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 | |
|---|---|---|---|---|---|---|
4401
CALL
Teucrium Corn Fund
CORN
$171M
| $3.97M | ﹤0.01% |
224,400
+63,000
| +39% | +$1.17M |
|
4402
CALL
Global X Defense Tech ETF
SHLD
$7.82B
| $3.97M | ﹤0.01% |
65,900
+53,600
| +436% | +$2.88M |
|
4403
Liberty Energy
LBRT
$3.59B
| $3.97M | ﹤0.01% |
345,404
+79,151
| +30% | +$959K |
|
4404
CoStar Group
CSGP
$13.1B
| $3.96M | ﹤0.01% |
49,307
-160,246
| -76% | -$12.5M |
|
4405
Wendy's
WEN
$1.65B
| $3.96M | ﹤0.01% |
346,971
+335,155
| +2,836% | +$4.09M |
|
4406
DT Midstream
DTM
$14B
| $3.96M | ﹤0.01% |
36,037
+2,843
| +9% | +$288K |
|
4407
Global X MLP & Energy Infrastructure ETF
MLPX
$3.62B
| $3.96M | ﹤0.01% |
63,199
+757
| +1% | +$46K |
|
4408
CALL
iShare MSCI Eurozone ETF
EZU
$9.97B
| $3.96M | ﹤0.01% |
66,600
+48,600
| +270% | +$2.75M |
|
4409
American States Water
AWR
$3.53B
| $3.95M | ﹤0.01% |
51,574
-7,218
| -12% | -$567K |
|
4410
Simply Good Foods
SMPL
$1B
| $3.95M | ﹤0.01% |
125,152
+5,165
| +4% | +$180K |
|
4411
Provident Financial Services
PFS
$3.21B
| $3.95M | ﹤0.01% |
225,304
+5,344
| +2% | +$88.7K |
|
4412
PUT
Harrow
HROW
$1.5B
| $3.95M | ﹤0.01% |
129,300
-126,300
| -49% | -$3.39M |
|
4413
PUT
Corpay
CPAY
$27.4B
| $3.95M | ﹤0.01% |
11,900
+7,300
| +159% | +$2.38M |
|
4414
CALL
YieldMax TSLA Option Income Strategy ETF
TSLY
$674M
| $3.95M | ﹤0.01% |
96,640
+88,080
| +1,029% | +$3.75M |
|
|
LB
4415
CALL
LandBridge Co
LB
$2.24B
| $3.95M | ﹤0.01% |
58,400
-32,400
| -36% | -$2.33M |
|
4416
Enova International
ENVA
$6.61B
| $3.95M | ﹤0.01% |
35,379
+562
| +2% | +$53.6K |
|
4417
Park National Corp
PRK
$3.75B
| $3.94M | ﹤0.01% |
23,586
+1,729
| +8% | +$272K |
|
4418
Seacoast Banking Corp of Florida
SBCF
$3.5B
| $3.94M | ﹤0.01% |
142,640
+1,733
| +1% | +$42.8K |
|
4419
Protagonist Therapeutics
PTGX
$10B
| $3.94M | ﹤0.01% |
71,241
-120,998
| -63% | -$5.81M |
|
4420
PUT
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$534M
| $3.94M | ﹤0.01% |
49,600
-163,400
| -77% | -$11.7M |
|
4421
Kinsale Capital Group
KNSL
$8.64B
| $3.94M | ﹤0.01% |
8,135
-3,785
| -32% | -$1.76M |
|
4422
COPT Defense Properties
CDP
$4.19B
| $3.94M | ﹤0.01% |
142,727
+9,693
| +7% | +$263K |
|
4423
JPMorgan BetaBuilders Canada ETF
BBCA
$11.4B
| $3.94M | ﹤0.01% |
+48,770
| New | +$3.7M |
|
4424
Royal Gold
RGLD
$19.5B
| $3.93M | ﹤0.01% |
22,109
+9,259
| +72% | +$1.64M |
|
4425
Church & Dwight Co
CHD
$24B
| $3.93M | ﹤0.01% |
40,907
+21,868
| +115% | +$2.16M |
|
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.