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 | |
|---|---|---|---|---|---|---|
4201
CALL
RenaissanceRe
RNR
$13.4B
| $4.42M | ﹤0.01% |
18,200
+4,600
| +34% | +$1.11M |
|
4202
Tower Semiconductor
TSEM
$30B
| $4.42M | ﹤0.01% |
101,964
+86,061
| +541% | +$3.3M |
|
4203
CALL
Lucid Motors
LCID
$2.45B
| $4.42M | ﹤0.01% |
209,460
-226,380
| -52% | -$5.42M |
|
4204
JPMorgan BetaBuilders US Treasury Bond 1-3 Year ETF
BBSB
$55.2M
| $4.42M | ﹤0.01% |
44,541
-15,598
| -26% | -$1.54M |
|
4205
PUT
Organon & Co
OGN
$3.6B
| $4.41M | ﹤0.01% |
456,000
-65,700
| -13% | -$678K |
|
4206
CALL
B&G Foods
BGS
$294M
| $4.41M | ﹤0.01% |
1,043,500
+50,800
| +5% | +$265K |
|
4207
PUT
NETGEAR
NTGR
$656M
| $4.41M | ﹤0.01% |
151,800
+83,500
| +122% | +$2.24M |
|
4208
CALL
Shoals Technologies Group
SHLS
$1.42B
| $4.41M | ﹤0.01% |
1,037,700
+194,400
| +23% | +$845K |
|
4209
CALL
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.6B
| $4.41M | ﹤0.01% |
26,800
-4,700
| -15% | -$744K |
|
4210
CALL
Praxis Precision Medicines
PRAX
$10.2B
| $4.41M | ﹤0.01% |
104,800
-6,000
| -5% | -$228K |
|
4211
International Seaways
INSW
$4.81B
| $4.41M | ﹤0.01% |
120,772
-15,368
| -11% | -$551K |
|
4212
CALL
ZTO Express
ZTO
$17.4B
| $4.41M | ﹤0.01% |
248,200
-129,600
| -34% | -$2.35M |
|
|
VISN
4213
Vistance Networks Inc
VISN
$2.66B
| $4.41M | ﹤0.01% |
532,058
+197,678
| +59% | +$1.03M |
|
4214
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.34B
| $4.4M | ﹤0.01% |
+64,000
| New | +$4.02M |
|
4215
State Street Communication Services Select Sector SPDR ETF
XLC
$22.9B
| $4.4M | ﹤0.01% |
40,538
-140,228
| -78% | -$13.8M |
|
4216
CALL
Evolv Technologies
EVLV
$1.05B
| $4.39M | ﹤0.01% |
704,300
+431,500
| +158% | +$2M |
|
4217
Kontoor Brands
KTB
$4.64B
| $4.39M | ﹤0.01% |
66,588
-11,711
| -15% | -$757K |
|
4218
CALL
iShares US Financial Services ETF
IYG
$2.23B
| $4.39M | ﹤0.01% |
51,300
+6,400
| +14% | +$508K |
|
4219
CALL
ACV Auctions
ACVA
$1.4B
| $4.39M | ﹤0.01% |
270,400
-44,200
| -14% | -$688K |
|
4220
CALL
Constellium
CSTM
$4.01B
| $4.38M | ﹤0.01% |
329,600
+241,400
| +274% | +$2.71M |
|
4221
Vanguard Industrials ETF
VIS
$8.54B
| $4.38M | ﹤0.01% |
15,635
+6,265
| +67% | +$1.62M |
|
4222
CALL
Avantor
AVTR
$9.24B
| $4.38M | ﹤0.01% |
325,300
-132,300
| -29% | -$1.81M |
|
4223
Genius Sports
GENI
$2.33B
| $4.38M | ﹤0.01% |
420,925
+298,632
| +244% | +$2.98M |
|
4224
CALL
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$28M
| $4.38M | ﹤0.01% |
132,615
+114,225
| +621% | +$5.42M |
|
4225
PUT
Xperi
XPER
$329M
| $4.38M | ﹤0.01% |
553,100
+197,800
| +56% | +$1.49M |
|
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.