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 | |
|---|---|---|---|---|---|---|
4226
JPMorgan BetaBuilders Japan ETF
BBJP
$19.1B
| $4.37M | ﹤0.01% |
70,802
+47,923
| +209% | +$2.8M |
|
4227
NiSource
NI
$20.4B
| $4.37M | ﹤0.01% |
108,429
-72,861
| -40% | -$2.86M |
|
4228
PUT
CVR Energy
CVI
$3.54B
| $4.37M | ﹤0.01% |
162,900
+137,900
| +552% | +$3.04M |
|
4229
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.72B
| $4.37M | ﹤0.01% |
20,730
+18,895
| +1,030% | +$3.42M |
|
4230
Genworth Financial
GNW
$3.84B
| $4.37M | ﹤0.01% |
561,728
-9,471
| -2% | -$66.2K |
|
4231
PUT
Corebridge Financial
CRBG
$15.4B
| $4.37M | ﹤0.01% |
123,100
-99,400
| -45% | -$3.09M |
|
4232
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$697M
| $4.37M | ﹤0.01% |
70,450
+5,212
| +8% | +$303K |
|
4233
PUT
ProShares Ultra Semiconductors
USD
$2.96B
| $4.37M | ﹤0.01% |
118,000
-166,800
| -59% | -$4.17M |
|
4234
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $4.36M | ﹤0.01% |
+60,421
| New | +$4.72M |
|
|
DQ
4235
PUT
Daqo New Energy
DQ
$991M
| $4.36M | ﹤0.01% |
287,100
-33,000
| -10% | -$469K |
|
|
BRSL
4236
PUT
Brightstar Lottery PLC
BRSL
$2.15B
| $4.35M | ﹤0.01% |
275,200
+43,900
| +19% | +$690K |
|
4237
PUT
Navios Maritime Partners
NMM
$2.33B
| $4.35M | ﹤0.01% |
115,400
+41,200
| +56% | +$1.52M |
|
|
PPL
4238
CALL
PPL Corp
PPL
$27.1B
| $4.35M | ﹤0.01% |
128,300
-866,900
| -87% | -$30.2M |
|
4239
PUT
FuboTV Inc
FUBO
$307M
| $4.35M | ﹤0.01% |
93,817
-16,325
| -15% | -$611K |
|
|
SAND
4240
DELISTED
Sandstorm Gold
SAND
| $4.34M | ﹤0.01% |
462,225
+158,978
| +52% | +$1.36M |
|
4241
Henry Schein
HSIC
$10B
| $4.34M | ﹤0.01% |
59,472
-28,540
| -32% | -$1.96M |
|
4242
CALL
Manhattan Associates
MANH
$11.5B
| $4.34M | ﹤0.01% |
22,000
-12,200
| -36% | -$2.21M |
|
4243
PUT
UroGen Pharma
URGN
$2.36B
| $4.34M | ﹤0.01% |
317,100
+284,300
| +867% | +$2.73M |
|
4244
Brunswick
BC
$5.36B
| $4.34M | ﹤0.01% |
78,617
+62,176
| +378% | +$3.14M |
|
4245
CALL
Aehr Test Systems
AEHR
$4.37B
| $4.34M | ﹤0.01% |
335,800
+248,800
| +286% | +$2.37M |
|
4246
Acadia Pharmaceuticals
ACAD
$4.87B
| $4.34M | ﹤0.01% |
201,270
-224,200
| -53% | -$4.17M |
|
4247
PUT
Porch Group
PRCH
$1.97B
| $4.34M | ﹤0.01% |
368,100
+332,000
| +920% | +$2.85M |
|
4248
Tanger
SKT
$4.42B
| $4.33M | ﹤0.01% |
141,598
+11,456
| +9% | +$351K |
|
4249
Franklin FTSE Eurozone ETF
FLEU
$74.2M
| $4.33M | ﹤0.01% |
+139,969
| New | +$4.09M |
|
|
VISN
4250
PUT
Vistance Networks Inc
VISN
$2.66B
| $4.33M | ﹤0.01% |
522,500
+129,300
| +33% | +$677K |
|
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.