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 | |
|---|---|---|---|---|---|---|
4601
PUT
iShares S&P 500 Value ETF
IVE
$50.3B
| $3.62M | ﹤0.01% |
18,500
+1,200
| +7% | +$224K |
|
4602
SM Energy
SM
$8.03B
| $3.62M | ﹤0.01% |
146,298
-32,652
| -18% | -$791K |
|
4603
CALL
Cabot Corp
CBT
$4.54B
| $3.61M | ﹤0.01% |
48,100
+31,700
| +193% | +$2.43M |
|
4604
BlackLine
BL
$1.77B
| $3.61M | ﹤0.01% |
63,692
-16,871
| -21% | -$871K |
|
4605
PUT
Bank of Hawaii
BOH
$3.17B
| $3.61M | ﹤0.01% |
53,400
+3,600
| +7% | +$239K |
|
4606
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.9B
| $3.6M | ﹤0.01% |
45,366
+13,671
| +43% | +$1.04M |
|
4607
Agilysys
AGYS
$3.22B
| $3.6M | ﹤0.01% |
31,418
-9,725
| -24% | -$878K |
|
4608
PUT
GraniteShares 2x Long AMD Daily ETF
AMDL
$1.14B
| $3.6M | ﹤0.01% |
423,000
+101,100
| +31% | +$537K |
|
4609
Innovator Equity Managed Floor ETF
SFLR
$2.18B
| $3.6M | ﹤0.01% |
107,127
+57,917
| +118% | +$1.85M |
|
4610
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $3.59M | ﹤0.01% |
135,168
+80,521
| +147% | +$2.11M |
|
4611
CALL
Brookfield Renewable
BEPC
$6.59B
| $3.59M | ﹤0.01% |
109,600
+42,900
| +64% | +$1.25M |
|
4612
Goosehead Insurance
GSHD
$2.35B
| $3.59M | ﹤0.01% |
34,032
+4,508
| +15% | +$478K |
|
4613
SEALSQ Corp
LAES
$671M
| $3.59M | ﹤0.01% |
890,843
+861,846
| +2,972% | +$2.65M |
|
4614
Darden Restaurants
DRI
$25.6B
| $3.59M | ﹤0.01% |
16,460
-31,493
| -66% | -$6.54M |
|
4615
American Eagle Outfitters
AEO
$2.71B
| $3.58M | ﹤0.01% |
372,233
-27,929
| -7% | -$300K |
|
4616
Invesco International BuyBack Achievers ETF
IPKW
$554M
| $3.58M | ﹤0.01% |
+73,579
| New | +$3.39M |
|
4617
PUT
Hercules Capital
HTGC
$3.13B
| $3.58M | ﹤0.01% |
195,800
-49,900
| -20% | -$884K |
|
4618
NBT Bancorp
NBTB
$2.78B
| $3.58M | ﹤0.01% |
86,102
-64,587
| -43% | -$2.69M |
|
4619
CALL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $3.58M | ﹤0.01% |
39,000
+2,500
| +7% | +$229K |
|
4620
Douglas Emmett
DEI
$1.96B
| $3.58M | ﹤0.01% |
237,759
+30,233
| +15% | +$437K |
|
4621
PUT
Stantec
STN
$8.28B
| $3.58M | ﹤0.01% |
32,900
-2,400
| -7% | -$231K |
|
4622
iShares Russell 3000 ETF
IWV
$20.5B
| $3.57M | ﹤0.01% |
10,179
+8,120
| +394% | +$2.64M |
|
|
CIM
4623
CALL
Chimera Investment
CIM
$988M
| $3.57M | ﹤0.01% |
257,500
+137,800
| +115% | +$1.76M |
|
4624
PUT
Travere Therapeutics
TVTX
$5.86B
| $3.57M | ﹤0.01% |
241,300
+211,100
| +699% | +$3.5M |
|
4625
Hilton Grand Vacations
HGV
$3.57B
| $3.57M | ﹤0.01% |
85,991
-93,704
| -52% | -$3.54M |
|
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.