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 | |
|---|---|---|---|---|---|---|
4626
PUT
Viking Holdings
VIK
$43.7B
| $3.57M | ﹤0.01% |
67,000
+19,100
| +40% | +$843K |
|
|
LIAT
4627
DELISTED
LifeX 2059 Inflation-Protected Longevity Income ETF
LIAT
| $3.57M | ﹤0.01% |
15,609
+12,969
| +491% | +$2.93M |
|
4628
PUT
Vanguard FTSE All-World ex-US ETF
VEU
$70.6B
| $3.57M | ﹤0.01% |
53,100
-14,300
| -21% | -$905K |
|
4629
iShares S&P Mid-Cap 400 Value ETF
IJJ
$9.1B
| $3.57M | ﹤0.01% |
28,854
-1,399
| -5% | -$165K |
|
4630
Iovance Biotherapeutics
IOVA
$3.16B
| $3.56M | ﹤0.01% |
2,071,472
+269,279
| +15% | +$670K |
|
|
CNH
4631
CALL
CNH Industrial
CNH
$16.8B
| $3.56M | ﹤0.01% |
274,900
-128,700
| -32% | -$1.59M |
|
4632
CALL
Beam Therapeutics
BEAM
$2.76B
| $3.56M | ﹤0.01% |
209,300
-84,200
| -29% | -$1.47M |
|
|
HBI
4633
CALL
DELISTED
Hanesbrands
HBI
| $3.56M | ﹤0.01% |
777,200
-379,200
| -33% | -$1.83M |
|
4634
iShares US Consumer Staples ETF
IYK
$1.44B
| $3.55M | ﹤0.01% |
50,439
+32,828
| +186% | +$2.31M |
|
4635
PUT
Regions Financial
RF
$27.2B
| $3.55M | ﹤0.01% |
151,100
+39,000
| +35% | +$825K |
|
4636
CALL
Teekay
TK
$1.09B
| $3.55M | ﹤0.01% |
430,400
+397,400
| +1,204% | +$3.08M |
|
4637
CarGurus
CARG
$3.33B
| $3.55M | ﹤0.01% |
106,036
-5,299
| -5% | -$160K |
|
4638
Healthpeak Properties
DOC
$14.3B
| $3.55M | ﹤0.01% |
202,672
+104,255
| +106% | +$1.85M |
|
4639
Alarm.com
ALRM
$2.73B
| $3.55M | ﹤0.01% |
62,731
+1,946
| +3% | +$108K |
|
4640
CALL
Direxion Daily Real Estate Bear 3X ETF
DRV
$25.3M
| $3.55M | ﹤0.01% |
140,700
-21,000
| -13% | -$564K |
|
4641
Shutterstock
SSTK
$210M
| $3.55M | ﹤0.01% |
187,154
+66,929
| +56% | +$1.18M |
|
|
SEM
4642
DELISTED
Select Medical
SEM
| $3.55M | ﹤0.01% |
233,744
+93,212
| +66% | +$1.45M |
|
4643
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.52B
| $3.55M | ﹤0.01% |
185,514
+96,328
| +108% | +$1.83M |
|
4644
Kosmos Energy
KOS
$1.51B
| $3.55M | ﹤0.01% |
2,062,085
+1,468,933
| +248% | +$2.66M |
|
4645
Blackbaud
BLKB
$2.05B
| $3.55M | ﹤0.01% |
55,219
-6,444
| -10% | -$403K |
|
4646
PUT
Biohaven
BHVN
$2.21B
| $3.54M | ﹤0.01% |
251,200
+124,200
| +98% | +$2.21M |
|
4647
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$301M
| $3.54M | ﹤0.01% |
62,760
+26,273
| +72% | +$1.34M |
|
4648
MINISO
MNSO
$3.52B
| $3.54M | ﹤0.01% |
194,467
-260
| -0.1% | -$4.67K |
|
4649
ADT
ADT
$5.47B
| $3.54M | ﹤0.01% |
418,085
-932,862
| -69% | -$7.64M |
|
4650
PUT
IAMGOLD
IAG
$10.4B
| $3.54M | ﹤0.01% |
481,700
+210,200
| +77% | +$1.47M |
|
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.