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 | |
|---|---|---|---|---|---|---|
3701
Bath & Body Works
BBWI
$3.91B
| $5.81M | ﹤0.01% |
193,773
-136,176
| -41% | -$3.99M |
|
3702
United States Lime & Minerals
USLM
$3.37B
| $5.8M | ﹤0.01% |
58,143
-11,449
| -16% | -$1.12M |
|
|
WRD
3703
PUT
WeRide Inc
WRD
$1.92B
| $5.8M | ﹤0.01% |
+736,300
| New | +$6.57M |
|
3704
CALL
Keros Therapeutics
KROS
$200M
| $5.8M | ﹤0.01% |
434,500
+232,200
| +115% | +$3.13M |
|
3705
Burford Capital
BUR
$960M
| $5.8M | ﹤0.01% |
406,561
+76,367
| +23% | +$998K |
|
3706
PUT
NexGen Energy
NXE
$6.97B
| $5.8M | ﹤0.01% |
835,100
-1,853,000
| -69% | -$10.5M |
|
3707
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $5.79M | ﹤0.01% |
136,000
-6,200
| -4% | -$245K |
|
3708
Addus HomeCare
ADUS
$2.17B
| $5.79M | ﹤0.01% |
50,278
+28,710
| +133% | +$3.1M |
|
3709
GDS Holdings
GDS
$6.89B
| $5.79M | ﹤0.01% |
+189,414
| New | +$4.8M |
|
3710
CALL
WillScot Mobile Mini Holdings
WSC
$4.31B
| $5.79M | ﹤0.01% |
211,200
-320,900
| -60% | -$8.55M |
|
3711
CALL
Broadridge
BR
$19.5B
| $5.78M | ﹤0.01% |
23,800
-13,900
| -37% | -$3.3M |
|
3712
PUT
Lumen
LUMN
$6.93B
| $5.78M | ﹤0.01% |
1,319,900
+99,200
| +8% | +$384K |
|
3713
Eastern Bankshares
EBC
$5.4B
| $5.78M | ﹤0.01% |
378,309
-201,405
| -35% | -$3.02M |
|
3714
Mid-America Apartment Communities
MAA
$15.5B
| $5.77M | ﹤0.01% |
39,007
+26,412
| +210% | +$4.12M |
|
3715
CALL
Pinnacle West Capital
PNW
$12.3B
| $5.77M | ﹤0.01% |
64,500
+13,900
| +27% | +$1.27M |
|
3716
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.3B
| $5.77M | ﹤0.01% |
63,408
+31,835
| +101% | +$2.73M |
|
3717
CALL
Gen Digital
GEN
$17B
| $5.77M | ﹤0.01% |
196,100
-190,500
| -49% | -$5.21M |
|
3718
CALL
Fomento Económico Mexicano
FMX
$40.3B
| $5.76M | ﹤0.01% |
55,900
+25,500
| +84% | +$2.63M |
|
3719
CALL
National Vision
EYE
$1.53B
| $5.75M | ﹤0.01% |
250,000
+62,500
| +33% | +$1.07M |
|
3720
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $5.75M | ﹤0.01% |
105,713
-33,478
| -24% | -$1.87M |
|
3721
Camtek
CAMT
$7.72B
| $5.74M | ﹤0.01% |
67,915
-270,516
| -80% | -$18.2M |
|
3722
WSFS Financial
WSFS
$4.17B
| $5.74M | ﹤0.01% |
104,391
-10,066
| -9% | -$523K |
|
3723
iShares MSCI ACWI ETF
ACWI
$33.6B
| $5.74M | ﹤0.01% |
44,640
+2,249
| +5% | +$270K |
|
3724
CALL
Invesco CurrencyShares Swiss Franc Trust
FXF
$395M
| $5.74M | ﹤0.01% |
51,300
+48,300
| +1,610% | +$5.19M |
|
3725
Nektar Therapeutics
NKTR
$2.49B
| $5.73M | ﹤0.01% |
221,891
+184,744
| +497% | +$2.07M |
|
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.