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 | |
|---|---|---|---|---|---|---|
3726
CALL
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$740M
| $5.73M | ﹤0.01% |
109,200
-61,300
| -36% | -$3.17M |
|
3727
CALL
Digital Turbine
APPS
$1.51B
| $5.72M | ﹤0.01% |
969,300
+286,500
| +42% | +$1.18M |
|
3728
Alamo Group
ALG
$2.01B
| $5.71M | ﹤0.01% |
26,152
+13,679
| +110% | +$2.61M |
|
3729
Universal Technical Institute
UTI
$1.39B
| $5.71M | ﹤0.01% |
168,514
+47,265
| +39% | +$1.48M |
|
3730
Knife River
KNF
$3.77B
| $5.71M | ﹤0.01% |
69,921
-5,079
| -7% | -$462K |
|
3731
CALL
BlackSky Technology
BKSY
$1.27B
| $5.71M | ﹤0.01% |
277,300
+204,500
| +281% | +$2.2M |
|
3732
CALL
NovoCure
NVCR
$1.97B
| $5.71M | ﹤0.01% |
320,600
-68,200
| -18% | -$1.19M |
|
3733
Moelis & Co
MC
$5.07B
| $5.71M | ﹤0.01% |
91,549
+3,626
| +4% | +$204K |
|
3734
Consolidated Edison
ED
$40.2B
| $5.7M | ﹤0.01% |
56,796
-21,194
| -27% | -$2.24M |
|
|
APLS
3735
DELISTED
Apellis Pharmaceuticals
APLS
| $5.69M | ﹤0.01% |
328,726
+299,221
| +1,014% | +$5.54M |
|
3736
CALL
Global Ship Lease
GSL
$1.52B
| $5.69M | ﹤0.01% |
216,200
+102,600
| +90% | +$2.4M |
|
3737
PUT
Barclays
BCS
$94.7B
| $5.68M | ﹤0.01% |
305,500
-447,800
| -59% | -$7.41M |
|
3738
PUT
Trimble
TRMB
$13.4B
| $5.68M | ﹤0.01% |
74,700
-88,600
| -54% | -$5.95M |
|
3739
CALL
United States Brent Oil Fund
BNO
$785M
| $5.67M | ﹤0.01% |
194,400
+164,500
| +550% | +$4.63M |
|
3740
PUT
Portillo's
PTLO
$374M
| $5.67M | ﹤0.01% |
486,000
+41,900
| +9% | +$483K |
|
3741
CALL
Cemex
CX
$16B
| $5.67M | ﹤0.01% |
817,900
+189,100
| +30% | +$1.2M |
|
3742
PUT
iShares US Financials ETF
IYF
$4.43B
| $5.66M | ﹤0.01% |
46,800
+42,800
| +1,070% | +$4.82M |
|
3743
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $5.66M | ﹤0.01% |
40,800
+14,900
| +58% | +$1.88M |
|
3744
TripAdvisor
TRIP
$1.26B
| $5.65M | ﹤0.01% |
433,099
-318,142
| -42% | -$4.25M |
|
3745
Atmos Energy
ATO
$28.7B
| $5.65M | ﹤0.01% |
36,671
+9,739
| +36% | +$1.51M |
|
3746
Sensient Technologies
SXT
$5.68B
| $5.65M | ﹤0.01% |
57,356
+60
| +0.1% | +$5.37K |
|
3747
BP
BP
$110B
| $5.65M | ﹤0.01% |
188,685
-65,113
| -26% | -$1.91M |
|
3748
Global X MSCI Argentina ETF
ARGT
$808M
| $5.65M | ﹤0.01% |
66,625
-19,128
| -22% | -$1.65M |
|
3749
PagSeguro Digital
PAGS
$2.4B
| $5.64M | ﹤0.01% |
585,274
+121,083
| +26% | +$1.09M |
|
3750
PUT
Murphy Oil
MUR
$4.96B
| $5.64M | ﹤0.01% |
250,700
+120,400
| +92% | +$2.68M |
|
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.