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 | |
|---|---|---|---|---|---|---|
4051
Waters Corp
WAT
$40.5B
| $4.78M | ﹤0.01% |
13,688
+7,433
| +119% | +$2.56M |
|
4052
Viavi Solutions
VIAV
$10.7B
| $4.78M | ﹤0.01% |
474,222
+156,266
| +49% | +$1.51M |
|
4053
Willis Towers Watson
WTW
$30.8B
| $4.78M | ﹤0.01% |
15,580
+579
| +4% | +$180K |
|
4054
PUT
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $4.77M | ﹤0.01% |
85,000
+28,600
| +51% | +$1.59M |
|
4055
CALL
LifeMD
LFMD
$166M
| $4.77M | ﹤0.01% |
350,000
+333,600
| +2,034% | +$3.15M |
|
4056
CALL
Autoliv
ALV
$8.94B
| $4.77M | ﹤0.01% |
42,600
-3,500
| -8% | -$343K |
|
4057
McCormick & Company Non-Voting
MKC
$14.7B
| $4.77M | ﹤0.01% |
62,864
+12,296
| +24% | +$921K |
|
4058
CVB Financial
CVBF
$4.09B
| $4.77M | ﹤0.01% |
240,822
-6,309
| -3% | -$117K |
|
4059
Silgan Holdings
SLGN
$4.49B
| $4.76M | ﹤0.01% |
87,939
+45,591
| +108% | +$2.41M |
|
4060
Braze
BRZE
$3.26B
| $4.76M | ﹤0.01% |
169,520
+34,666
| +26% | +$1.1M |
|
4061
iShares S&P 100 ETF
OEF
$20.5B
| $4.76M | ﹤0.01% |
15,650
+6,336
| +68% | +$1.77M |
|
4062
PUT
RenaissanceRe
RNR
$13.4B
| $4.76M | ﹤0.01% |
19,600
-5,700
| -23% | -$1.38M |
|
4063
PUT
Blackstone Secured Lending
BXSL
$5.75B
| $4.75M | ﹤0.01% |
154,600
+35,500
| +30% | +$1.08M |
|
4064
Terex
TEX
$7.76B
| $4.75M | ﹤0.01% |
101,763
-58,565
| -37% | -$2.45M |
|
4065
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.25B
| $4.75M | ﹤0.01% |
105,397
+90,500
| +608% | +$3.96M |
|
4066
BlackRock Flexible Income ETF
BINC
$16.3B
| $4.75M | ﹤0.01% |
+89,839
| New | +$4.68M |
|
4067
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.48B
| $4.75M | ﹤0.01% |
35,675
-1,448
| -4% | -$181K |
|
4068
Huron Consulting
HURN
$2.42B
| $4.74M | ﹤0.01% |
34,490
-7,654
| -18% | -$1.09M |
|
4069
PUT
NCR Atleos
NATL
$3.47B
| $4.74M | ﹤0.01% |
166,200
+100,900
| +155% | +$2.72M |
|
4070
The Mosaic Company
MOS
$6.87B
| $4.74M | ﹤0.01% |
129,926
-863,860
| -87% | -$27.7M |
|
4071
CALL
Liberty Global Class A
LBTYA
$3.57B
| $4.74M | ﹤0.01% |
473,300
+433,600
| +1,092% | +$4.36M |
|
4072
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $4.73M | ﹤0.01% |
79,216
-258,477
| -77% | -$14.8M |
|
4073
CALL
VanEck High Yield Muni ETF
HYD
$4.4B
| $4.72M | ﹤0.01% |
94,100
+30,500
| +48% | +$1.52M |
|
4074
VanEck Pharmaceutical ETF
PPH
$985M
| $4.72M | ﹤0.01% |
53,664
+27,553
| +106% | +$2.39M |
|
4075
CALL
Casella Waste Systems
CWST
$5.77B
| $4.72M | ﹤0.01% |
40,900
+34,000
| +493% | +$3.93M |
|
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.