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 | |
|---|---|---|---|---|---|---|
3426
PUT
XPO
XPO
$24.7B
| $6.82M | ﹤0.01% |
54,000
+27,900
| +107% | +$3.13M |
|
3427
Warrior Met Coal
HCC
$5.19B
| $6.82M | ﹤0.01% |
148,795
+60,058
| +68% | +$2.79M |
|
3428
East-West Bancorp
EWBC
$18.7B
| $6.82M | ﹤0.01% |
67,529
-33,349
| -33% | -$2.95M |
|
3429
Evercore
EVR
$11.8B
| $6.82M | ﹤0.01% |
25,246
+3,682
| +17% | +$810K |
|
3430
PUT
Banc of California
BANC
$3.13B
| $6.81M | ﹤0.01% |
484,900
+330,500
| +214% | +$4.5M |
|
3431
PUT
Trex
TREX
$5.06B
| $6.8M | ﹤0.01% |
125,000
+104,400
| +507% | +$5.92M |
|
3432
CALL
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
FBL
$181M
| $6.79M | ﹤0.01% |
148,500
+91,800
| +162% | +$3.06M |
|
3433
CALL
iShares US Transportation ETF
IYT
$2.28B
| $6.79M | ﹤0.01% |
99,100
+82,200
| +486% | +$5.24M |
|
3434
CALL
CVR Partners
UAN
$1.31B
| $6.79M | ﹤0.01% |
76,400
+4,200
| +6% | +$338K |
|
3435
BlackRock US Equity Factor Rotation ETF
DYNF
$40.4B
| $6.78M | ﹤0.01% |
124,566
+107,524
| +631% | +$5.39M |
|
3436
Universal Health Services
UHS
$10B
| $6.78M | ﹤0.01% |
37,431
+20,344
| +119% | +$3.67M |
|
3437
InMode
INMD
$872M
| $6.78M | ﹤0.01% |
469,492
+340,433
| +264% | +$4.99M |
|
3438
Matador Resources
MTDR
$6.64B
| $6.78M | ﹤0.01% |
142,065
-53,742
| -27% | -$2.37M |
|
3439
Ingersoll Rand
IR
$32.3B
| $6.78M | ﹤0.01% |
81,456
+48,537
| +147% | +$3.82M |
|
|
ARR
3440
CALL
Armour Residential REIT
ARR
$2.37B
| $6.77M | ﹤0.01% |
402,900
-151,300
| -27% | -$2.43M |
|
3441
Qualys
QLYS
$6.44B
| $6.77M | ﹤0.01% |
47,401
-473
| -1% | -$62.6K |
|
|
CHX
3442
DELISTED
ChampionX
CHX
| $6.77M | ﹤0.01% |
272,617
+32,784
| +14% | +$825K |
|
3443
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.21B
| $6.77M | ﹤0.01% |
+141,513
| New | +$6.66M |
|
3444
Brighthouse Financial
BHF
$3.37B
| $6.76M | ﹤0.01% |
125,812
+114,616
| +1,024% | +$6.44M |
|
|
VTLE
3445
PUT
DELISTED
Vital Energy
VTLE
| $6.76M | ﹤0.01% |
420,300
+19,000
| +5% | +$311K |
|
|
MOMO
3446
PUT
Hello Group
MOMO
$850M
| $6.76M | ﹤0.01% |
801,200
+178,800
| +29% | +$1.17M |
|
3447
CALL
J&J Snack Foods
JJSF
$1.67B
| $6.76M | ﹤0.01% |
59,600
+600
| +1% | +$72.9K |
|
3448
PUT
ProShares UltraShort S&P500
SDS
$366M
| $6.75M | ﹤0.01% |
81,140
-3,140
| -4% | -$312K |
|
|
SMCX
3449
Defiance Daily Target 2X Long SMCI ETF
SMCX
$305M
| $6.75M | ﹤0.01% |
68,328
+43,970
| +181% | +$3.05M |
|
3450
Galicia Financial Group
GGAL
$6.97B
| $6.75M | ﹤0.01% |
134,045
+87,359
| +187% | +$5M |
|
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.