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 | |
|---|---|---|---|---|---|---|
3851
JPMorgan BetaBuilders Emerging Markets Equity ETF
BBEM
$858M
| $5.36M | ﹤0.01% |
92,081
+54,253
| +143% | +$2.95M |
|
3852
Skyward Specialty Insurance
SKWD
$2.42B
| $5.35M | ﹤0.01% |
92,634
+7,668
| +9% | +$442K |
|
|
CIM
3853
PUT
Chimera Investment
CIM
$988M
| $5.35M | ﹤0.01% |
385,700
+258,400
| +203% | +$3.3M |
|
3854
CALL
Commercial Metals
CMC
$7.92B
| $5.35M | ﹤0.01% |
109,300
+82,000
| +300% | +$3.8M |
|
3855
PUT
Amcor
AMCR
$21.3B
| $5.34M | ﹤0.01% |
116,260
-67,980
| -37% | -$3.14M |
|
3856
CALL
Sabre
SABR
$900M
| $5.34M | ﹤0.01% |
1,689,800
-316,900
| -16% | -$813K |
|
|
ECHO
3857
EchoStar
ECHO
$26.7B
| $5.34M | ﹤0.01% |
192,732
-158,172
| -45% | -$3.47M |
|
3858
Tyler Technologies
TYL
$13.5B
| $5.33M | ﹤0.01% |
8,998
-663
| -7% | -$375K |
|
|
SEE
3859
DELISTED
Sealed Air
SEE
| $5.33M | ﹤0.01% |
171,835
-287,857
| -63% | -$8.56M |
|
3860
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.39B
| $5.33M | ﹤0.01% |
31,508
+5,616
| +22% | +$829K |
|
3861
CALL
Phathom Pharmaceuticals
PHAT
$775M
| $5.32M | ﹤0.01% |
554,900
+524,600
| +1,731% | +$2.9M |
|
3862
PUT
NewMarket
NEU
$8.85B
| $5.32M | ﹤0.01% |
7,700
+6,900
| +863% | +$4.28M |
|
3863
NMI Holdings
NMIH
$3.44B
| $5.32M | ﹤0.01% |
126,034
-12,795
| -9% | -$481K |
|
3864
Raymond James Financial
RJF
$34.8B
| $5.32M | ﹤0.01% |
34,664
+17,084
| +97% | +$2.45M |
|
3865
Janux Therapeutics
JANX
$986M
| $5.31M | ﹤0.01% |
229,989
-138,946
| -38% | -$3.66M |
|
3866
PUT
Vodafone
VOD
$37.9B
| $5.31M | ﹤0.01% |
497,900
-106,200
| -18% | -$1.03M |
|
3867
Sabra Healthcare REIT
SBRA
$5.19B
| $5.3M | ﹤0.01% |
287,677
+6,549
| +2% | +$116K |
|
3868
CALL
Copa Holdings
CPA
$6.14B
| $5.3M | ﹤0.01% |
48,200
-76,600
| -61% | -$7.56M |
|
3869
Eversource Energy
ES
$27.2B
| $5.3M | ﹤0.01% |
83,282
+56,669
| +213% | +$3.49M |
|
3870
Western Midstream Partners
WES
$20.2B
| $5.3M | ﹤0.01% |
136,900
-22,899
| -14% | -$871K |
|
3871
PUT
Ambev
ABEV
$43.2B
| $5.29M | ﹤0.01% |
2,195,500
+1,413,800
| +181% | +$3.44M |
|
|
CHYM
3872
PUT
Chime Financial
CHYM
$12.1B
| $5.29M | ﹤0.01% |
+153,300
| New | +$5.05M |
|
3873
Incyte
INCY
$24.4B
| $5.29M | ﹤0.01% |
77,626
+31,732
| +69% | +$2.01M |
|
3874
CALL
Steris
STE
$22.7B
| $5.28M | ﹤0.01% |
22,000
+12,000
| +120% | +$2.79M |
|
3875
Western Union
WU
$2.32B
| $5.28M | ﹤0.01% |
627,415
+521,202
| +491% | +$4.95M |
|
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.