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 | |
|---|---|---|---|---|---|---|
451
PUT
Williams Companies
WMB
$89.9B
| $200M | 0.03% |
3,184,700
+1,106,800
| +53% | +$65.3M |
|
452
Uber
UBER
$153B
| $200M | 0.03% |
2,138,829
+917,924
| +75% | +$75.6M |
|
453
PUT
Union Pacific
UNP
$177B
| $198M | 0.03% |
859,800
+366,600
| +74% | +$81.4M |
|
454
PUT
KraneShares CSI China Internet ETF
KWEB
$5.3B
| $197M | 0.03% |
5,732,500
-3,365,200
| -37% | -$111M |
|
455
CALL
Altria Group
MO
$109B
| $197M | 0.03% |
3,355,800
-1,995,500
| -37% | -$117M |
|
456
PUT
Lowe's Companies
LOW
$122B
| $195M | 0.03% |
879,500
-53,700
| -6% | -$12M |
|
|
457
TSMC
TSM
$2.25T
| $194M | 0.03% |
857,729
-2,330,755
| -73% | -$432M |
|
458
CALL
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.42B
| $194M | 0.03% |
16,396,400
+6,205,300
| +61% | +$71.9M |
|
459
PUT
iShares US Real Estate ETF
IYR
$4.57B
| $193M | 0.03% |
2,036,800
+1,469,600
| +259% | +$137M |
|
460
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$650M
| $193M | 0.03% |
4,709,900
+2,252,200
| +92% | +$80.7M |
|
|
461
PUT
Altria Group
MO
$109B
| $193M | 0.03% |
3,289,000
+18,100
| +0.6% | +$1.06M |
|
462
PUT
S&P Global
SPGI
$122B
| $192M | 0.03% |
364,900
+39,300
| +12% | +$19.6M |
|
463
CALL
Wynn Resorts
WYNN
$10.6B
| $192M | 0.03% |
2,052,800
+150,100
| +8% | +$12.7M |
|
464
Qualcomm
QCOM
$174B
| $192M | 0.03% |
1,204,755
+148,890
| +14% | +$21.9M |
|
465
CALL
Analog Devices
ADI
$188B
| $191M | 0.03% |
803,500
-330,200
| -29% | -$68.8M |
|
466
PUT
McKesson
MCK
$100B
| $191M | 0.03% |
260,500
+67,800
| +35% | +$47.8M |
|
467
PUT
ConocoPhillips
COP
$150B
| $190M | 0.03% |
2,115,700
+53,100
| +3% | +$4.78M |
|
468
CALL
Etsy
ETSY
$7.33B
| $190M | 0.03% |
3,781,400
+2,175,800
| +136% | +$108M |
|
469
PUT
iShares MSCI Brazil ETF
EWZ
$8.56B
| $189M | 0.03% |
6,557,000
-3,422,300
| -34% | -$92.4M |
|
470
CALL
Cheniere Energy
LNG
$55.6B
| $189M | 0.03% |
775,300
+63,100
| +9% | +$14.6M |
|
471
CALL
Dick's Sporting Goods
DKS
$18.1B
| $189M | 0.03% |
953,600
+638,300
| +202% | +$118M |
|
472
CALL
Ulta Beauty
ULTA
$22.2B
| $188M | 0.03% |
402,800
-525,500
| -57% | -$217M |
|
473
CALL
Astera Labs
ALAB
$56.9B
| $188M | 0.03% |
2,080,700
+658,700
| +46% | +$52M |
|
474
CALL
Nucor
NUE
$61.9B
| $187M | 0.03% |
1,446,900
-59,100
| -4% | -$6.91M |
|
475
PUT
Abbott
ABT
$192B
| $187M | 0.03% |
1,376,100
-58,300
| -4% | -$7.69M |
|
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.