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 | |
|---|---|---|---|---|---|---|
4451
Eldorado Gold
EGO
$10.4B
| $3.89M | ﹤0.01% |
191,375
+92,865
| +94% | +$1.81M |
|
4452
Wintrust Financial
WTFC
$11B
| $3.89M | ﹤0.01% |
31,373
-17,733
| -36% | -$2.03M |
|
4453
PUT
MoonLake Immunotherapeutics
MLTX
$1.4B
| $3.89M | ﹤0.01% |
82,400
+75,600
| +1,112% | +$3.08M |
|
4454
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$43.8M
| $3.89M | ﹤0.01% |
141,877
+568
| +0.4% | +$14.9K |
|
4455
Goodyear
GT
$1.76B
| $3.89M | ﹤0.01% |
374,712
-503,150
| -57% | -$5.33M |
|
4456
PUT
Phathom Pharmaceuticals
PHAT
$775M
| $3.88M | ﹤0.01% |
404,600
+385,800
| +2,052% | +$2.13M |
|
4457
CALL
RingCentral
RNG
$5.39B
| $3.88M | ﹤0.01% |
136,800
+23,300
| +21% | +$601K |
|
4458
PUT
WD-40
WDFC
$3.08B
| $3.88M | ﹤0.01% |
17,000
+9,600
| +130% | +$2.26M |
|
4459
PUT
Global E Online
GLBE
$7.12B
| $3.88M | ﹤0.01% |
115,600
-165,200
| -59% | -$5.58M |
|
4460
CALL
nVent Electric
NVT
$27.7B
| $3.87M | ﹤0.01% |
52,900
-9,100
| -15% | -$559K |
|
4461
Freshworks
FRSH
$3.5B
| $3.87M | ﹤0.01% |
259,770
+11,308
| +5% | +$163K |
|
4462
PUT
iShares Core S&P Mid-Cap ETF
IJH
$129B
| $3.87M | ﹤0.01% |
62,400
+31,500
| +102% | +$1.85M |
|
4463
Walker & Dunlop
WD
$1.46B
| $3.87M | ﹤0.01% |
54,907
+9,147
| +20% | +$661K |
|
4464
CALL
Cirrus Logic
CRUS
$6.07B
| $3.87M | ﹤0.01% |
37,100
-6,200
| -14% | -$607K |
|
4465
Kiniksa Pharmaceuticals
KNSA
$5.99B
| $3.87M | ﹤0.01% |
139,782
+85,503
| +158% | +$2.18M |
|
4466
West Pharmaceutical
WST
$24.6B
| $3.86M | ﹤0.01% |
17,663
+10,632
| +151% | +$2.27M |
|
4467
CALL
Navitas Semiconductor
NVTS
$3.77B
| $3.86M | ﹤0.01% |
589,900
+303,300
| +106% | +$1.17M |
|
4468
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.29B
| $3.86M | ﹤0.01% |
57,596
+53,270
| +1,231% | +$3.53M |
|
4469
Calix
CALX
$2.49B
| $3.86M | ﹤0.01% |
72,565
-1,188
| -2% | -$50.8K |
|
4470
Cullen/Frost Bankers
CFR
$10.6B
| $3.86M | ﹤0.01% |
30,009
-12,885
| -30% | -$1.58M |
|
|
BBBY
4471
Bed Bath & Beyond
BBBY
$415M
| $3.86M | ﹤0.01% |
616,700
+319,905
| +108% | +$1.55M |
|
|
WRD
4472
WeRide Inc
WRD
$1.92B
| $3.85M | ﹤0.01% |
+488,712
| New | +$4.36M |
|
4473
PUT
Flywire
FLYW
$2.29B
| $3.85M | ﹤0.01% |
329,100
+318,800
| +3,095% | +$3.25M |
|
4474
XPO
XPO
$24.7B
| $3.85M | ﹤0.01% |
30,466
+13,695
| +82% | +$1.54M |
|
4475
iShares MSCI Japan ETF
EWJ
$23.2B
| $3.85M | ﹤0.01% |
51,289
-155,299
| -75% | -$11M |
|
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.