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 | |
|---|---|---|---|---|---|---|
3601
Emcor
EME
$36.9B
| $6.19M | ﹤0.01% |
11,574
-4,381
| -27% | -$1.93M |
|
3602
CALL
MoonLake Immunotherapeutics
MLTX
$1.4B
| $6.18M | ﹤0.01% |
131,000
+64,200
| +96% | +$2.62M |
|
3603
CALL
Under Armour
UAA
$2.3B
| $6.18M | ﹤0.01% |
904,900
+657,900
| +266% | +$4.1M |
|
3604
VanEck Morningstar Wide Moat ETF
MOAT
$12.4B
| $6.17M | ﹤0.01% |
65,807
+23,348
| +55% | +$2.05M |
|
3605
Coherent
COHR
$63.7B
| $6.16M | ﹤0.01% |
69,066
-369,043
| -84% | -$26.6M |
|
3606
Franklin Electric
FELE
$4.68B
| $6.15M | ﹤0.01% |
68,570
+11,228
| +20% | +$985K |
|
3607
Avery Dennison
AVY
$13.6B
| $6.15M | ﹤0.01% |
35,060
+25,134
| +253% | +$4.41M |
|
3608
CarMax
KMX
$8.5B
| $6.15M | ﹤0.01% |
91,514
+42,579
| +87% | +$2.86M |
|
3609
Portland General Electric
POR
$5.97B
| $6.15M | ﹤0.01% |
151,334
+7,605
| +5% | +$319K |
|
3610
CALL
Nexstar Media Group
NXST
$5.84B
| $6.14M | ﹤0.01% |
35,500
-21,900
| -38% | -$3.59M |
|
3611
KB Home
KBH
$3.44B
| $6.13M | ﹤0.01% |
115,715
+5,169
| +5% | +$275K |
|
3612
iShares Global Energy ETF
IXC
$2.77B
| $6.13M | ﹤0.01% |
155,993
+61,814
| +66% | +$2.37M |
|
3613
CF Industries
CF
$17.9B
| $6.13M | ﹤0.01% |
66,602
+16,508
| +33% | +$1.41M |
|
3614
PUT
Dave & Buster's
PLAY
$354M
| $6.12M | ﹤0.01% |
203,600
+109,400
| +116% | +$2.47M |
|
3615
First Bancorp
FBP
$4.53B
| $6.12M | ﹤0.01% |
293,597
-5,353
| -2% | -$105K |
|
|
VOYG
3616
PUT
Voyager Technologies
VOYG
$2.6B
| $6.11M | ﹤0.01% |
+155,700
| New | +$7.42M |
|
3617
PUT
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.76B
| $6.11M | ﹤0.01% |
73,900
+53,200
| +257% | +$4.18M |
|
3618
CALL
Direxion Daily AMZN Bull 2X ETF
AMZU
$309M
| $6.1M | ﹤0.01% |
166,400
+36,400
| +28% | +$1.12M |
|
|
ETNB
3619
PUT
DELISTED
89bio
ETNB
| $6.08M | ﹤0.01% |
619,600
+539,900
| +677% | +$4.47M |
|
3620
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $6.08M | ﹤0.01% |
80,500
+8,800
| +12% | +$604K |
|
3621
Sysco
SYY
$39.7B
| $6.08M | ﹤0.01% |
80,236
+3,474
| +5% | +$252K |
|
3622
iShares Intermediate Government/Credit Bond ETF
GVI
$3.8B
| $6.07M | ﹤0.01% |
56,802
+46,482
| +450% | +$4.92M |
|
3623
Alexandria Real Estate Equities
ARE
$8.28B
| $6.06M | ﹤0.01% |
83,499
-5,720
| -6% | -$425K |
|
3624
Advanced Energy
AEIS
$13.2B
| $6.06M | ﹤0.01% |
45,741
-3,413
| -7% | -$376K |
|
3625
CALL
Teladoc Health
TDOC
$1.24B
| $6.06M | ﹤0.01% |
695,500
-829,200
| -54% | -$6.01M |
|
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.