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 | |
|---|---|---|---|---|---|---|
4526
CALL
The RealReal
REAL
$1.39B
| $3.75M | ﹤0.01% |
781,900
-11,700
| -1% | -$64.4K |
|
4527
PUT
New Fortress Energy
NFE
$92.6M
| $3.74M | ﹤0.01% |
1,127,300
+581,400
| +107% | +$2.53M |
|
4528
PUT
Synaptics
SYNA
$4.25B
| $3.74M | ﹤0.01% |
57,700
-500
| -0.9% | -$29.4K |
|
4529
Icahn Enterprises
IEP
$5.27B
| $3.74M | ﹤0.01% |
464,815
+383,969
| +475% | +$3.29M |
|
|
MSLC
4530
Morgan Stanley Pathway Large Cap Equity ETF
MSLC
$4.13B
| $3.74M | ﹤0.01% |
73,218
+32,120
| +78% | +$1.52M |
|
4531
PUT
Progress Software
PRGS
$1.79B
| $3.73M | ﹤0.01% |
58,500
+42,800
| +273% | +$2.6M |
|
4532
CALL
T-REX 2X Long Tesla Daily Target ETF
TSLT
$161M
| $3.73M | ﹤0.01% |
231,800
+102,400
| +79% | +$1.62M |
|
4533
Mercury Systems
MRCY
$6.67B
| $3.73M | ﹤0.01% |
69,315
+5,391
| +8% | +$263K |
|
4534
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.7B
| $3.73M | ﹤0.01% |
87,494
+53,428
| +157% | +$2.15M |
|
4535
PUT
CRH
CRH
$64.6B
| $3.73M | ﹤0.01% |
40,600
-342,900
| -89% | -$31.3M |
|
4536
PUT
Stratasys
SSYS
$781M
| $3.72M | ﹤0.01% |
324,500
-19,500
| -6% | -$198K |
|
4537
CALL
NETSCOUT
NTCT
$2.88B
| $3.72M | ﹤0.01% |
+149,900
| New | +$3.33M |
|
4538
Oceaneering
OII
$5.2B
| $3.72M | ﹤0.01% |
179,356
+24,375
| +16% | +$470K |
|
|
TMHC
4539
PUT
DELISTED
Taylor Morrison
TMHC
| $3.72M | ﹤0.01% |
60,500
+49,800
| +465% | +$2.89M |
|
4540
Sharplink Inc
SBET
$1.36B
| $3.72M | ﹤0.01% |
+374,171
| New | +$5.07M |
|
4541
SBA Communications
SBAC
$19.6B
| $3.71M | ﹤0.01% |
15,814
+1,609
| +11% | +$368K |
|
4542
CALL
Full Truck Alliance
YMM
$9.14B
| $3.71M | ﹤0.01% |
314,400
+80,500
| +34% | +$937K |
|
4543
CALL
Essential Utilities
WTRG
$11.5B
| $3.71M | ﹤0.01% |
99,900
+85,700
| +604% | +$3.34M |
|
4544
Sprott Physical Gold and Silver Trust
CEF
$7.81B
| $3.71M | ﹤0.01% |
123,131
+51,432
| +72% | +$1.5M |
|
4545
Ardelyx
ARDX
$1.05B
| $3.71M | ﹤0.01% |
945,284
-158,040
| -14% | -$652K |
|
4546
Marqeta
MQ
$1.7B
| $3.71M | ﹤0.01% |
158,889
-141,957
| -47% | -$2.69M |
|
4547
YieldMax TSLA Option Income Strategy ETF
TSLY
$674M
| $3.7M | ﹤0.01% |
90,657
+17,220
| +23% | +$734K |
|
4548
SPDR Gold MiniShares Trust
GLDM
$30B
| $3.7M | ﹤0.01% |
56,492
+863
| +2% | +$56.2K |
|
4549
PUT
iShares TIPS Bond ETF
TIP
$14.7B
| $3.7M | ﹤0.01% |
33,600
-337,400
| -91% | -$36.8M |
|
4550
CALL
Piper Sandler
PIPR
$5.41B
| $3.7M | ﹤0.01% |
53,200
+5,200
| +11% | +$324K |
|
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.