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 | |
|---|---|---|---|---|---|---|
326
CALL
W.W. Grainger
GWW
$61.5B
| $314M | 0.04% |
301,500
-96,600
| -24% | -$100M |
|
327
CALL
Capital One
COF
$136B
| $311M | 0.04% |
1,462,200
+129,600
| +10% | +$24.2M |
|
328
iShares MSCI EAFE ETF
EFA
$80.2B
| $310M | 0.04% |
3,466,755
+2,425,391
| +233% | +$207M |
|
329
CALL
Vanguard Information Technology ETF
VGT
$149B
| $308M | 0.04% |
3,713,600
-484,000
| -12% | -$35.2M |
|
330
PUT
Workday
WDAY
$43.3B
| $308M | 0.04% |
1,282,100
+585,800
| +84% | +$143M |
|
331
CALL
Starbucks
SBUX
$124B
| $307M | 0.04% |
3,348,200
-497,300
| -13% | -$43.1M |
|
332
PUT
iShares China Large-Cap ETF
FXI
$4.2B
| $305M | 0.04% |
8,304,500
-1,230,900
| -13% | -$43.1M |
|
333
CALL
Humana
HUM
$46.7B
| $303M | 0.04% |
1,239,400
+114,600
| +10% | +$28.6M |
|
|
B
334
CALL
Barrick Mining
B
$67.9B
| $303M | 0.04% |
14,534,700
+2,848,900
| +24% | +$55.7M |
|
335
CALL
Marathon Digital Holdings
MARA
$3.72B
| $300M | 0.04% |
19,149,700
+6,045,500
| +46% | +$86.6M |
|
336
PUT
Hilton Worldwide
HLT
$72.6B
| $300M | 0.04% |
1,126,000
+475,100
| +73% | +$113M |
|
337
CALL
Affirm
AFRM
$24.6B
| $300M | 0.04% |
4,336,800
-472,700
| -10% | -$24.5M |
|
338
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $300M | 0.04% |
3,127,300
+1,321,100
| +73% | +$125M |
|
339
PUT
United Parcel Service
UPS
$88.4B
| $299M | 0.04% |
2,964,900
+58,500
| +2% | +$5.76M |
|
340
PUT
Ulta Beauty
ULTA
$22.9B
| $298M | 0.04% |
637,700
+86,400
| +16% | +$35.7M |
|
341
PUT
Freeport-McMoran
FCX
$96.9B
| $298M | 0.04% |
6,871,100
-541,600
| -7% | -$20.6M |
|
342
CALL
T-Mobile US
TMUS
$190B
| $296M | 0.04% |
1,244,000
-331,800
| -21% | -$81M |
|
343
PUT
DoorDash
DASH
$92.1B
| $296M | 0.04% |
1,200,800
-674,300
| -36% | -$135M |
|
344
CALL
RTX Corp
RTX
$300B
| $296M | 0.04% |
2,026,600
+75,000
| +4% | +$9.99M |
|
345
CALL
Cigna
CI
$73.3B
| $295M | 0.04% |
891,500
+292,600
| +49% | +$94.3M |
|
346
PUT
Occidental Petroleum
OXY
$58.5B
| $294M | 0.04% |
7,003,700
+878,800
| +14% | +$36.7M |
|
347
PUT
Dollar Tree
DLTR
$24.7B
| $294M | 0.04% |
2,970,100
-53,100
| -2% | -$4.58M |
|
348
CALL
Agnico Eagle Mines
AEM
$93.8B
| $294M | 0.04% |
2,473,100
+132,000
| +6% | +$15.3M |
|
349
CALL
Delta Air Lines
DAL
$59.1B
| $294M | 0.04% |
5,980,200
-1,146,200
| -16% | -$52.6M |
|
|
350
CALL
Freeport-McMoran
FCX
$96.9B
| $291M | 0.04% |
6,720,700
-4,616,800
| -41% | -$175M |
|
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.