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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4701
Amplify Online Retail ETF
IBUY
$125M
| $3.47M | ﹤0.01% |
+45,596
| New | +$3.33M |
|
4702
PUT
Vanguard Total World Stock ETF
VT
$81.8B
| $3.47M | ﹤0.01% |
25,200
-12,000
| -32% | -$1.59M |
|
4703
Wintrust Financial
WTFC
$11B
| $3.47M | ﹤0.01% |
26,181
-5,192
| -17% | -$686K |
|
4704
Old National Bancorp
ONB
$10.4B
| $3.47M | ﹤0.01% |
157,868
-424,418
| -73% | -$9.38M |
|
|
FWDI
4705
PUT
Forward Industries Inc
FWDI
$315M
| $3.46M | ﹤0.01% |
+135,500
| New | +$2.23M |
|
4706
Vanguard Energy ETF
VDE
$10.6B
| $3.46M | ﹤0.01% |
27,520
+9,342
| +51% | +$1.15M |
|
4707
PUT
MakeMyTrip
MMYT
$5.68B
| $3.46M | ﹤0.01% |
37,000
+4,000
| +12% | +$389K |
|
4708
iShares California Muni Bond ETF
CMF
$4.62B
| $3.46M | ﹤0.01% |
60,613
+42,958
| +243% | +$2.4M |
|
4709
Ginkgo Bioworks
DNA
$457M
| $3.46M | ﹤0.01% |
237,058
+50,381
| +27% | +$603K |
|
4710
PUT
BorgWarner
BWA
$14B
| $3.46M | ﹤0.01% |
78,600
-34,900
| -31% | -$1.39M |
|
4711
PUT
Encompass Health
EHC
$12.2B
| $3.45M | ﹤0.01% |
+27,200
| New | +$3.24M |
|
4712
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $3.45M | ﹤0.01% |
+120,975
| New | +$3.39M |
|
4713
Yum China
YUMC
$16.3B
| $3.45M | ﹤0.01% |
80,401
+66,601
| +483% | +$3.03M |
|
4714
PUT
Douglas Emmett
DEI
$1.96B
| $3.45M | ﹤0.01% |
221,500
+10,500
| +5% | +$164K |
|
4715
PUT
Par Pacific Holdings
PARR
$4.02B
| $3.45M | ﹤0.01% |
97,300
+75,600
| +348% | +$2.46M |
|
4716
CALL
TTM Technologies
TTMI
$14.7B
| $3.44M | ﹤0.01% |
+59,800
| New | +$2.78M |
|
4717
Alkermes
ALKS
$8.23B
| $3.44M | ﹤0.01% |
114,811
-89,578
| -44% | -$2.53M |
|
4718
PUT
TransUnion
TRU
$15.4B
| $3.44M | ﹤0.01% |
41,100
-5,900
| -13% | -$536K |
|
4719
CALL
Keros Therapeutics
KROS
$200M
| $3.44M | ﹤0.01% |
217,500
-217,000
| -50% | -$3.21M |
|
4720
PUT
Rayonier Advanced Materials
RYAM
$570M
| $3.44M | ﹤0.01% |
476,500
+304,000
| +176% | +$1.57M |
|
|
CALY
4721
CALL
Callaway Golf Company
CALY
$2.94B
| $3.44M | ﹤0.01% |
362,100
+237,500
| +191% | +$2.21M |
|
4722
PUT
Direxion Daily Small Cap Bear 3x ETF
TZA
$196M
| $3.44M | ﹤0.01% |
41,880
-16,420
| -28% | -$1.62M |
|
4723
Darden Restaurants
DRI
$25.6B
| $3.43M | ﹤0.01% |
18,022
+1,562
| +9% | +$321K |
|
4724
Champion Homes
SKY
$5.13B
| $3.43M | ﹤0.01% |
44,908
-49,159
| -52% | -$3.47M |
|
|
4725
Keros Therapeutics
KROS
$200M
| $3.43M | ﹤0.01% |
216,700
+103,035
| +91% | +$1.52M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.