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 | |
|---|---|---|---|---|---|---|
4026
PUT
TAL Education Group
TAL
$6.46B
| $4.83M | ﹤0.01% |
473,000
+198,100
| +72% | +$2.05M |
|
4027
Sprout Social
SPT
$599M
| $4.83M | ﹤0.01% |
231,120
+64
| +0% | +$1.36K |
|
4028
Aurora
AUR
$13.7B
| $4.83M | ﹤0.01% |
922,210
-547,892
| -37% | -$3.44M |
|
4029
PUT
Protagonist Therapeutics
PTGX
$10B
| $4.83M | ﹤0.01% |
87,400
-36,800
| -30% | -$1.77M |
|
4030
Vanguard Tax-Exempt Bond Index Fund
VTEB
$46B
| $4.83M | ﹤0.01% |
98,419
-666,752
| -87% | -$32.6M |
|
4031
PTC
PTC
$16.2B
| $4.83M | ﹤0.01% |
27,998
+6,845
| +32% | +$1.1M |
|
4032
PUT
Roivant Sciences
ROIV
$26.1B
| $4.82M | ﹤0.01% |
428,000
+31,700
| +8% | +$344K |
|
4033
AllianzIM U.S. Equity Buffer10 Jul ETF
JULT
$57.6M
| $4.82M | ﹤0.01% |
+115,515
| New | +$4.5M |
|
4034
Acadia Healthcare
ACHC
$2.87B
| $4.82M | ﹤0.01% |
212,339
-108,270
| -34% | -$2.57M |
|
|
4035
CALL
Aurora
AUR
$13.7B
| $4.81M | ﹤0.01% |
918,700
-504,000
| -35% | -$3.16M |
|
4036
Aecom
ACM
$8.12B
| $4.81M | ﹤0.01% |
42,647
+14,231
| +50% | +$1.48M |
|
4037
CALL
Direxion Daily GOOGL Bull 2X ETF
GGLL
$954M
| $4.81M | ﹤0.01% |
138,500
+119,000
| +610% | +$3.69M |
|
4038
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$161M
| $4.81M | ﹤0.01% |
48,683
+6,655
| +16% | +$632K |
|
4039
PUT
Ameriprise Financial
AMP
$50.3B
| $4.8M | ﹤0.01% |
9,000
-5,700
| -39% | -$2.82M |
|
4040
Tandem Diabetes Care
TNDM
$1.58B
| $4.8M | ﹤0.01% |
257,459
+75,208
| +41% | +$1.49M |
|
4041
Franklin Bitcoin ETF
EZBC
$372M
| $4.8M | ﹤0.01% |
76,820
+42,259
| +122% | +$2.41M |
|
4042
PUT
RXO
RXO
$3.88B
| $4.79M | ﹤0.01% |
+304,900
| New | +$4.62M |
|
|
BLD
4043
CALL
DELISTED
TopBuild
BLD
| $4.79M | ﹤0.01% |
14,800
+1,400
| +10% | +$415K |
|
4044
CALL
Dropbox
DBX
$7.48B
| $4.79M | ﹤0.01% |
167,500
+15,000
| +10% | +$425K |
|
4045
Insight Enterprises
NSIT
$4.53B
| $4.79M | ﹤0.01% |
34,685
-6,129
| -15% | -$825K |
|
4046
CALL
Vanguard Total Bond Market
BND
$161B
| $4.79M | ﹤0.01% |
65,000
+46,500
| +251% | +$3.38M |
|
4047
Exponent
EXPO
$3.19B
| $4.79M | ﹤0.01% |
64,058
+1,352
| +2% | +$105K |
|
|
NMAX
4048
CALL
Newsmax Inc
NMAX
$1.4B
| $4.78M | ﹤0.01% |
+316,100
| New | +$8.28M |
|
4049
PUT
Vanguard Total World Stock ETF
VT
$81.8B
| $4.78M | ﹤0.01% |
37,200
-39,400
| -51% | -$4.71M |
|
4050
Tecnoglass Holdings
TGLS
$1.86B
| $4.78M | ﹤0.01% |
61,791
-14,982
| -20% | -$1.16M |
|
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.