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 | |
|---|---|---|---|---|---|---|
4176
CALL
Assurant
AIZ
$13.9B
| $4.48M | ﹤0.01% |
22,700
+10,300
| +83% | +$2.02M |
|
4177
BOK Financial
BOKF
$8.88B
| $4.48M | ﹤0.01% |
45,893
+17,642
| +62% | +$1.66M |
|
|
SGVT
4178
Schwab Government Money Market ETF
SGVT
$868M
| $4.47M | ﹤0.01% |
+44,651
| New | +$4.47M |
|
4179
Elbit Systems
ESLT
$36.7B
| $4.47M | ﹤0.01% |
9,952
+8,762
| +736% | +$3.55M |
|
4180
CALL
Brookfield Renewable
BEP
$10.4B
| $4.47M | ﹤0.01% |
175,200
-139,000
| -44% | -$3.27M |
|
4181
CALL
Equity Residential
EQR
$24.7B
| $4.47M | ﹤0.01% |
66,200
-76,400
| -54% | -$5.25M |
|
4182
PUT
Century Aluminum
CENX
$4.62B
| $4.47M | ﹤0.01% |
247,900
+114,200
| +85% | +$1.94M |
|
|
TGB
4183
CALL
Trekor Metals
TGB
$3.06B
| $4.47M | ﹤0.01% |
1,417,500
+1,106,500
| +356% | +$2.59M |
|
4184
PUT
Alcon
ALC
$35.9B
| $4.46M | ﹤0.01% |
50,500
+30,800
| +156% | +$2.76M |
|
4185
Pinnacle Financial Partners Inc
PNFP
$16.3B
| $4.46M | ﹤0.01% |
40,363
-14,778
| -27% | -$1.53M |
|
4186
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$602M
| $4.45M | ﹤0.01% |
30,321
+28,112
| +1,273% | +$3.78M |
|
4187
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
$1.85B
| $4.45M | ﹤0.01% |
+130,624
| New | +$4.22M |
|
4188
AdvisorShares Pure US Cannabis ETF
MSOS
$930M
| $4.44M | ﹤0.01% |
1,844,133
+360,376
| +24% | +$887K |
|
4189
PUT
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$195M
| $4.44M | ﹤0.01% |
120,300
+83,400
| +226% | +$3.23M |
|
4190
CALL
iShares S&P 100 ETF
OEF
$20.5B
| $4.44M | ﹤0.01% |
14,600
+8,300
| +132% | +$2.31M |
|
4191
Zebra Technologies
ZBRA
$17.8B
| $4.44M | ﹤0.01% |
14,408
+3,884
| +37% | +$1.05M |
|
4192
iShares US Basic Materials ETF
IYM
$1.02B
| $4.44M | ﹤0.01% |
31,722
+28,860
| +1,008% | +$3.83M |
|
4193
PBF Energy
PBF
$8.52B
| $4.44M | ﹤0.01% |
204,827
-149,287
| -42% | -$2.84M |
|
4194
CALL
Globus Medical
GMED
$11.5B
| $4.44M | ﹤0.01% |
75,200
+36,300
| +93% | +$2.35M |
|
4195
PUT
First Horizon
FHN
$12.4B
| $4.43M | ﹤0.01% |
209,100
+67,900
| +48% | +$1.29M |
|
4196
Avantis Emerging Markets Value ETF
AVES
$1.49B
| $4.43M | ﹤0.01% |
+82,772
| New | +$4.1M |
|
4197
PUT
NatWest
NWG
$75.9B
| $4.43M | ﹤0.01% |
313,000
+293,000
| +1,465% | +$3.87M |
|
4198
ICU Medical
ICUI
$4.58B
| $4.43M | ﹤0.01% |
33,494
-31
| -0.1% | -$4.2K |
|
4199
PUT
Wendy's
WEN
$1.65B
| $4.42M | ﹤0.01% |
387,300
+114,500
| +42% | +$1.4M |
|
4200
PUT
ODDITY Tech
ODD
$605M
| $4.42M | ﹤0.01% |
58,600
+50,500
| +623% | +$3.08M |
|
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.