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 | |
|---|---|---|---|---|---|---|
|
TEN
4276
PUT
Tsakos Energy Navigation Ltd
TEN
$1.25B
| $4.26M | ﹤0.01% |
222,100
-206,200
| -48% | -$3.62M |
|
4277
A.O. Smith
AOS
$8.45B
| $4.26M | ﹤0.01% |
64,988
+23,350
| +56% | +$1.53M |
|
|
AGS
4278
CALL
DELISTED
PlayAGS
AGS
| $4.26M | ﹤0.01% |
340,800
+299,700
| +729% | +$3.65M |
|
4279
Jazz Pharmaceuticals
JAZZ
$15.9B
| $4.25M | ﹤0.01% |
40,090
+15,898
| +66% | +$1.73M |
|
4280
Federal Agricultural Mortgage
AGM
$2.53B
| $4.25M | ﹤0.01% |
21,890
-5,774
| -21% | -$1.06M |
|
4281
NorthWestern Energy
NWE
$4.42B
| $4.25M | ﹤0.01% |
82,869
-27,252
| -25% | -$1.51M |
|
4282
Intapp
INTA
$3.07B
| $4.25M | ﹤0.01% |
82,312
+8,688
| +12% | +$475K |
|
|
AD
4283
CALL
Array Digital Infrastructure
AD
$3.11B
| $4.25M | ﹤0.01% |
66,400
-30,700
| -32% | -$1.95M |
|
4284
CALL
Lamar Advertising Co
LAMR
$15.8B
| $4.25M | ﹤0.01% |
35,000
+13,000
| +59% | +$1.51M |
|
4285
Hormel Foods
HRL
$13.5B
| $4.24M | ﹤0.01% |
140,095
-88,606
| -39% | -$2.67M |
|
4286
PUT
Chemed
CHE
$6.96B
| $4.24M | ﹤0.01% |
8,700
+5,200
| +149% | +$2.96M |
|
4287
Power Integrations
POWI
$3.51B
| $4.24M | ﹤0.01% |
75,773
+7,415
| +11% | +$381K |
|
4288
Visteon
VC
$2.89B
| $4.23M | ﹤0.01% |
45,382
-31,307
| -41% | -$2.58M |
|
4289
DigitalOcean
DOCN
$15.3B
| $4.23M | ﹤0.01% |
148,211
+47,377
| +47% | +$1.38M |
|
|
NLOP
4290
CALL
Net Lease Office Properties
NLOP
$172M
| $4.23M | ﹤0.01% |
130,000
+15,500
| +14% | +$474K |
|
4291
CALL
Perrigo
PRGO
$1.81B
| $4.23M | ﹤0.01% |
158,300
-103,000
| -39% | -$2.7M |
|
4292
First Trust US Equity Opportunities ETF
FPX
$1.57B
| $4.23M | ﹤0.01% |
29,188
+14,838
| +103% | +$1.88M |
|
4293
PUT
State Street SPDR S&P Insurance ETF
KIE
$684M
| $4.23M | ﹤0.01% |
70,800
+46,900
| +196% | +$2.72M |
|
4294
Rush Enterprises Class A
RUSHA
$9.6B
| $4.23M | ﹤0.01% |
82,092
+5,600
| +7% | +$284K |
|
4295
Vista Energy
VIST
$7.56B
| $4.23M | ﹤0.01% |
88,434
-42,016
| -32% | -$1.99M |
|
4296
CALL
Viatris
VTRS
$18.6B
| $4.23M | ﹤0.01% |
473,300
-381,500
| -45% | -$3.23M |
|
4297
PUT
Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
$441M
| $4.22M | ﹤0.01% |
81,300
+58,100
| +250% | +$2.14M |
|
4298
CALL
Clearway Energy Class C
CWEN
$7.01B
| $4.22M | ﹤0.01% |
131,800
-43,500
| -25% | -$1.3M |
|
4299
CALL
JFrog
FROG
$11.6B
| $4.22M | ﹤0.01% |
96,100
+14,400
| +18% | +$547K |
|
4300
CALL
Cullen/Frost Bankers
CFR
$10.6B
| $4.22M | ﹤0.01% |
32,800
+2,100
| +7% | +$257K |
|
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.