01% |
+86,061
| New | +$6.78M |
|
|
SNV
3421
DELISTED
Synovus
SNV
| $6.84M | ﹤0.01% |
132,146
-42,099
| -24% | -$1.93M |
|
3422
IDEX
IEX
$17.6B
| $6.83M | ﹤0.01% |
38,930
+32,928
| +549% | +$5.84M |
|
3423
iShares US Aerospace & Defense ETF
ITA
$15.1B
| $6.83M | ﹤0.01% |
36,223
-41,269
| -53% | -$6.85M |
|
3424
Revolution Medicines
RVMD
$43.7B
| $6.83M | ﹤0.01% |
185,669
-58,384
| -24% | -$2.24M |
|
3425
PUT
Jazz Pharmaceuticals
JAZZ
$15.9B
| $6.82M | ﹤0.01% |
64,300
+7,500
| +13% | +$815K |
|
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.