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 | |
|---|---|---|---|---|---|---|
3951
CALL
Flywire
FLYW
$2.29B
| $5.04M | ﹤0.01% |
430,800
+393,500
| +1,055% | +$4.01M |
|
3952
Voya Financial
VOYA
$9.2B
| $5.04M | ﹤0.01% |
70,985
-1,549
| -2% | -$99.4K |
|
3953
Plexus
PLXS
$7.13B
| $5.04M | ﹤0.01% |
37,233
+1,222
| +3% | +$157K |
|
3954
iShares US Industrials ETF
IYJ
$1.97B
| $5.03M | ﹤0.01% |
35,373
-21,385
| -38% | -$2.85M |
|
|
AVGX
3955
CALL
Defiance Daily Target 2X Long AVGO ETF
AVGX
$190M
| $5.03M | ﹤0.01% |
140,400
+128,100
| +1,041% | +$3M |
|
3956
EnerSys
ENS
$7.34B
| $5.03M | ﹤0.01% |
58,663
+10,995
| +23% | +$959K |
|
3957
Keysight
KEYS
$61.1B
| $5.03M | ﹤0.01% |
30,705
+3,174
| +12% | +$484K |
|
3958
Boise Cascade
BCC
$2.9B
| $5.03M | ﹤0.01% |
57,944
+8,035
| +16% | +$728K |
|
3959
Vanguard Extended Market ETF
VXF
$32.3B
| $5.03M | ﹤0.01% |
26,084
-50,822
| -66% | -$9.03M |
|
3960
PUT
LKQ Corp
LKQ
$6.43B
| $5.03M | ﹤0.01% |
135,800
-77,000
| -36% | -$3.07M |
|
3961
PUT
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$89.9M
| $5.02M | ﹤0.01% |
76,700
+31,500
| +70% | +$1.8M |
|
3962
CALL
Manchester United
MANU
$4.17B
| $5.02M | ﹤0.01% |
281,900
+234,000
| +489% | +$3.47M |
|
3963
PUT
Kinross Gold
KGC
$32.4B
| $5.02M | ﹤0.01% |
321,000
+72,900
| +29% | +$1.06M |
|
3964
Macerich
MAC
$7.01B
| $5.01M | ﹤0.01% |
309,854
-100,097
| -24% | -$1.54M |
|
3965
PUT
NextNav
NN
$3.36B
| $5.01M | ﹤0.01% |
329,500
+106,100
| +47% | +$1.36M |
|
3966
PUT
Flex
FLEX
$46.6B
| $5M | ﹤0.01% |
+100,200
| New | +$3.9M |
|
|
RNAM
3967
DELISTED
Avidity Biosciences
RNAM
| $5M | ﹤0.01% |
175,943
-17,120
| -9% | -$510K |
|
3968
Independence Realty Trust
IRT
$4.01B
| $4.99M | ﹤0.01% |
282,196
+2,919
| +1% | +$54.8K |
|
3969
CALL
Medpace
MEDP
$16.1B
| $4.99M | ﹤0.01% |
15,900
+3,700
| +30% | +$1.11M |
|
3970
ActivePassive International Equity ETF
APIE
$1.16B
| $4.99M | ﹤0.01% |
149,640
+60,788
| +68% | +$1.89M |
|
3971
Haemonetics
HAE
$4.13B
| $4.99M | ﹤0.01% |
66,827
+7,394
| +12% | +$490K |
|
3972
CALL
Brown & Brown
BRO
$23.6B
| $4.98M | ﹤0.01% |
44,900
-91,700
| -67% | -$10.3M |
|
3973
CALL
Ryder
R
$10.1B
| $4.98M | ﹤0.01% |
31,300
+20,400
| +187% | +$3M |
|
3974
Cavco Industries
CVCO
$4.65B
| $4.98M | ﹤0.01% |
11,455
+196
| +2% | +$91.8K |
|
3975
CALL
Atmus Filtration Technologies
ATMU
$4.16B
| $4.97M | ﹤0.01% |
136,600
-13,300
| -9% | -$474K |
|
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.