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 | |
|---|---|---|---|---|---|---|
|
ETH
3901
CALL
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.72B
| $5.19M | ﹤0.01% |
+218,800
| New | +$4.53M |
|
|
MAG
3902
CALL
DELISTED
MAG Silver
MAG
| $5.19M | ﹤0.01% |
245,600
-249,800
| -50% | -$4.44M |
|
3903
BGC Group
BGC
$5.33B
| $5.19M | ﹤0.01% |
506,941
+56,538
| +13% | +$519K |
|
3904
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.88B
| $5.18M | ﹤0.01% |
107,751
+86,474
| +406% | +$4.13M |
|
3905
iShares Core MSCI Pacific ETF
IPAC
$2.78B
| $5.17M | ﹤0.01% |
75,291
+52,777
| +234% | +$3.43M |
|
3906
Ambev
ABEV
$43.2B
| $5.17M | ﹤0.01% |
2,144,681
+1,573,028
| +275% | +$3.83M |
|
3907
CALL
Apogee Therapeutics
APGE
$10.2B
| $5.16M | ﹤0.01% |
118,900
+34,300
| +41% | +$1.3M |
|
3908
PUT
Eldorado Gold
EGO
$10.4B
| $5.16M | ﹤0.01% |
253,800
-45,600
| -15% | -$887K |
|
3909
Unity
U
$20.4B
| $5.16M | ﹤0.01% |
213,287
-126,743
| -37% | -$2.79M |
|
3910
CorVel
CRVL
$3.32B
| $5.16M | ﹤0.01% |
50,186
+15,555
| +45% | +$1.71M |
|
3911
PUT
Alliance Resource Partners
ARLP
$3.27B
| $5.16M | ﹤0.01% |
197,300
+30,000
| +18% | +$788K |
|
3912
CALL
LendingTree
TREE
$458M
| $5.15M | ﹤0.01% |
139,000
+60,300
| +77% | +$2.43M |
|
3913
ZIM Integrated Shipping Services
ZIM
$3.39B
| $5.15M | ﹤0.01% |
320,215
-825,742
| -72% | -$13M |
|
3914
CALL
Vanguard Health Care ETF
VHT
$18.9B
| $5.14M | ﹤0.01% |
20,700
+3,400
| +20% | +$840K |
|
3915
PUT
iShares Select Dividend ETF
DVY
$24.1B
| $5.14M | ﹤0.01% |
38,700
+18,700
| +94% | +$2.42M |
|
3916
PUT
Hartford Financial Services
HIG
$37.8B
| $5.14M | ﹤0.01% |
40,500
-3,200
| -7% | -$398K |
|
|
VOYG
3917
Voyager Technologies
VOYG
$2.6B
| $5.14M | ﹤0.01% |
+130,844
| New | +$6.24M |
|
3918
CALL
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $5.13M | ﹤0.01% |
91,500
-70,400
| -43% | -$3.9M |
|
3919
CALL
Cedar Fair
FUN
$1.68B
| $5.13M | ﹤0.01% |
168,700
+53,500
| +46% | +$1.79M |
|
3920
Invesco S&P 500 BuyWrite ETF
PBP
$362M
| $5.13M | ﹤0.01% |
234,556
+208,793
| +810% | +$4.51M |
|
3921
NovoCure
NVCR
$1.97B
| $5.12M | ﹤0.01% |
287,771
+48,180
| +20% | +$840K |
|
3922
iShares Russell Top 200 Value ETF
IWX
$4.04B
| $5.12M | ﹤0.01% |
60,826
+37,111
| +156% | +$2.99M |
|
3923
Invesco NASDAQ 100 ETF
QQQM
$104B
| $5.12M | ﹤0.01% |
22,540
+7,152
| +46% | +$1.46M |
|
3924
Elastic
ESTC
$9.01B
| $5.12M | ﹤0.01% |
60,696
+52,576
| +647% | +$4.44M |
|
|
LENZ
3925
CALL
LENZ Therapeutics
LENZ
$149M
| $5.11M | ﹤0.01% |
+174,500
| New | +$4.75M |
|
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.