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 | |
|---|---|---|---|---|---|---|
4701
California Water Service
CWT
$3.12B
| $3.43M | ﹤0.01% |
75,446
-17,833
| -19% | -$853K |
|
4702
CALL
Aurinia Pharmaceuticals
AUPH
$2.06B
| $3.43M | ﹤0.01% |
405,000
-73,400
| -15% | -$588K |
|
4703
PUT
Oxford Industries
OXM
$543M
| $3.43M | ﹤0.01% |
85,200
-305,800
| -78% | -$15.4M |
|
4704
PUT
Fluence Energy
FLNC
$2.43B
| $3.43M | ﹤0.01% |
510,800
+216,600
| +74% | +$1.03M |
|
4705
PUT
Installed Building Products
IBP
$6.39B
| $3.43M | ﹤0.01% |
19,000
-3,900
| -17% | -$649K |
|
|
MPT
4706
Medical Properties Trust
MPT
$2.5B
| $3.42M | ﹤0.01% |
794,390
+568,756
| +252% | +$2.81M |
|
4707
Allegion
ALLE
$14B
| $3.42M | ﹤0.01% |
23,743
+16,882
| +246% | +$2.31M |
|
4708
Nutrien
NTR
$32.6B
| $3.42M | ﹤0.01% |
58,668
+25,863
| +79% | +$1.46M |
|
4709
Limbach Holdings
LMB
$543M
| $3.42M | ﹤0.01% |
24,376
-41
| -0.2% | -$4.65K |
|
4710
CALL
Unusual Machines
UMAC
$1.7B
| $3.41M | ﹤0.01% |
398,200
+382,900
| +2,503% | +$2.41M |
|
4711
PUT
Aehr Test Systems
AEHR
$4.37B
| $3.41M | ﹤0.01% |
263,900
+12,000
| +5% | +$114K |
|
4712
Leggett & Platt
LEG
$1.32B
| $3.41M | ﹤0.01% |
382,023
-563,644
| -60% | -$4.86M |
|
|
OPRA
4713
PUT
Opera Ltd
OPRA
$1.82B
| $3.4M | ﹤0.01% |
179,900
+15,100
| +9% | +$259K |
|
4714
Loews
L
$23.1B
| $3.4M | ﹤0.01% |
37,092
-44,381
| -54% | -$3.9M |
|
4715
PUT
Jack in the Box
JACK
$327M
| $3.4M | ﹤0.01% |
194,700
-5,200
| -3% | -$117K |
|
4716
CoinShares Bitcoin Mining ETF
WGMI
$243M
| $3.4M | ﹤0.01% |
149,490
-101,402
| -40% | -$1.65M |
|
4717
CALL
Alignment Healthcare
ALHC
$2.9B
| $3.4M | ﹤0.01% |
242,600
+201,700
| +493% | +$3.25M |
|
4718
Fortune Brands Innovations
FBIN
$5.71B
| $3.4M | ﹤0.01% |
65,960
+32,636
| +98% | +$1.71M |
|
4719
PUT
UGI
UGI
$7.59B
| $3.39M | ﹤0.01% |
93,200
-88,800
| -49% | -$3.05M |
|
|
HBI
4720
DELISTED
Hanesbrands
HBI
| $3.39M | ﹤0.01% |
740,855
+192,374
| +35% | +$928K |
|
4721
Franco-Nevada
FNV
$45.2B
| $3.39M | ﹤0.01% |
20,684
+15,634
| +310% | +$2.59M |
|
4722
PUT
Equitable Holdings
EQH
$14.5B
| $3.39M | ﹤0.01% |
60,400
+21,600
| +56% | +$1.11M |
|
4723
iShares Paris-Aligned Climate Optimized MSCI USA ETF
PABU
$2.55B
| $3.39M | ﹤0.01% |
50,664
+8,815
| +21% | +$546K |
|
|
CALY
4724
Callaway Golf Company
CALY
$2.94B
| $3.38M | ﹤0.01% |
420,111
-65,245
| -13% | -$449K |
|
4725
First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF
CARZ
$49.2M
| $3.38M | ﹤0.01% |
54,586
+17,502
| +47% | +$973K |
|
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.