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 | |
|---|---|---|---|---|---|---|
3776
CALL
Carter's
CRI
$1.42B
| $5.58M | ﹤0.01% |
185,100
+112,100
| +154% | +$3.8M |
|
3777
Black Hills Corp
BKH
$5.66B
| $5.58M | ﹤0.01% |
99,389
-2,910
| -3% | -$170K |
|
3778
CALL
Omnicom Group
OMC
$24B
| $5.58M | ﹤0.01% |
77,500
-61,400
| -44% | -$4.54M |
|
3779
W.W. Grainger
GWW
$62.3B
| $5.57M | ﹤0.01% |
5,359
+1,781
| +50% | +$1.85M |
|
|
SW
3780
Smurfit Westrock
SW
$25.8B
| $5.57M | ﹤0.01% |
129,165
+69,397
| +116% | +$2.97M |
|
3781
ProShares UltraShort Silver
ZSL
$58M
| $5.57M | ﹤0.01% |
21,591
+18,157
| +529% | +$5.47M |
|
3782
PUT
BrightSpring Health Services
BTSG
$12.2B
| $5.57M | ﹤0.01% |
236,200
+223,000
| +1,689% | +$4.65M |
|
3783
CALL
Byrna Technologies
BYRN
$95.5M
| $5.56M | ﹤0.01% |
180,200
+87,700
| +95% | +$2.14M |
|
|
SEI
3784
CALL
Solaris Energy Infrastructure
SEI
$4.17B
| $5.56M | ﹤0.01% |
196,600
-218,600
| -53% | -$5.15M |
|
3785
TKO Group
TKO
$14.7B
| $5.56M | ﹤0.01% |
30,564
-2,667
| -8% | -$428K |
|
3786
Bankunited
BKU
$3.44B
| $5.56M | ﹤0.01% |
156,246
+3,020
| +2% | +$101K |
|
3787
CALL
iShares Core MSCI EAFE ETF
IEFA
$196B
| $5.56M | ﹤0.01% |
66,600
-11,300
| -15% | -$897K |
|
3788
FNB Corp
FNB
$6.93B
| $5.56M | ﹤0.01% |
381,034
-51,783
| -12% | -$700K |
|
3789
CNO Financial Group
CNO
$5.11B
| $5.55M | ﹤0.01% |
143,873
+19,758
| +16% | +$753K |
|
3790
PUT
Winnebago Industries
WGO
$892M
| $5.55M | ﹤0.01% |
191,400
+70,100
| +58% | +$2.3M |
|
3791
CALL
Erie Indemnity
ERIE
$13.4B
| $5.55M | ﹤0.01% |
16,000
-18,400
| -53% | -$6.83M |
|
|
NUVL
3792
DELISTED
Nuvalent
NUVL
| $5.55M | ﹤0.01% |
72,692
+23,736
| +48% | +$1.74M |
|
3793
Star Bulk Carriers
SBLK
$3.24B
| $5.54M | ﹤0.01% |
321,302
-140,610
| -30% | -$2.19M |
|
3794
PUT
Hormel Foods
HRL
$13.5B
| $5.54M | ﹤0.01% |
183,200
-46,300
| -20% | -$1.4M |
|
3795
CALL
Levi Strauss
LEVI
$8.68B
| $5.53M | ﹤0.01% |
299,100
+109,200
| +58% | +$1.82M |
|
3796
CALL
Amplify Blockchain Technology ETF
BLOK
$1.08B
| $5.53M | ﹤0.01% |
96,800
+49,500
| +105% | +$2.24M |
|
|
SA
3797
CALL
Seabridge Gold
SA
$3.62B
| $5.52M | ﹤0.01% |
380,200
+259,200
| +214% | +$3.29M |
|
3798
Equity Residential
EQR
$24.7B
| $5.51M | ﹤0.01% |
81,591
+43,074
| +112% | +$2.96M |
|
3799
Owens Corning
OC
$12.2B
| $5.51M | ﹤0.01% |
40,041
+16,726
| +72% | +$2.31M |
|
3800
Spire
SR
$4.9B
| $5.51M | ﹤0.01% |
75,434
-8,908
| -11% | -$667K |
|
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.