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 | |
|---|---|---|---|---|---|---|
|
ONC
3576
CALL
BeOne Medicines Ltd
ONC
$39.3B
| $6.27M | ﹤0.01% |
25,900
-2,400
| -8% | -$589K |
|
3577
CALL
Madison Square Garden
MSGS
$9.8B
| $6.27M | ﹤0.01% |
30,000
-6,200
| -17% | -$1.19M |
|
3578
Altimmune
ALT
$572M
| $6.27M | ﹤0.01% |
1,619,747
+543,683
| +51% | +$2.94M |
|
|
SERV
3579
PUT
Serve Robotics
SERV
$433M
| $6.27M | ﹤0.01% |
547,800
-187,600
| -26% | -$1.65M |
|
3580
Zions Bancorporation
ZION
$10.5B
| $6.27M | ﹤0.01% |
120,654
-40,245
| -25% | -$1.89M |
|
3581
CNX Resources
CNX
$5.28B
| $6.27M | ﹤0.01% |
186,059
-26,669
| -13% | -$840K |
|
3582
PUT
Gaming and Leisure Properties
GLPI
$12.7B
| $6.26M | ﹤0.01% |
134,200
+113,100
| +536% | +$5.34M |
|
3583
State Street Ultra Short Term Bond ETF
ULST
$527M
| $6.26M | ﹤0.01% |
+153,912
| New | +$6.24M |
|
3584
CALL
Domo
DOMO
$184M
| $6.25M | ﹤0.01% |
447,200
+404,400
| +945% | +$4.07M |
|
|
FNGU
3585
MicroSectors FANG+ 3x Leveraged ETNs due Feb 17 2045
FNGU
$2.64B
| $6.25M | ﹤0.01% |
250,996
+232,092
| +1,228% | +$4.01M |
|
3586
PUT
Western Union
WU
$2.32B
| $6.24M | ﹤0.01% |
741,400
-29,600
| -4% | -$281K |
|
3587
CALL
Array Technologies
ARRY
$778M
| $6.24M | ﹤0.01% |
1,057,700
+432,100
| +69% | +$2.62M |
|
3588
PUT
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.74B
| $6.24M | ﹤0.01% |
82,200
+42,700
| +108% | +$3.16M |
|
3589
PUT
Sharplink Inc
SBET
$1.36B
| $6.24M | ﹤0.01% |
+627,900
| New | +$8.51M |
|
3590
PUT
Harmony Gold Mining
HMY
$12.1B
| $6.23M | ﹤0.01% |
446,200
+167,000
| +60% | +$2.52M |
|
3591
CALL
Genworth Financial
GNW
$3.84B
| $6.23M | ﹤0.01% |
800,500
+289,900
| +57% | +$2.03M |
|
3592
CALL
Microvast
MVST
$322M
| $6.23M | ﹤0.01% |
1,715,200
+1,385,400
| +420% | +$4.05M |
|
3593
PUT
Sun Communities
SUI
$15B
| $6.22M | ﹤0.01% |
49,200
+14,100
| +40% | +$1.75M |
|
|
SA
3594
PUT
Seabridge Gold
SA
$3.62B
| $6.22M | ﹤0.01% |
428,500
+220,400
| +106% | +$2.8M |
|
3595
CALL
Axos Financial
AX
$5.8B
| $6.22M | ﹤0.01% |
81,800
+25,500
| +45% | +$1.72M |
|
3596
Direxion Daily AMZN Bull 2X ETF
AMZU
$309M
| $6.22M | ﹤0.01% |
169,604
+100,229
| +144% | +$3.1M |
|
3597
iShares MSCI USA Size Factor ETF
SIZE
$447M
| $6.22M | ﹤0.01% |
40,220
-7,298
| -15% | -$1.06M |
|
3598
BNY Mellon Core Bond ETF
BKAG
$2.23B
| $6.19M | ﹤0.01% |
146,851
+34,545
| +31% | +$1.44M |
|
3599
Western Digital
WDC
$175B
| $6.19M | ﹤0.01% |
96,772
-153,134
| -61% | -$7.29M |
|
3600
Palomar
PLMR
$3.37B
| $6.19M | ﹤0.01% |
40,138
+9,036
| +29% | +$1.4M |
|
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.