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 | |
|---|---|---|---|---|---|---|
3676
CALL
Jack Henry & Associates
JKHY
$10.9B
| $5.87M | ﹤0.01% |
32,600
+15,100
| +86% | +$2.68M |
|
3677
Novavax
NVAX
$1.33B
| $5.87M | ﹤0.01% |
931,726
+457,417
| +96% | +$3.03M |
|
3678
PUT
Manhattan Associates
MANH
$11.5B
| $5.86M | ﹤0.01% |
29,700
-13,600
| -31% | -$2.47M |
|
3679
Vanguard Financials ETF
VFH
$14B
| $5.86M | ﹤0.01% |
46,059
-11,529
| -20% | -$1.37M |
|
|
CPRX
3680
DELISTED
Catalyst Pharmaceutical
CPRX
| $5.86M | ﹤0.01% |
270,171
+34,299
| +15% | +$810K |
|
3681
PUT
Skywest
SKYW
$4.18B
| $5.86M | ﹤0.01% |
56,900
+25,500
| +81% | +$2.42M |
|
3682
CALL
Direxion Daily Energy Bear 2X ETF
ERY
$35.4M
| $5.86M | ﹤0.01% |
257,600
+69,400
| +37% | +$1.69M |
|
3683
PUT
Dana Inc
DAN
$3.26B
| $5.86M | ﹤0.01% |
341,400
+315,200
| +1,203% | +$4.71M |
|
3684
LivaNova
LIVN
$4.53B
| $5.85M | ﹤0.01% |
129,968
-26,169
| -17% | -$1.08M |
|
3685
Korn Ferry
KFY
$4.32B
| $5.85M | ﹤0.01% |
79,752
+8,980
| +13% | +$598K |
|
3686
Alkermes
ALKS
$8.23B
| $5.85M | ﹤0.01% |
204,389
-27,636
| -12% | -$822K |
|
3687
Equinox Gold
EQX
$13.5B
| $5.85M | ﹤0.01% |
1,016,664
+648,810
| +176% | +$4.21M |
|
3688
PUT
Axcelis
ACLS
$4.33B
| $5.84M | ﹤0.01% |
83,800
-10,100
| -11% | -$576K |
|
3689
Medpace
MEDP
$16.1B
| $5.84M | ﹤0.01% |
18,595
+1,739
| +10% | +$522K |
|
3690
iShares TIPS Bond ETF
TIP
$14.7B
| $5.83M | ﹤0.01% |
53,013
-165,630
| -76% | -$18.1M |
|
3691
PUT
Thomson Reuters
TRI
$44.9B
| $5.83M | ﹤0.01% |
28,552
+24,220
| +559% | +$4.61M |
|
3692
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$674M
| $5.83M | ﹤0.01% |
142,780
+98,560
| +223% | +$4.2M |
|
3693
Box
BOX
$4.52B
| $5.83M | ﹤0.01% |
170,691
-4,128
| -2% | -$135K |
|
3694
Nokia
NOK
$60.1B
| $5.83M | ﹤0.01% |
1,125,920
-618,215
| -35% | -$3.19M |
|
3695
Novanta
NOVT
$6.3B
| $5.83M | ﹤0.01% |
45,217
+1,251
| +3% | +$152K |
|
3696
CALL
Blue Owl Capital
OBDC
$5.78B
| $5.82M | ﹤0.01% |
405,600
-139,500
| -26% | -$1.98M |
|
3697
American Century Diversified Municipal Bond ETF
TAXF
$686M
| $5.81M | ﹤0.01% |
118,840
+110,603
| +1,343% | +$5.39M |
|
3698
Enpro
NPO
$7.27B
| $5.81M | ﹤0.01% |
30,334
+4,104
| +16% | +$702K |
|
3699
Harmony Gold Mining
HMY
$12.1B
| $5.81M | ﹤0.01% |
415,758
-35,224
| -8% | -$532K |
|
3700
PUT
Frontline
FRO
$9.17B
| $5.81M | ﹤0.01% |
353,800
-96,400
| -21% | -$1.64M |
|
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.